Charlesbank Capital Partners and H.I.G. Capital Acquire TLCVision

Charlesbank Capital Partners and H.I.G. Capital announced that TLCVision has officially emerged from Chapter 11 as a newly reorganized, private company. In accordance with the company’s Plan of Reorganization, confirmed by the U.S. Bankruptcy Court on May 6, 2010, affiliates of Charlesbank and H.I.G. have acquired substantially all the assets of the company, including 100% of the equity of TLC USA and the Company’s six refractive centers in Canada.
James B. Tiffany, President and Chief Executive Officer of TLCVision, stated, “This is an exciting day for TLCVision. We have successfully completed our financial restructuring in just five months, and we exit Chapter 11 with a healthier balance sheet and an improved cost structure. We look forward to teaming with our new partners, Charlesbank and H.I.G. With their involvement, we are now better positioned both competitively and financially to take advantage of opportunities within our markets and to achieve our true growth potential.”
Continued Mr. Tiffany, “I want to thank our employees, who worked tirelessly during the reorganization process to ensure our success, and our surgeons and over 5,000 optometrists, who continue to support TLC. Lastly, I offer a special thanks to our outgoing directors and advisors for their valuable guidance and encouragement throughout the process.”

Courtesy of the doctors at Shady Grove Eye and Vision Care; Optometrists, Ophthalmologists and Opticians serving Rockville, Potomac and Gaithersburg Maryland suburbs of Washington, DC.  For more information visit youreyesite.com

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