At what enterprise value was MARCOLIN acquired in 2012?

During the acquisition of MARCOLIN by PAI PARTNERS in 2012, the company was valued at an estimated revenue multiple of below 5x. The transaction's Enterprise Value is estimated to be in the range of 100M - 350M EUR. By registering for free, you get access to complete and exact transaction details including enterprise value, revenue, and EBITDA. Additionally, our database shows that the Retail & Consumer industry currently tracks an average EBITDA multiple of 11.3x, providing a valuable benchmark for this transaction.

What was the EV/EBITDA of MARCOLIN when it was acquired by PAI PARTNERS?

The estimated EV/EBITDA multiple for MARCOLIN is in the range of 5x - 12x. For comparison, the Retail & Consumer sector currently shows an average EBITDA multiple of 11.3x. Join our community for free to access full valuation data and industry trends.

When was MARCOLIN acquired by PAI PARTNERS?

MARCOLIN was acquired by PAI PARTNERS in 2012.

What was the revenue of MARCOLIN at the time of the deal?

The revenue of MARCOLIN at the time of the deal is estimated to be in the range of 150M - 250M EUR. Register for free to access the full transaction report and exact valuation multiples.

What was the EBITDA of MARCOLIN during the acquisition?

MARCOLIN's EBITDA is estimated to be in the range of 25M - 50M EUR. Join our community for free to access complete and exact deal data.

What is Enterprise Value (EV)?

Enterprise Value (EV) is a measure of a company's total value, often used as a more comprehensive alternative to equity market capitalization. EV includes in its calculation the market capitalization of a company but also short-term and long-term debt as well as any cash on the company's balance sheet.

What is the EV/EBITDA multiple and why is it used?

The EV/EBITDA multiple is a financial ratio that compares a company's Enterprise Value (EV) to its Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA). It is widely used in M&A and valuation because it allows for comparisons between companies with different capital structures and provides a clear view of operational profitability.

How is the data for the MARCOLIN acquisition sourced and is it reliable?

Mynth data is contributed by a professional community of M&A and Private Equity experts. Each transaction, including the MARCOLIN deal, is systematically cross-verified by our team using private deal documents and official sources. You can also find the official press release for this transaction here: https://www.paipartners.com/mediaitem/marcolin-s-p-a-pai-partners-to-acquire-a-majority-stake-of-the-eyewear-manufacturer/

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Home Database Retail & ConsumerMARCOLIN

10/2012

PAI PARTNERS takes majority stake in MARCOLIN

ITALY Luxury Goods / Luxury Supply Chain EV 100M - 350M EUR

Context

PAI Partners entered into an agreement to acquire a majority stake (78,39%) in Marcolin from the founding Marcolin family, the Della Valle brothers, and Antonio Abete through a primary leveraged buyout transaction. The deal introduces a new controlling shareholder while maintaining strategic alignment with several historical shareholders, who will reinvest alongside PAI through the acquisition vehicle. The transaction is designed to support Marcolin’s next stage of international expansion and strengthen its position within the global licensed eyewear industry. The company benefits from a diversified portfolio of partnerships with leading luxury, fashion, and lifestyle brands, as well as an established commercial presence across key international markets. PAI intends to leverage this platform to accelerate geographic growth, deepen long-term relationships with major brand partners, and further expand the company’s licensing portfolio. Following completion of the acquisition, the investor plans to launch a tender offer for the remaining publicly traded shares as part of a process aimed at taking the company private.

MARCOLIN, which reported an EBITDA margin of LOGIN in 2011, is valued in this transaction at an EV/EBITDA multiple of LOGIN, representing a LOGIN to the average currently observed in the Retail & Consumer sector (11.3x).

Note that this data is based on contribution from our growing community, composed of M&A and Private Equity professionals, and has been verified by our team to ensure its accuracy.

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Target

Marcolin is an Italian eyewear manufacturer specialized in the design, development, production, and distribution of optical frames and sunglasses under license for international luxury, fashion, and lifestyle brands. The company holds a recognized position within the global eyewear industry, a market characterized by significant barriers to entry driven by design capabilities, manufacturing expertise, specialized distribution networks, and long-term brand partnerships. Founded in 1961 and headquartered in Longarone, Italy, Marcolin operates an integrated platform spanning the entire value chain, from product development and manufacturing to marketing, logistics, and international distribution. The company manages a diversified portfolio of premium and luxury brand licenses, enabling it to address multiple segments of the global eyewear market. Marcolin maintains an extensive international footprint through commercial subsidiaries, regional offices, and distribution networks across Europe, North America, Latin America, and Asia. This global infrastructure allows the company to serve key consumer markets efficiently while supporting the international growth strategies of its brand partners.

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List of similar M&A transactions (Date, Acquirer, Target, Country, Sector, Deal Context)
Date	Acquirer	Target	Country	Sector	Deal Context
09/2025	VSP VISION	MARCOLIN	ITALY	Luxury Goods	VSP Vision has completed the acquisition of Marcolin S.p.A. from PAI Partners and minority shareholders. The transaction represents a major consolidation move in the global eyewear industry and aligns with VSP Vision’s strategy to strengthen its presence across the full optical value chain, combining vision care services, eyewear distribution, and manufacturing capabilities. The acquisition enhances VSP Vision’s integrated eyewear platform alongside its existing Marchon Eyewear business, creating stronger industrial scale, broader brand portfolio coverage, and deeper global sourcing and product development capabilities. For PAI Partners, the sale concludes a long-term investment cycle during which Marcolin was transformed into a global standalone eyewear platform with expanded international reach, stronger brand positioning, and upgraded industrial and operational capabilities. Overall, the transaction reflects ongoing consolidation in the eyewear sector, driven by global brand portfolios, vertical integration, and multi-channel distribution strategies.

REFERENCES

Valuation range: EV 100M - 350M EUR

Revenue range: 150M - 250M EUR

EBITDA range: 25M - 50M EUR

Note: This page provides detailed data on a private equity M&A transaction. Detailed and exact financial metrics for the acquisition of MARCOLIN by PAI PARTNERS are reserved for mynth community members. Register for free to unlock full data.

Authors: verified mynth contributor (mynth data is contributed by M&A / PE professionals and systematically cross-verified with private deal documents and official press releases).

Press release: view release

Target: marcolin

Acquirer: pai partners