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Guernsey Selected To Facilitate USD6.3bn Leveraged Buyout

Thursday, November 17, 2011

A number of Guernsey investment vehicles were employed in the structuring of the major, USD6.3bn acquisition of Kinetic Concepts Inc by a consortium of investment funds.

Channel Islands law firm Carey Olsen facilitated the Guernsey structuring, working on behalf of a consortium of funds advised by Apax Partners together with the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board.

KCI is a US-based medical device company focused on the design, manufacture and promotion of therapies and products for wound care, tissue regeneration and therapeutic support systems.

Carey Olsen partner Christopher Anderson, who advised on the Guernsey structuring of the deal, said: “Having worked with Apax for several years I have assisted in many high-profile, high-value transactions. However this deal also stands out because of the prominent role played by Guernsey entities in both the finance and acquisition structures - a very encouraging sign, particularly in the current global economic climate.”