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July 13 (Bloomberg) -- Morgan Stanley is leading a group of banks funding Apax Partners LLP’s $6.3 billion purchase of Kinetic Concepts Inc., the biggest leveraged buyout since Lehman Brothers Holdings Inc. failure in September 2008.
Morgan Stanley, Bank of America Corp. and Credit Suisse Group AG have committed debt financing for the acquisition, San Antonio-based Kinetic said today in a statement distributed today by Business Wire.
The wound-care products maker has agreed to be taken private by Apax, the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board. Including outstanding debt, Kinetic said the deal is valued at roughly $6.3 billion.
--With assistance from Elizabeth Lopatto in New York. Editors: Pierre Paulden, Faris Khan
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