McDermott Advises Windjammer Capital and Hilco on the Acquisition of leading ready to wear glasses manufacturer – I NEED YOU
FRANKFURT, November 13, 2020 – McDermott Will & Emery advised Windjammer Capital and its portfolio company The Hilsinger Company Inc. (“Hilco”) on the add-on acquisition of I NEED YOU The Frame Company GmbH (“I NEED YOU”).
The new partnership with Hilco will enable the further growth of I NEED YOU and allow access to new customers worldwide. The managing directors of I NEED YOU will keep their management positions as part of Hilco. Both companies will operate independently.
Headquartered in Hamburg, Germany, I NEED YOU is a leading manufacturer of ready-to-wear reading glasses. I Need YOU sells ready-to-wear eyewear, lenses and other accessories in more than 30,000 specialty stores in 65 countries.
Hilco, based in Plainville, Massachusetts, is the leading global distributor of branded and consumable professional eyecare products and optical accessories throughout the eye healthcare supply chain. The company is present with subsidiaries in the USA, Canada, Great Britain, Germany, Australia, China and the Netherlands. The company’s product range includes professional workshop equipment for opticians, ophthalmological equipment and accessories, eye protection, consumables and eyewear care products.
Windjammer Capital is a private equity investment firm, based in Newport Beach, CA and Waltham, MA that invests control equity in middle‐market businesses and in partnership with management in attractive niche markets. Since its founding in 1990, Windjammer Capital has managed over $2 billion of committed capital with respect to its control equity investment strategy, and has completed over 50 platform investments and more than 100 strategic add-ons.
The McDermott Team led by Dr. Michael Cziesla and Norman Wasse previously advised Hilco on Breitfeld & Schliekert GmbH and Lexxoo International.
McDermott Will & Emery partners with leaders around the world to fuel missions, knock down barriers and shape markets. With 21 locations on three continents, our team works seamlessly across practices, industries and geographies to deliver highly effective – and often unexpected – solutions that propel success. More than 1,200 lawyers strong, we bring our personal passion and legal prowess to bear in every matter for our clients and the people they serve.