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. www.essexwoodlands.com

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 disclosed.www.aaipharma.com

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. www.carlyle.com

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. www.legentclearing.com

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 disclosed.www.security-glazing.com

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 position.www.jonesfrank.com

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. www.logicmark.com

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