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Wilbur Ross plans to take International Automotive Components Group public this year and hired Bank of America Corp. and JPMorgan Chase & Co. to run the process, two people familiar with the matter told Reuters on Wednesday. IAC is a global supplier of automotive components and systems.

Apollo Investment Corp. plans to raise $150 million through a private placement of convertible notes and the firm plans to use the capital to fund investments and repay debt, Reuters reported. Apollo Investments will sell senior unsecured convertible notes due 2016. Initial purchasers of these notes will have an option to purchase up to $22.5 million more of the notes’ principal.

Apollo Management of New York and CVC Capital Partners Ltd. of London received European Union regulatory approval to acquire Brit Insurance, Reuters reported. The European Commission said the transaction did not raise any competition concerns because of their very small business overlaps. Brit Insurance accepted a buyout offer from the two private equity shops in October and the deal values the insurer at up to 888 million pounds ($1.4 billion).

Clairvue Capital Partners of San Francisco, Calif., hired Jeffrey Granoff as a principal. Granoff previously worked for Prudential Real Estate Investors as a principal of the Merchant Banking Group. He will open Clairvue’s New York City office. Granoff will focus on sourcing and executing investment opportunities for Clairvue Capital Partners I.

HIG Capital LLC of Miami, Fla., extended the tender offer for Matrixx Initiatives Inc. The new deadline is Jan. 31, at 5 p.m. The tender offer was previously scheduled to expire at 11:59 p.m. on Jan. 24. All other terms and conditions of the offer remain unchanged. HIG is seeking to acquire the Scottsdale, Ariz.-based maker of over-the-counter health care products, for a total of $75.2 million, or $8 a share.

Alerion Capital Group of Scottsdale, Ariz., recapitalized Kiosk Information Systems, which is a privately-held designer and maker of customized self-service kiosk systems, solutions and services. McGladrey Capital Markets served as exclusive financial adviser to KIOSK. Silicon Valley Bank provided senior debt and Peninsula Capital provided mezzanine debt, but specific financial details were not disclosed.

Warburg Pincus-backed Tornier B.V. expects to raise up to $183.8 million when it goes public on Nasdaq, which is lower than the $205 million initial public offering previously planned, Reuters reported. Tornier is a Netherlands-based medical device company. It expects its IPO of 8.8 million shares will be priced at the range of $19 to $21 each.

French cheese maker Bel is considering acquiring PAI Partners SAS’s 50 percent stake in yogurt-maker Yoplait, Reuters reported citing Le Figaro newspaper. Le Figaro disclosed the development on Wednesday without identifying its sources. Farming cooperative Sodiaal owns the other hald of Yoplait.

Crescent Financial Partners Inc. purchased a 30 percent equity stake in BeautyTicket.com, which sells beauty products at a discount. Financial terms were not disclosed. Crescent Financial is a Los Angeles, Calif.-based private equity merchant banking firm.

Ares Capital Corp.’s indirect subsidiary, Ares Capital CP Funding LLC, extended its $400 million revolving funding facility to Jan. 18, 2016, from Jan. 22, 2013. Wells Fargo Bank NA provided the facilty, which contains a three-year reinvestment period until Jan. 18, 2014 followed by a two year amortization period. The reinvestment period and final maturity may be extended two times for one year periods if mutually agreed upon by the parties. Pricing on the facility remains unchanged and the currently effective LIBOR spread under is 2.75 percent.