MidOcean Takes Pre-Paid Legal Private
July 1, 2011- Share:
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.
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