Renaissance, TPG to acquire major stake in SICIT; Sterling buys 2 pavement firms

Deal Wrap is updated as of 3 p.m. ET.

– Renaissance Partners and TPG Capital LP agreed to jointly acquire a controlling stake in Italian agricultural chemicals producer SICIT Group SpA. Nomura and JP Morgan were TPG Capital's financial advisers, and Latham & Watkins and Paul Weiss were its legal advisers. Lazard, Intesa Sanpaolo IMI CIB, Banca Popolare di Milano and BNP Paribas were Renaissance's financial advisers, and Legance Avvocati Associati was its legal adviser.

– The Sterling Group LP acquired US pavement construction companies Pavement Preservation Group Inc. and Vance Bros. Inc.

– General Catalyst Group Management LLC led a $55 million series B round in San Francisco-based healthcare provider Sprinter Health Inc.

– Bracket Ventures Management LLC participated in a $60 million series E round for US-based logistics technology company Flock Freight Inc.

– Cerberus Capital Management LP participated in a $65 million series B round for US chip components manufacturer Avicenatech Corp.

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