Deal Wrap: AE Industrial to exit BHI Energy; Renovus buys ProfitOptics

Deal Wrap is updated as of 4 p.m. ET.

* AE Industrial Partners LP is selling BHI Energy to Westinghouse Electric Co. LLC. BHI provides services for the power generation and electricity transmission and distribution end markets.

Baird was lead financial adviser to AE Industrial, while Harris Williams was an additional financial adviser and Kirkland & Ellis LLP was legal adviser.

* Renovus Capital Partners purchased technology services company ProfitOptics Inc. through its $500 million lower-middle-market fund, Renovus III.

* IK Partners is selling Recocash SAS, a debt-servicing company, to Qualium Investissement.

* Crestline Investors Inc. led a $30 million capital infusion into VPLS Inc., which provides dedicated, cloud and managed hosting services. The move increases Crestline's total investment in VPLS to $62.5 million.