Highland Rim Capital Acquires I-deal Optics from Main Street Capital Holdings

Main Street Capital Recapitalizes I-deal Optics

December 22, 2021

Consumer Products

Main Street Capital Holdings, LLC completed a recapitalization of its portfolio company I-deal Optics, Inc. in partnership with the company's management to provide liquidity and support continued growth. I-deal Optics is a wholesale supplier of prescription eyeglass frames with national reach and a diverse brand portfolio.

Oakley Capital Origin Fund I Acquires Majority Stake in Horizons Optical

March 18, 2024

Medical Devices

Oakley Capital Origin Fund I is acquiring a majority stake in Horizons Optical from Sherpa Capital, with CEO Santiago Soler retaining a significant share and remaining CEO. Horizons, founded in Barcelona in 2017, provides proprietary medical software and scanning equipment used by independent laboratories and opticians to manufacture premium bespoke spectacle lenses; Oakley will support international expansion and R&D, and invest in Sales & Marketing to accelerate growth.

Sole Source Capital Acquires Peak Technologies (Peak-Ryzex) and Optical Phusion (OPI)

April 9, 2021

Industrial Services

Sole Source Capital LLC acquired Peak Technologies (formerly Peak-Ryzex) from Keystone Capital and Optical Phusion Inc. from its founders, then merged the two AIDC and factory automation providers under Peak's leadership. The combined business aims to create a larger AIDC/automation platform, capture technological and operational synergies, and expand cross-selling opportunities across retail, grocery, healthcare and industrial end markets.

Luxium Solutions Acquires Inrad Optics

April 9, 2024

Manufacturing

Luxium Solutions, an affiliate of private equity firms SK Capital Partners and Edgewater Capital Partners, acquired Inrad Optics in an all-cash transaction valued at approximately $19 million (including assumed debt) and $1.10 per share. The deal, completed July 2, 2024, makes Inrad a privately held, U.S.-controlled business and is intended to expand Luxium's optics and photonics manufacturing capabilities and capacity.

EssilorLuxottica Acquires Optical Investment Group (Romania)

July 30, 2024

Retail

EssilorLuxottica has agreed to acquire the entire share capital of Optical Investment Group (OIG), Romania’s leading optical retailer, from Innova/6 (an Innova Capital fund) and a group of individual minority shareholders. OIG operates 99 stores under the OPTIblu, Optiplaza and O51 banners, with over 650 employees; the transaction is expected to close in Q4 2024 subject to regulatory approvals.

Beverly Capital Acquires The Eye Health Group

February 12, 2021

Healthcare Services

Los Angeles-based private equity firm Beverly Capital has acquired The Eye Health Group, a New Jersey-based optometric service provider. Everside Capital Partners and Merion Investment Partners provided subordinated debt and equity support for the transaction; the seller will remain invested and management will continue to operate the business as the investors pursue a roll-up strategy across the Northeast.