- National Vision, Inc. (AMEX: NVI) is a leading optical retailer with vision centers principally within Wal-Mart store locations with limited remaining lease terms
- The Board of Directors of NVI retained TM Capital to pursue strategic and financial alternatives which would enhance value and position the company for growth
- TM Capital negotiated the sale of NVI to Berkshire Partners for $7.25 per share, an enterprise value of $100 million, and a 300% premium to NVI’s share price before TM Capital’s retention
- TM Capital also assisted in negotiating the simultaneous acquisition of Consolidated Vision, arranged the related financing, and provided a fairness opinion to the Special Committee of the Board of Directors of NVI
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“Without TM Capital’s relentless commitment over many months, structuring skill, ability to think far outside the box and amazing roster of relationships, these transactions simply would not have happened. They have been instrumental in delivering a fairly remarkable transformation of our business. I am not sure anyone other than TM could have come up with such an elegant solution to our rather complex set of challenges in a way that made for concurrent wins to all stakeholders.””Reade Fahs, CEO, National Vision, Inc.