Private equity deals

May 25, 2012, 6:01 PM UTC

Apollo Global Management has completed its previously-announced $7.15 billion acquisition of the exploration and production unit of El Paso Corp. Other investors included Riverstone Holdings, Access Industries, Korea National Oil Corp. In related news, the divestiture paved the way for Kinder Morgan to complete its $20 billion acquisition of remaining El Paso’s assets.

Madison Dearborn Partners has acquired Things Remembered Inc., a Highland Heights, Ohio-based operator of personalized gift retailers, from Bruckmann, Rosser, Sherrill & Co. and GB Merchant Partners for $295 million.

Nordic Capital has agreed to acquire Finnish department store chain Tokmanni Group from CapMan and other shareholders. No financial terms were disclosed.

Water Street Healthcare Partners has agreed to acquire Breg Inc., the sports medicine business unit of Orthofix International (Nasdaq: OFIX). The deal was valued at $157.5 million.

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