By Joshua Franklin and Greg Roumeliotis
By Joshua Franklin and Greg Roumeliotis
NEW YORK, Jan 24 (Reuters) – Personal fairness agency AEA Traders is exploring a sale of 1-800 Contacts Inc that would worth the U.S. contact lens retailer at greater than $2 billion, together with debt, based on folks accustomed to the matter.
AEA has employed Goldman Sachs to handle the method, the sources stated, who requested anonymity as a result of the matter is personal.
Draper, Utah-based 1-800 generates slightly below $150 million in 12-month earnings earlier than curiosity, taxes, depreciation and amortization (EBITDA), the sources stated.
AEA and Goldman Sachs declined to remark. 1-800 Contacts didn’t instantly reply to a request for remark.
It will be the most recent deal within the U.S. eye care area, with Goldman Sachs Group Inc’s service provider banking unit final yr buying Capital Imaginative and prescient Providers LP, which manages MyEyeDr. optometry facilities.
The contact…