The firm is representing Apax Partners, Canada Pension Plan Investment Board and the Public Sector Pension Investment Board in their acquisition of Kinetic Concepts, Inc. (NYSE:KCI) for $68.50 per share in cash. The transaction is valued at approximately $6.3 billion, including KCI’s outstanding debt. The transaction, which is subject to customary closing conditions, including the approval of KCI’s shareholders and regulatory approvals, is expected to close in the second half of 2011.
KCI is a leading global medical technology company devoted to the discovery, development, manufacture and marketing of innovative, high-technology therapies and products for the wound care, tissue regeneration and therapeutic support system markets.
The Simpson Thacher team includes: Robert Spatt, Ryerson Symons, Anthony Vernace, Sean Crnkovich, Aby Castro and Joia Lee (M&A), Gary Mandel and Sean Austin (Tax), Brian Robbins and Craig Katerberg (Executive Compensation and Employee Benefits), Lori Lesser, Jonathan Sanders and Deanne Cevasco (Intellectual Property) Mike Isby (Environmental), Joyce Xu, Sunny Cheong and Matthew Rogers (Derivatives), John Lobrano (Capital Markets), and David Vann, Joe Tringali, Kimberly Hamm, Michael Naughton and Jane Lee (Antitrust).