3M Co. agreed to buy wound-care company Acelity Inc. from a consortium of private-equity firms for a total enterprise value of about $6.7 billion, including the assumption of debt. Acelity earlier this month filed for an initial public offering as KCI Holdings Inc., more than seven years after it was taken private by the group of investors, which includes Apax Partners, as well as Canadian pension giants Canada Pension Plan Investment Board and Public Sector Pension Investment Board.

Source: Wall Street Journal May 02, 2019 11:48 UTC