PE-backed Davis Petroleum Acquisition and Yuma Energy to merge

By Stephanie Rogan — 9 hours ago

Private equity-backed Davis Petroleum Acquisition Corp, an oil and gas company, and publicly traded Yuma Energy Inc agreed to merge in an all-stock transaction. Upon completion of the merger, Davis will become a wholly owned subsidiary of Yuma. Houston-based Davis is backed by Evercore Capital Partners, Red Mountain Capital Partners, and Sankaty Advisors.

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OMERS Private Equity sells Marketwired to Nasdaq

By Stephanie Rogan — 14 hours ago

OMERS Private Equity, the private equity arm of the Ontario Municipal Employees Retirement System, sold Toronto-based Marketwired LP, a press release distribution service, to Nasdaq Inc. Financial terms were not disclosed. BMO Capital Markets served as financial advisor. Morrison & Foerster and Stikeman Elliott acted as legal counsel.

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Argosy buys Nationwide Industries for $22.2 mln

By Stephanie Rogan — 14 hours ago

P&F Industries Inc sold Nationwide Industries Inc, a hardware manufacturer based in Tampa, Florida, to a subsidiary of Argosy Private Equity, a division of Argosy Capital. The purchase price was approximately $22.2 million, subject to working capital adjustment.

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Varsity Healthcare sells Forefront Dermatology to OMERS

By Stephanie Rogan — 1 day ago

Varsity Healthcare Partners sold its majority stake in Forefront Dermatology to OMERS Private Equity, the private equity arm of the Ontario Municipal Employees Retirement System. Varsity Healthcare invested in Forefront Dermatology, a provider of practice management services to dermatology clinics, in May 2014.

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Intervale Capital forms Entegra

By Stephanie Rogan — 1 day ago

Intervale Capital invested alongside a veteran management team to form Entegra LLP. The new company provides in-line inspection services to the energy industry and operates out of Houston, Indianapolis, and Toronto. Financial terms were not disclosed.

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Blackstone backs Clarion Offshore Partners formation

By Luisa Beltran — 2 days ago

The Blackstone Group said Thursday it has committed an undisclosed amount to the formation of Clarion Offshore Partners LLC. The former executive management team at Pride International — including Louis Raspino, Greg Looser, Kevin Robert, and Ron Toufeeq – are leading Clarion, a Houston-based provider of financial, strategic and operational solutions to the challenged offshore drilling and services industry.

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Trilantic North America buys minority stake in 24-7 Intouch

By Luisa Beltran — 2 days ago

Trilantic North America has acquired a minority stake in 24-7 Intouch Inc. Financial terms weren’t announced. Greg Fettes and Jeff Fettes, who founded 24-7 Intouch in 2000, will remain the majority shareholders and continue to lead the company. 24-7 Intouch, of Winnipeg, Manitoba, provides customer support services in North America and Guatemala. Robert W. Baird & Co. advised 24-7 Intouch. Fillmore Riley LLP provided legal advice to 24-7 while Kirkland & Ellis LLP advised Trilantic.

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