CAE Healthcare Acquires Meti

CAE Healthcare, a division of CAE Inc., acquired Medical Education Technologies, Inc. (METI) for US$130 million.

CAE Inc. is based in Montréal. The company has sites and training locations in over 20 countries.
METI is based in Sarasota, Florida and has operations in Hungary and Germany. The company develops simulators and other learning tools that help educate and train doctors, nurses, first responders and military medics by providing a learn-ing platform that allows students and practitioners to practice medical procedures in test environments. METI simulators are designed to mimic human medical scenarios including trauma, heart attack, drug overdose and the effects of bioter-rorism. They include baby, pediatric and adult models.

CAE issued US$150 million of senior notes in a private placement to fund the METI acquisition and to replace other ex-isting obligations at lower interest costs.

CAE Healthcare's in-house team was led by Hartland Paterson, Vice President, Legal, General Counsel and Corporate Secretary of CAE Inc., together with Nathalie Forcier and George Kintzos. DLA Piper LLP(US) served as external counsel for CAE Healthcare. The DLA Piper team on the METI purchase was led by Jay Smith and Penny Minna.

McDermott Will & Emery LLP served as counsel for METI. The McDermott Will & Emery team was led by Andrew McCune and Christopher Lin. Baird Capital Partners, the US-based buyout fund of Baird Private Equity, initially pur-chased METI in October 2008.

For the US$150 million financing, CAE Inc. was represented by Hartland Paterson internally and by DLA Piper's Leeann Kelly-Judd. The senior note buyers were represented by King & Spalding LLP's Carolyn Alford and Tyler Wolf.


George Kintzos Hartland J.A. Paterson Nathalie Forcier R.W. (Jay) Smith


McDermott, Will & Emery King & Spalding