HIG Capital and Charlesbank Capital Partners have sold their interest in Vision Source, a division of TLC Vision to an investor consortium led by Brazos Private Equity Partners.
HIG Capital and Charlesbank Capital Partners acquired their stake in Vision Source in May 2010 when they purchased TLC Vision, a Minneapolis based eye-care services company.
Vision Source is an independent optometric franchising organisation with a network of more than 2,300 franchises across Canada and all 50 US states. The Company offers its members attractive purchasing power, practice management assistance and professional development. Led by an experienced management team, Vision Source has grown revenue and earnings each year since they began operations.
