Deal Wrap: Lone Star acquires SPX Flow; Audax backs Flow Control

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

* A Lone Star Funds affiliate completed its purchase of SPX Flow Inc., which provides process solutions for the nutrition, health and industrial sectors. Morgan Stanley & Co. LLC was SPX Flow's financial adviser and Winston & Strawn LLP was its legal adviser. Citi, RBC Capital Markets LLC and BofA Securities Inc. were Lone Star's financial advisers and Gibson Dunn & Crutcher LLP and Kirkland & Ellis LLP were its legal advisers.

* Lone Star also closed its buyout of Senqcia Corp., a Tokyo-based structural building material company, through an affiliate.

* Warburg Pincus LLC led a more than $50 million investment round for environmental commodity market product and service company ClimeCo Corp., together with The Heritage Group. Latham & Watkins LLP was legal adviser to ClimeCo, Cleary Gottlieb was legal adviser to Warburg and Paul Hastings was legal adviser to Heritage.

* Audax Private Equity made a strategic growth investment in sanitary flow component provider Flow Control Holdings LLC. Baird was financial adviser and Ropes & Gray was legal adviser to Audax. KPMG was financial adviser and Dentons LLP was legal adviser to Flow Control.

* Main Capital Partners BV bought majority interests in Nissen & Velten, texdata, aruba BI and Litreca to form a new business software group called enventa.

* Middle-market private equity firm Riverside Partners LLC sold Revecore, formerly known as Medical Reimbursements of America Inc., to GrowthCurve Capital LP in a partial exit from Riverside Fund V LP. William Blair & Co. was financial adviser and Choate Hall & Stewart was legal adviser to Riverside, while Davis Polk was legal counsel to GrowthCurve.

* NewSpring Capital LLC's lower midmarket investment strategy, NewSpring Franchise, provided growth equity capital to Federal Donuts, a doughnut, chicken and coffee fast-casual culinary concept. Federal Donuts co-founders Tom Henneman, Steve Cook and Michael Solomonov retain a stake and will remain closely involved in the business.

* Stride Consumer Partners LLC bought a minority stake in direct-to-consumer performance workwear brand Truewerk Inc.