MidOcean Partners has completed its $650 million take-private buyout of Pre-Paid Legal Services (NYSE: PPD). The PE firm paid Pre-Paid Legal shareholders $66.50 per share. Debt financing was provided by Macquarie Capital. Pre-Paid Legal provides access to legal services and identity theft protection and restoration services through a network of independent law firms. Rip Mason, a management affiliate of MidOcean, has been named the company's new CEO.