Iris Dorbian

3i has sold Hilite to AVIC Electromechanical Systems Co., a subsidiary of Chinese industrial conglomerate AVIC, for approximately 473 million euros. Morgan Stanley Bank AG provided financial advice on the transaction. Headquartered in Marktheidenfeld, Germany, Hilite is a provider of automotive system solutions.

Numet Manufacturing Techniques, which is owned by Kidd & Company, has promoted Mark Roscio to president and CEO. The appointment is effective immediately. Also, the firm has promoted Scott Kokosa to chief financial officer. Based in Orange, Conn., Numet is a maker of precision metal components and assemblies for jet turbine engines.

Houston-based lower-middle market private equity firm CapStreet has raised $340 million in the final close of its fourth fund. Its target was $250 million.

Winchester Electronics Corp., a portfolio company of Audax, has closed its buy of TRU Corp. No financial terms were disclosed. Headquartered in Peabody, Mass., TRU is a maker of RF connectors and cable assemblies.

North Street Global Fund Services, a subsidiary of financial services firm North Street Global, has acquired Hedge Solutions. No financial terms were disclosed. Also, North Street has hired Scott Cohen as Hedge Solutions' managing director and head of West Coast operations. Based in Los Angeles, Hedge Solutions is a hedge fund administrator.

Permira said Thursday that it has named Brian Ruder as co-head of Permira’s global technology, media and telecommunications sector team. Ruder will co-head the TMT sector team with Richard Sanders. Ruder is a partner and head of the firm's Menlo Park, Calif. office. Also, the company has promoted Nic Volpi to partner. Volpi first joined Permira’s New York office in 2004 before relocating to Menlo Park in 2011.

Macquarie Capital has hired David Banmiller as a managing director in its U.S. oil and gas group in Houston. Previously, Banmiller worked at KeyBanc Capital Markets where he served as a senior member of the company's U.S. energy practice. Macquarie Capital is the corporate advisory and capital markets arm of Macquarie Group.

African Development Partners II, a pan-African private equity fund advised by Development Partners International, is investing $20 million in Université Privée de Marrakech, a private university in Morocco. Capital Trust provided financial advice to UPM on this transaction.

Sandow has received an undisclosed investment from Evolution Media Partners, the joint venture between TPG Growth, Participant Media and Evolution Media Capital formed in partnership with Creative Artists Agency. Also, the firm has named Paul Blum as CEO. Headquartered in New York City and South Florida, Sandow is the owner of clothing retailer Fred Segal.

CSV Midstream has secured $500 million in funding from Apollo Global Management. According to the firm, the capital will be used to construct and operate midstream facilities in the Western Canadian Sedimentary Basin. Based in Calgary, CSV Midstream is a provider of midstream solutions.