Optical Prism January 2016 - Page 42

Glimpses SUPERIOR VISION TO BE ACQUIRED BY CENTERBRIDGE PARTNERS Superior Vision Corporation (“Superior Vision”), a leader in managed vision care, announced that it has entered into an agreement to be acquired by Centerbridge Partners, L.P., (“Centerbridge”), a leading private investment firm, from Nautic Partners, LLC (“Nautic”). The company is presently owned by Nautic and management. Superior Vision is a comprehensive eye care company with membercentric solutions for the group, Medicare and Medicaid markets. The company serves more than 11 million members and supplies access to the broadest and most diverse eye care provider network in the industry. Superior Vision's unique network covers each market segment, including specialized eye care chains, mass-market retailers, boutique retailers, and independent vision care providers. “We are excited to partner with Centerbridge,” said Kirk Rothrock, CEO of Superior Vision. “We have delivered outstanding growth by 38 Optical Prism | January 2016 providing our members superior service, access and choice. Centerbridge’s expertise in healthcare and financial services and its track record of partnership with its portfolio companies will help us continue to create long-term sustainable value. We look forward to building on our successes with our new investors,” Rothrock concluded. Dan Osnoss, Managing Director of Centerbridge, said, “We look forward to supporting the company and its management team through its next phase of growth and development. As a leading independent vision managed care company, Superior Vision is well positioned for continued expansion in both the commercial group and government pay markets.” The transaction is expected to close following the satisfaction of customary closing conditions and approvals by the end of the first quarter of 2016. Houlihan Lokey acted as financial advisor and Locke Lord acted as legal counsel to Superior Vision. Macquarie Capital (USA) acted as financial advisor and Willkie Farr & Gallagher acted as legal counsel to Centerbridge. RANDOLPH ENGINEERING, INC. APPOINTS NEW VICE PRESIDENT OF GLOBAL SALES Randolph Engineering, Inc., known for its handcrafted American eyewear, has announced the promotion of Nathan Kerzner to Vice President of Global Sales. Kerzner previously held the rolve of General Manager of North American Lifestyle Sales, where he gained optical trade knowledge necessary for his role at the company. In his new position, Kerzner will be responsible for overseeing Randolph’s strong global distribution network, as well as strategically aligning the goals and initiatives of the Randolph brand. Kerzner is an accomplished sales professional with international trade experience in his past endeavors. “We are thrilled to have Nate take the leading role of global sales here