Headlines

1-800 Contacts May Be Sold in $2B Deal, Reuters Reports

It’s currently owned by AEA Investors, a private equity firm.

Published

4 years ago

January 29, 2020

INVISION Staff

1-800 Contacts May Be Sold in $2B Deal, Reuters Reports

The owners of 1-800 Contacts Inc. are considering selling the business, Reuters reports.

AEA Investors, a private equity firm, has hired Goldman Sachs to help with the potential sale, according to the report.

1-800 Contacts may be valued at “more than $2 billion, including debt,” according to Reuters, which cited unnamed “people familiar with the matter.” The online contact lens retailer is based in Draper, UT.

Reuters reports that AEA representatives would not comment on a potential sale and 1-800 Contacts officials could not immediately be reached.

AEA bought a majority share of the firm in 2015 from Thomas H. Lee Partners.

1-800 Contacts announced plans in December to acquire 6over6 Vision Ltd. 6over6 offers a variety of vision test technologies, including retrieving optical parameters from existing lenses and measuring pupillary distance, enabling consumers to renew their prescriptions from anywhere.

Read more at Reuters

click to Comment(Comment)

Up Next

Acuity Eyecare Group Completes 12 Acquisitions in 4 States

Don't Miss

This Contact Lens Puts a Screen Display Directly in Your Eye

Crizal® Sapphire™ HR: Invisible Shield of Protection

Your patients’ main concerns of anti-glare, scratch resistance, and easiness to clean are covered. Crizal Sapphire HR, the latest and most advanced product in the Crizal No-Glare range, is now widely available across lab networks and through all major managed vision care providers. Crizal Sapphire HR is available with Essilor’s advanced lens designs such as Varilux® progressive lenses and Eyezen® enhanced single vision lenses. Click here to learn more. *External laboratory tests and internal technical tests – 2020. Compared to the competitor most known lens-brands by consumers (2019 external brand tracking in 11 countries). The word ’overall’ refers to anti-reflective coatings important criteria, ranked through an external quantitative consumer study – 2019.