VSP Vision in Advanced Talks to Buy PAI-Backed Eyewear Firm Marcolin

VSP Vision, the owner of Marchon Eyewear, is in advanced talks on a potential acquisition of Italian eyewear manufacturer Marcolin SpA, according to people familiar with the matter.

US-based VSP Vision is negotiating final terms of a deal and aims to reach an agreement in the coming weeks, the people said, asking not to be identified because the information is private. Marcolin’s private equity owner PAI Partners has been seeking a valuation of more than €1 billion ($1.2 billion) for the business, according to the people.