Term Sheet

The latest on private equity, M&A, deals and movements — from Wall Street to Silicon Valley

Private equity deals

November 2, 2012: 10:10 AM ET

Advance Auto Parts Inc. (NYSE: AAP) has hired The Blackstone Group to advise on a possible sale of the company, according to Reuters. Several private equity firms have expressed interest in the company, whose market cap rose on the news to more than $5.8 billion. www.advanceautoparts.com

Bravia Capital, a Hong Kong-based private equity firm, is in talks to invest an undisclosed amount into discount Indian airline SpiceJet Ltd. www.spicejet.com

The Sterling Group has completed its previously-announced acquisition of Dexter Axle from Tomkins Industries Inc., a unit of Pinafore Holdings BV. No financial terms were disclosed. Dexter Axle is an Elkhart, Ind.–based manufacturer of trailer axle, brake and suspension assemblies and related replacement parts and components. www.tomkins.co.uk

Wind Point Partners has acquired Hilex Poly Co., a Hartsville, S.C.–based maker of plastics bags, from TPG Growth. No financial terms were disclosed for the deal, which we first reported last week based on an FTC filing. www.hilexpoly.com

Wind Point Partners has completed its previously-announced acquisition of Shearer's Foods, a Massillon, Ohio-based maker of kettle chips and other private-label salty snacks, from Mistral Equity Partners. No financial terms were disclosed. In related news, Sara Lee-North America CEO C.J. Fraleigh has become chairman and CEO of Shearer's. www.shearersfoodsinc.com

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About This Author
Dan Primack
Dan Primack
Senior Editor, Fortune

Dan Primack joined Fortune.com in September 2010 to cover deals and dealmakers, from Wall Street to Sand Hill Road. Previously, Dan was an editor-at-large with Thomson Reuters, where he launched both peHUB.com and the peHUB Wire email service. In a past journalistic life, Dan ran a community paper in Roxbury, Massachusetts. He currently lives just outside of Boston.

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