CPPIB, PSP Investments and Apax partner in $6.3bn buyout

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CANADA/US - Apax Partners, the Canada Pension Plan Investment Board and the Public Sector Pension Investment Board have teamed up to purchase Kinetic Concepts in a $6.3bn deal.

The consortium agreed to pay $68.50 per share for the US-based medical device company. The firm reported revenues of $2bn in 2010. André Bourbonnais, senior vice president of private investments...

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