The firm is representing Kinetic Concepts, Inc. (“KCI”), a portfolio company of Apax Partners, Canada Pension Plan Investment Board and Public Service Pension Plan of Canada, in its acquisition of the wound care business of Systagenix Wound Management Mezz B.V. (“Systagenix”) from One Equity Partners LLC for approximately $485 million in cash on a debt free basis. The transaction, which is subject to customary closing conditions, including regulatory approvals, is expected to close in the fourth quarter of 2013.
KCI is a global medical device leader devoted to understanding, developing and commercializing innovative, high-technology transformational healing solutions for customers and patients around the world. Systagenix is a leading global medical technology company devoted to the development, manufacture and marketing of innovative, high-technology therapies and products for the wound care markets.
The Simpson Thacher team includes: Ryerson Symons, Daeyna Grant, Shih-Chi Pan and Kai Fan (M&A); Brian Robbins and Daniel Avezbaki (Executive Compensation and Employee Benefits); Gary Mandel and Sophie Staples (Tax); Mike Isby (Environmental); David Vann, Michael Naughton, Kenneth Ehrhard and Étienne Renaudeau (Antitrust); Krista McManus (Real Estate); and Lori Lesser and Samantha Himelman (Intellectual Property). Summer Associate Matthew Leighton also provided valuable assistance.
