Berkshire Partners LLC has sold National Vision, Inc. to KKR & Co.

National Vision, Inc. (NVI), a portfolio company of Berkshire Partners LLC, has been acquired by Kohlberg Kravis Roberts & Co. (KKR). Financial details have not been disclosed.

Founded in 1990 and based in Lawrenceville, Georgia, National Vision, Inc., doing business as America's Best Contacts & Eyeglasses, operates as an optical retailer in the USA and Puerto Rico.

Kohlberg Kravis Roberts & Co. is a private equity investment firm specializing in acquisitions, leveraged buyouts, management buyouts, special situations, growth equity, mature, distressed, and middle market investments. The firm considers investments in all industries with a focus on technology and hardware, consumer products and services industry, industry-leading franchises and companies in natural resource, energy and infrastructure assets, real estate, containers and packaging, commodity chemicals, airports, ports, forestry, textiles, apparel and luxury goods, household durables, leisure facilities, communications, media, insurance, brokerage houses, non-durable goods distribution, supermarket retailing, hospitals, entertainment venues and production companies, publishing, printing services, capital goods, financial services, and renewable energy.

Berkshire Partners LLC, founded in 1986 and is based in Boston, Massachusetts, is a private equity firm specializing in investments in late stage growth capital, expansion capital, middle market, special situations, leveraged buyouts, acquisitions, management buyouts, management recapitalizations, privatization, family business, industry consolidation, take private investments, turnarounds, corporate carveouts, and in companies experiencing stress from financial or operating issues.

One of Oaklins' teams in the USA served as advisor to the management team of NVI in connection with this transaction.