Rumors: Late bidder for Kinetic Concepts emerging?

August 16, 2011 by MassDevice staff

Bain Capital and Avista Capital Partners may be looking to snatch Kinetic Concepts from Apax Partners at the last minute, according to Bloomberg news service.

Kinetic Concepts

Shares of Kinetic Concepts Inc. (NYSE:KCI) are popping on Wall Street amid rumors that a last-minute bidder may be considering a bid for the company.

Two private equity titans, Bain Capital LLC and Avista Capital Partners LLC, are trying to raise money in order to best Apax Partners LLP's $6.3 billion bid to buy KCI, according to Bloomberg News Service.

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