Private equity firm HIG Capital, LLC has completed the previously announced purchase of the Building Block Chemicals (BBC) division of Cytec Industries Inc (NYSE: CYT).   Based outside of New Orleans, BBC is a leading manufacturer of melamine, acrylonitrile and sulfuric acid, which are key intermediate chemicals critical for the

Private equity firm Francisco Partners (FP) has announced the final closing of Francisco Partners III, LP (FP III) with USD2bn of capital commitments. FP III closed at the target and hard cap of the fund. FP provides transformational capital to middle market information technology companies. Transaction structures include buyouts, divisional

 The Riverside Company sold Sentinel Performance Solutions Limited (Sentinel), a leading European supplier of residential heating and hot water system treatment products, to Electra Partners. The exit for a sale price of GBP43 million generated a combined 3x gross cash-on-cash return and a 22% gross IRR to Riverside and its

DynamicOps, a provider of private cloud automation software, has closed USD11 million in venture funding. The Series B round was led by Sierra Ventures, while Next World Capital participated, joining Credit Suisse’s Next II venture group in ownership. The company also added industry veterans Les Yetton and Paul Silver to its

Siemens AG’s Osram unit is acquiring Siteco Lighting GmbH from Barclays Private Equity for a low three-digit million euro amount. Siteco is a leading European lighting company with a worldwide workforce of 1250 and 2010 revenue of around EUR220 million. It supplies luminaires and lighting systems for urban infrastructures such

BlackRock, Inc and NTR plc have formed a strategic relationship agreement to launch a new renewable power investment group. This comprises a number of key renewable power principals from NTR joining the BlackRock Alternative Investors (BAI) investment platform, which currently manages over USD110 billion of assets across a range of

AXA Private Equity has signed an irrevocable agreement to acquire a strategic 10% equity stake in the CLH Group (Compañía Logística de Hidrocarburos) from DISA (DISA Financiacion SAU and Disa Peninsula SLU), the fifth largest service-station operator in Spain. With this acquisition, AXA Private Equity will become one of the

Osage University Partners has announced the final closing of Osage University Partners I, achieving its target fund size of USD100 million. The novel venture capital fund has affiliated with leading universities to make direct investments in their most promising startup companies. Osage University Partners has created a unique model through

HFF has closed the USD176 million sale of and arranged USD130 million in financing for three Class A office buildings totalling 1,065,628 square feet that are part of the Houston Galleria. HFF marketed the property on behalf of the seller, an affiliated entity of Walton Street Capital, L.L.C., and procured