Iris Dorbian
Meritage Midstream Services, which is backed by Riverstone Holdings, said Tuesday that it has acquired Thunder Creek Gas Services from Devon Energy Corp. and PVR Partners. No financial terms were disclosed. Evercore Partners served as sole financial advisor for the transaction, which closed on August 19, 2013. Thunder Creek Gas Services owns and operates natural gas gathering, treating and processing assets in Wyoming's Powder River Basin.
TetraLogic Pharmaceuticals said Monday that it has made changes in its leadership team. J. Kevin Buchi has been named president and CEO while Pete A Meyers and Lesley Russell have taken over as CFO and COO respectively. Buchi will be replacing John M. Gill, who will continue to serve on TetraLogic's board of directors. Based in Malvern, Penn., TetraLogic is a biopharmeceutical company. It is backed by Clarus Ventures, HealthCare Ventures, Quaker Partners, Novitas Capital, Nextech Invest Ltd, Hatteras Venture Partners, Pfizer Ventures, Latterell Venture Partners, the Vertical Group, Amgen Ventures and Kammerer Associates.
LA-based private equity firm Marlin Equity Partners said Monday that it has acquired WorkOasis and merged it with Verisae, a Marlin portfolio company. No financial terms were disclosed. WorkOasis is a provider of vendor and maintenance management software while Verisae is a provider of SaaS solutions for companies in the grocery, specialty retail and food service industries.
RE/MAX, a Denver-based real estate brokerage franchise that is backed by Weston Presidio, said Monday that it has filed for an IPO. Although no financial terms were disclosed on the company's news release, other outlets report that the amount raised for the IPO to be $100 million. Morgan Stanley, BofA Merrill Lynch and J.P. Morgan will serve as lead underwriters while Perella Weinberg Partners is advising RE/MAX.
GMT Communications Partners has hired Jonny Maxwell as senior advisor. Previously, Maxwell served as global head of private equity fund of funds at Allianz Private Equity Partners. GMT Communications Partners is a Europe-based private equity firm focused on the media, information, entertainment and telecommunications sectors.
Darby Overseas Investments, the private equity division of Franklin Templeton Investments, said Monday that it has named Roberto Velarde as managing director of Latin America private equity. Velarde, who will be based in the company's Washington, D.C. office, will report to Darby President and CEO Richard H. Frank. Prior to joining Darby, Velarde was managing director and chief investment officer at Grupo Inder.
Edwards Group Limited, which is backed by CCMP Capital, has entered into an agreement to be acquired by Atlas Copco Group for approximately $1.6 billion. The transaction is expected to close in the first quarter of 2014. Barclays and Lazard served as financial advisors to Edwards on the transaction. Based in the UK, Edwards Group is a provider of vacuum products.
St. Jude Medical, a St.Paul, Minnesota-based provider of medical devices, said Monday that it has acquired Endosense for an initial payment of $170 million. St. Jude Medical will also pay an additional $161 million for the acquisition. BofA Merrill Lynch is serving as financial advisor to St. Jude Medical for the transaction while Perella Weinberg Partners is advising Endosense. Based in Geneva, Switzerland, Endosense, is a medical technology company focused on treating cardiac arrhythmias. It is backed by Edmond de Rothschild Investment Partners, NeoMed Management, Gimv, VI Partners, Sectoral Asset Management, Ysios Capital Partners, Initiative Capital Romandie and NGN Capital.
Whistler Energy has acquired two oil and natural gas producing blocks in the Gulf of Mexico from Exxon Mobil and W&T Offshore for more than $110 million. The financing for the buy was provided by Apollo Global Management, Freepoint Commodities and Summit Partners Credit Advisors. Evercore served as Freepoint's exclusive financial advisor for this transaction.
FrontStream Payments, a provider of payment and donor products backed by Arsenal Capital Partners, said Monday that it has acquired GiftWorks. No financial terms were disclosed. Headquartered in Lancaster, Penn., GiftWorks is a provider of fundraising management tools and services for charities.