Advance Auto Parts Inc. (NYSE: AAP) has hired The Blackstone Group to advise on a possible sale of the company, according to Reuters. Several private equity firms have expressed interest in the company, whose market cap rose on the news to more than $5.8 billion. www.advanceautoparts.com
Bravia Capital, a Hong Kong-based private equity firm, is in talks to invest an undisclosed amount into discount Indian airline SpiceJet Ltd.www.spicejet.com
The Sterling Group has completed its previously-announced acquisition of Dexter Axle from Tomkins Industries Inc., a unit of Pinafore Holdings BV. No financial terms were disclosed. Dexter Axle is an Elkhart, Ind.–based manufacturer of trailer axle, brake and suspension assemblies and related replacement parts and components. www.tomkins.co.uk
Wind Point Partners has acquired Hilex Poly Co., a Hartsville, S.C.–based maker of plastics bags, from TPG Growth. No financial terms were disclosed for the deal, which we first reported last week based on an FTC filing. www.hilexpoly.com
Wind Point Partners has completed its previously-announced acquisition of Shearer’s Foods, a Massillon, Ohio-based maker of kettle chips and other private-label salty snacks, from Mistral Equity Partners. No financial terms were disclosed. In related news, Sara Lee-North America CEO C.J. Fraleigh has become chairman and CEO of Shearer’s. www.shearersfoodsinc.com
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