M&A Deal Summary

Acelity Acquires Kinetic Concepts

On September 3, 2014, Acelity acquired medical products company Kinetic Concepts from Apax, PSP Investments and CPP Investments

Acquisition Highlights
  • This is Acelity’s 3rd transaction in the Medical Products sector.
  • This is Acelity’s 2nd transaction in the United States.
  • This is Acelity’s 1st transaction in Texas.

M&A Deal Summary

Date 2014-09-03
Target Kinetic Concepts
Sector Medical Products
Buyer(s) Acelity
Sellers(s) Apax
PSP Investments
CPP Investments
Deal Type Add-on Acquisition

Target

Kinetic Concepts

San Antonio, Texas, United States
Kinetic Concepts, Inc. is a developer and marketer of an innovative medical devices for advanced wound healing and therapeutic treatment systems that address skin breakdown, pulmonary complications, and circulation problems associated with patient immobility. KCI's medical devices and therapeutic systems include V.A.C.® Therapy Systems, as well as specialty beds, mattress replacement systems, wheelchair seating, and related devices. KCI serves hospitals, nursing homes, and home care settings both in the U.S. and abroad.

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Buyer(S) 1

Buyer

Acelity

San Antonio, Texas, United States

Category Company
Founded 1976
Sector Medical Products
Employees5,700
DESCRIPTION

Acelity is a wound care and regenerative medicine company created by uniting the strengths of three companies, Kinetic Concepts, Inc., LifeCell Corporation and Systagenix Wound Management, Limited. Acelity was formed in 1976 and is based in San Antonio, Texas.


DEAL STATS #
Overall 3 of 5
Sector (Medical Products) 3 of 5
Type (Add-on Acquisition) 1 of 2
State (Texas) 1 of 1
Country (United States) 2 of 3
Year (2014) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-03 Systagenix Wound Management

Gatwick, United Kingdom

Systagenix Wound Management Ltd. is a provider of advanced wound care market and develops, manufactures and markets products in approximately 50 countries worldwide.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-12-01 Spiracur - SNaP Therapy System

United States

Spiracur - SNaP Therapy System is a provider of disposable negative pressure wound therapy line of products.

Buy -

Seller(S) 3

SELLER

Apax

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1981
PE ASSETS 77.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Apax Partners is a mega-sized private equity investment group, operating across the United States, Europe, Israel and Asia. Broad industry sectors of interest include tech & telecom, media, retail & consumer, healthcare, financial services, and business services. Apax will consider both minority and majority investment positions and prefers companies with strong market positions and growth potential. The Firm generally pursues platform acquisitions valued from $1 to $5 billion. Apax Partners was formed in 1981 and is based in London.


DEAL STATS #
Overall 97 of 171
Sector (Medical Products) 4 of 8
Type (Add-on Acquisition) 39 of 59
State (Texas) 4 of 9
Country (United States) 39 of 63
Year (2014) 7 of 10
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-11 Answers

New York, New York, United States

Answers Corp. is an operator of online Q&A site that is a community-generated social knowledge Q&A platform, leveraging wiki-based technologies. Through the contributions of its large and growing community, answers are improved and updated over time. Answers was founded in 1999 and is based in New York City.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-09-15 The TriZetto Group

Denver, Colorado, United States

The TriZetto Group develops, licenses and manages software solutions for the US health insurance industry. The TriZetto Group is based in Denver, Colorado.

Sell $2.7B
SELLER

PSP Investments

Investor Investor Investor Investor Investor


Category Pension
Founded 1999
PE ASSETS 19.4B CAD
Size Mega
Type Sector Agnostic
DESCRIPTION

PSP Investments is a Canadian pension manager focused on a variety of investment strategies including public equities, real estate, private equity, infrastructure, private debt, and natural resources. The Firm's private equity group looks to back funds as well as make direct investments in partnership with managers. PSP will consider opportunities globally and will invest across a broad range of sectors, including financials, consumer, industrials, healthcare, technology, communications, and energy. PSP Investments is based in Ottawa.


DEAL STATS #
Overall 1 of 8
Sector (Medical Products) 1 of 1
Type (Add-on Acquisition) 1 of 2
State (Texas) 1 of 1
Country (United States) 1 of 2
Year (2014) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-05-05 Learning Care Group

Novi, Michigan, United States

Learning Care Group is a provider of early childhood care and education services in the US. The company focuses on the care and education of children between the ages of six weeks and 12 years. Learning Care Group operates under five distinct brands: La Petite Academy, Childtime, Tutor Time, The Children’s Courtyard, and Montessori Unlimited. Learning Care Group was founded in 1967 and is based in Novi, Michigan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2014-12-23 Wittur

Scheibbs, Austria

Wittur is a distributor of components for the elevator industry. Core products include doors, safety components, and gearless drives, as well as cars, slings, counterweight frames, and hydraulic drives. Wittur was founded in 1968 and is based in Scheibbs, Austria.

Buy -
SELLER
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.


DEAL STATS #
Overall 3 of 15
Sector (Medical Products) 1 of 2
Type (Add-on Acquisition) 2 of 7
State (Texas) 2 of 4
Country (United States) 3 of 8
Year (2014) 3 of 3
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2014-08-12 Lulus

Chico, California, United States

Lulus is an online destination for chic and on-trend fashion, providing superior customer service, a carefully curated selection, and a personalized shopping experience. Lulus was founded in 1996 and is based in Chico, California.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-03-06 Liberty Living

London, United Kingdom

Liberty Living offers student accommodation in 21 cities across the UK and Europe, we provide all-inclusive student housing & flats up and down the country.

Buy -