Lender Fights TLC Vision's Charlesbank Deal

Law360, New York (February 12, 2010, 2:30 PM EST) -- One of TLC Vision Corp.'s prepetition lenders has launched a challenge to the eye care company's asset purchase agreement with Charlesbank Capital Partners LLC, arguing that the debtors should ditch the deal in favor of a “superior” offer by a unit of private investment firm H.I.G. Capital.

In a filing Thursday in the U.S. District Court for the District of Delaware, Dunkirk Investments 1 LLC said H.I.G. Middle Market LLC's proposal to serve as plan sponsor would provide “a greater economic recovery to the debtors' creditors...
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