Iris Dorbian

Forest City Enterprises said Friday that it has completed its sale of the Sheraton Station Square to Station Square Pittsburgh Hotel for $61 million. According to Forest City, the company has received net cash proceeds from the sale of approximately $18.5 million. The Station Square Pittsburgh Hotel is a joint venture led by Pyramid Hotel Group and an affiliate of Glenmont Capital Management, a New York-based real estate private equity fund manager. Sheraton Station Square is a 399-room hotel in Pittsburgh.

France-based Ceva Sante Animale S.A. said Friday that it has inked an agreement to acquire a controlling stake in Sichuan Hengtong's animal health subsidiary in China. No financial terms were disclosed. E. J. McKay, an investment banking firm in Shanghai, served as exclusive financial advisor to CEVA for the transaction. Based in the Sichuan Province, China, Sichuan Hengtong is a provider of powder and liquid pharmaceuticals and animal health pharmaceuticals. Spun-off from Sanofi Aventis, CEVA is an animal health group that is backed by PAI Partners, Industri Kapital, Euromezzanine and Natixis Private Equity.

The Capital Chapter of the Entrepreneurs Organization has named T.J. Jubeir, the founder and managing partner of private equity firm Capital Partners, to its board of directors. The Entrepreneurs Organization is a global business network that has over 8,000 members in 122 chapters and 35 countries. The Capital Chapter is based in Washington, D.C.

EnerTrac said Thursday that it has named George Dannecker as CEO. He will be replacing Steve Owens, who has been appointed CTO of EnerTrac. Recently, Dannecker served as founder of Vette Corp. Also, EnerTrac, which is backed by Milestone Venture Partners, City Light Capital and Harbor Light Capital Partners, has received an undisclosed amount in Series A-1 funding from its existing investors. Based in Hudson, NH, EnerTrac is a provider of low-cost sensors.

H.I.G. Capital has made a strategic investment in Creme Mel Sorvetes. No financial terms were disclosed. Creme Mel Sorvetes is a Brazilian ice cream company.

Trive Capital Holdings, an investment firm in Dallas, Texas, said Thursday that it has raised $300 million for its first fund, Trive Capital Fund I LP. The fund plans on investing in North American-based lower middle market companies. MVision Private Equity Advisers served as exclusive fundraising advisor for the fund.

The Men's Wearhouse said Thursday that it has inked an agreement to acquire JA Holding, a portfolio company of J.W. Child Associates, for approximately $97.5 million in cash. The transaction is expected to close in the third quarter of 2013. JA Holding is the parent company of American clothing brand Joseph Abboud. J.P. Morgan Securities served as financial advisor to Men's Wearhouse for the transaction while North Point Advisors acted as financial advisor to JA Holding. The Men's Wearhouse is a North America-based specialty retailer of men's apparel.

RiskIQ said Thursday that it has closed $10 million in Series A funding from Summit Partners, a global growth equity firm. According to RiskIQ, the funding will be used for product development and investments in sales, marketing, and other business development activities. Headquartered in San Francisco, Calif., RiskiIQ is a provider of internet security solutions.

Gray & Company, an independent investment advisory firm, said Thursday that it has made several personnel changes in its leadership team. Chief Administration Officer Yolanda Waggoner-Foreman and Chief Operating Officer Robert C. Hubbard will assume the roles of Co-CEOs, effective immediately. Both will be responsible for the day-to-day management of the company. Laurence O. Gray, who is currently president and CEO, will continue in his role as president of the company while transitioning out of daily management. Also, Peter Lupoff, who was previously CIO of Gray’s alternative investment division, has been named CIO for the entire firm.

Pinstripe, a portfolio company of Accel-KKR, said Thursday that it has acquired the UK-based Ochre House. No financial terms were disclosed. Also included in the transaction are TAAHEED and Carmichael Fisher, two strategic resourcing firms that Ochre House acquired in 2012. Ochre House is an international provider of recruitment outsourcing and talent management.