Apax Partners

Wound care product maker KCI agrees to $5 billion leveraged buyout

Kinetic Concepts has agreed to be acquired by the private equity group Apax Partners LLP for $4.98 billion in cash. The deal is the largest leveraged buyout since Lehman Brothers filed for bankruptcy at the start of the recession, Bloomberg News reported. Assumed debt will add about $1.3 billion to the KCI price tag.