Bain, Others Seek Cash for Kinetic Concepts, Inc. Bid

Bain Capital LLC and Avista Capital Partners LLC are seeking financing for what the private-equity firms hope will be a takeover bid for Kinetic Concepts Inc. /quotes/zigman/341876/quotes/nls/kci KCI -0.90% that tops Apax Partners LLP’s $5 billion offer, Bloomberg News reported Tuesday, citing two people familiar with the plan. Bain and Avista -- the latter owns ConvaTec Inc., which, like Kinetic, makes wound-care products -- might submit an offer as early as next week, one of the sources told Bloomberg. Goldman Sachs Group Inc. /quotes/zigman/188479/quotes/nls/gs GS -3.32% , Deutsche Bank AG /quotes/zigman/207002/quotes/nls/db DB -6.78% , Citigroup Inc. /quotes/zigman/5065548/quotes/nls/c C -7.87% and Jefferies Group Inc. /quotes/zigman/188140/quotes/nls/jef JEF -4.70% are in talks to arrange the financing, the people said.

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