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Evercore Partners is paying $45 million to acquire a 45% non-controlling interest in ABS Investment Management. ABS Investment is an equity long/short hedge fund-of-funds manager. The deal is expected to close during the fourth quarter of this year.

PBF Energy Inc., which is backed by buyout shops Blackstone Group and First Reserve Corp., has filed with regulators to raised up to $100 million in an initial public offering. The company, based in Parsippany, New Jersey, is a petroleum refiner. Citigroup, Morgan Stanley, Credit Suisse and Deutsche Bank Securities are underwriting the IPO, Reuters said.

Yellow Media Inc., the publicly traded Canadian Internet company, is selling its online classified business – LesPAC Inc. – for $72.5 million. The buyer is Mediagrif Interactive Technologies Inc. The cash deal is effective immediately, the company said in a written release.

Boston-based Webster Capital has added Robert Long as a senior general partner. Long worked previously to build a senior and mezzanine debt business for Allied Capital, which merged into Ares Capital in April 2010. Earlier in his career, Long worked for Montgomery Securities/Banc of America Securities and Nomura Securities.

Buyout shop Permira is selling 6.4% stake in Hugo Boss, Reuters reported. The firm said the planned sale was not part of a plan to exit the fashion company. The Red & Black holding company, controlled by Permira, intends to sell 4.5 million preference shares in Hugo Boss via an accelerated bookbuild process, Reuters wrote.

Morgan Stanley's Asia private equity arm is in talks to buy China’s HCP Holdings Inc., Reuters wrote Monday. The company could be valued at around $500 million, Reuters wrote. Morgan Stanley’s buyout arm aims to buy about 80% of the packaging company.

BioAmber Inc., a renewable chemical company backed by NAXOS Capital Partners, Mitsui & Co. Venture Partners and Sofinnova Partners, has filed to raise up to $150 million in an initial public offering. The company posted a loss of $10.8 million in the first half of 2011, Reuters reported Monday.

Reuters reported this weekend that buyout firms including Kohlberg Kravis Roberts & Co. and TPG Capital are mulling the purchase of a minority stake in Yahoo. The firms are reportedly looking to buy stakes of up to 20%. The firms have signed confidentiality agreements with Yahoo.

Buyout firm Highstar Capital is exploring the sale of water and wastewater company Utilities Inc., whose value is seen at about $500 million, Reuters wrote. New York-based Highstar acquired Utilities Inc. from Dutch utility Nuon in April 2006.

Greene Holcomb & Fisher has named Phil Smith a managing director and senior member of the firm’s healthcare team, the firm announced Friday. Greene Holcomb & Fisher is a middle-market investment banking firm with offices in Minneapolis, Seattle and Phoenix.