SKADDEN ON KINETIC ACQUISITION

14 Jul, 2011

Kinetic Concepts to Be Acquired by Private Equity Consortium for $6.3 Billion

 

 

Skadden is representing Kinetic Concepts, Inc. (KCI) in its $6.3 billion acquisition by a consortium of funds advised by Apax Partners, together with controlled affiliates of Canada Pension Plan Investment Board and the Public Sector Pension Investment Board, announced on July 13.

Texas-based KCI is a global medical technology company that develops, manufactures and markets therapies and products for the wound care, tissue regeneration and therapeutic support system markets.

Apax, along with the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board, will pay Kinetic Concepts, Inc. (KCI) shareholders $68.50 per share, according to the terms of the deal.

Skadden is not the only firm to be involved in this deal; Simpson, Thacher & Bartlett is acting as lead counsel to the investment consortium, Kirkland & Ellis partners, Jay Ptashek and Josh Korff, are advising the group on the deal’s financing and Epstein Becker & Green is serving as health care regulatory counsel for the buyers, according to AM Law.

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