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Lexington Home Brands, a furniture maker and portfolio company of Sun Capital Partners, has completed its acquisition of Sligh Furniture Company. Terms were not released. Sligh makes home office and entertainment furniture.

Mobile ad network Tapjoy Inc. has formed an advisory board. The board consists of Peter Yared, chief technology officer of CBS Interactive; Bernardo Hernandez, head of emerging products at Google; Razorfish CMO Jeff Lanctot; Arjun Sethi, CEO of LOLapps; GameStop director Shane Kim; Jim Elms, lead of global strategy and insights at UM; Matt Ocko, managing director of Archimedes Capital; and Tom Moss, chief executive of 3LM. San Francisco-based Tapjoy is backed by J.P.Morgan Asset Management, Rho Ventures, North Bridge Venture Partners, InterWest Partners and D.E. Shaw Ventures.

GlassHouse Technologies, a provider of cloud, virtualization, security and data center managed services, has pulled plans for an initial public offering, the company announced Tuesday. GlassHouse, which has raised money from investors including Sigma Partners, Kodiak Venture Partners, GrandBanks Capital, Globespan Capital Partners and Paladin Capital Group, cited volatile market conditions as the reason for nixing its IPO plans.

Alternative asset manager Investcorp completed the sale of its U.S. portfolio company Accuity Holdings for an aggregate enterprise value of $530 million, Reuters reported Tuesday. Investcorp said it has distributed $1.5 billion to clients from its four corporate investment portfolio exits over the last 18 months, Reuters wrote.

Bayside Capital Inc. announced Tuesday that is has completed the acquisition of the assets of Alexander Gallo Holdings, parent company to court reporting and litigation solutions companies Esquire Deposition Solutions and Sanction Solutions. Terms of the deal were not released. Esquire Deposition is based in Atlanta.

GE Capital, Healthcare Financial Services has provided a $10 million senior secured multi-draw term loan to InfraReDx Inc., a medical device company focused on coronary artery and other vascular diseases. The money will go toward product commercialization. InfraReDx is basd in Burlington, Mass.

Germany's SAP will pay $3.4 billion in cash to buy Web-based software company SuccessFactors, in a deal that helps the company compete in the realm of cloud computing, Reuters reported. SAP is paying $40 per share for SuccessFactors, a premium of 52% over both its Friday closing price and the one-month volume-weighted average price, Reuters wrote. SuccessFactors went public four years ago, and makes makes human resources software.

The Halifax Group has recapitalized K2 Industrial Services Inc., a provider of outsourced industrial maintenance services to refineries, petro-chemical and power generation facilities, among other companies. Terms of the deal were not released. UPDATE: K2 is a portfolio company of Capital Resources Group.

ThyssenKrupp is close to signing a deal with UK-based buyout shop Star Capital to sell the civilian shipbuilding businesses of its Blohm + Voss unit, Reuters reported Monday. Hamburg-based Blohm + Voss makes yachts for the rich as well as submarines and frigates.

The former management team of HSBC Capital has spun off to form the new firm, Graycliff Partners. Graycliff Partners will continue to manage and invest over $1 billion in commitments from existing funds, and will also continue its focus on private equity, mezzanine and real estate investments in the middle market of the United States and in Latin America, the firm said Monday.