Private equity deals

January 4, 2012, 8:48 PM UTC

Essex Woodlands has agreed to sponsor a spinout of Smith & Nephew’s biologics and clinical therapies division into a new orthopedic biologics company called Bioventus LLC. Essex Woodlands will hold a 51% stake in Bioventus, while Smith & Nephew will receive around $98 million in cash and a $160 million 5-year note from Bioventus.

Apollo Global Management and India’s Reliance Industries Ltd. are among those in talks to acquire the exploration and production unit of El Paso Corp. for around $8 billion, according to Bloomberg. El Paso is divesting the assets as part of its agreement to be acquired by Kinder Morgan.

AAIPharma Services Corp., a portfolio company of Water Street Healthcare Partners, has acquiredCelsis Analytical Services, a provider of material testing services for the pharma, biotech and manufacturing markets, from Celsis International Ltd. No financial terms were

The Carlyle Group has acquired a 48% stake in Bahcesehir Koleji, a Turkish provider of private nursery, primary and secondary school education. No financial terms were disclosed.

COR Securities Holdings, a financial services platform sponsored by COR Capital, has acquired Legent Clearing LLC, an Omaha, Neb.–based independent securities clearing firm. The deal increases Legent’s equity capitalization by an initial $20 million.

Grey Mountain Partners has acquired Global Security Glazing, a Selma, Ala.-based maker of institutional security, military and custom architectural glass and glazing products. No financial terms were

MidOcean Partners has acquired a majority equity position in Jones & Frank, a Raleigh, N.C.-based equipment distributor and services provider to the fueling infrastructure industry. No financial terms were disclosed. Former majority owner BB&T Capital Partners will retain an equity

Promus Equity Partners and Generation3 Capital have acquired certain assets of Logicmark LLC, a Fairfax, Va.–based maker of communication devices for the personal emergency response system market. No financial terms were disclosed.

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