CIVC Partners

The Miami-based firm has sold Thermo Fluids, an Arizona-based company which converts used oil to usable fuel, to an investor group led by CIVC Partners.

Thomas H. Lee and CIVC will reap a huge profit in the sale of TransWestern Publishing, a US yellow pages publisher, to London’s Yell Group.

In a $495m deal, New York’s Odyssey Investment Partners will acquire Norcross Safety Products from Trimaran Capital Partners, John Hancock Life Insurance Company and CIVC Partners.

The mid-market firm purchased the safety products company for $495m in 2005, and will exit its buy-and-build play through a sale to Canadian industrial supplies company Honeywell.

The alleged cover-up of poor performance at portfolio companies Freescale and FGIC are the main claims of the plaintiff, represented by a law firm that is filing a number of similar suits against major financial services firms.

The Cypress Group and Goldman Sachs Capital Partners have teamed to acquire a fluid, sealant and vibration control division of publicly traded Cooper Tire & Rubber. It is Cypress Group’s second major purchase in the automotive space in as many months.

US private equity firms raised $44bn in 2003, down 26 percent from $59bn raised by US general partner groups the year before 2002, according to research.

The US private equity firm, investing alongside Apollo and Goldman Sachs, has announced the purchase of water treatment provider Ondeo Nalco from Suez, the energy group.

The two equity houses have teamed up to share risk and reward in a $127m buyout of Singapore Telecommunications' directories business.