The Abraaj Group has invested an undisclosed amount into African Industrial Services Group, an Ivory Coast-based engineering services and component manufacturing and distribution company.www.abraaj.com
Advent International has agreed to acquire P2 Energy Solutions from Vista Equity Partners for an undisclosed amount. P2 is a Denver–based provider of software, geospatial data and land management tools to the upstream oil and gas industry. www.p2energysolutions.com
Avenue Capital Group has acquired a portfolio of UK student housing assets from KPMG, the administrator to certain former Opal Property Group companies. No financial terms were disclosed. The assets include approximately 1,800 bed spaces. www.avenuecapital.com
Francisco Partners has acquired a majority stake in Avangate BV, a Dutch provider of electronic software distribution and reseller management solutions for software companies. Sellers included 3TS Capital Partners. No financial terms were disclosed. www.avangate.com
Inflexion Private Equity has acquired On the Beach, a UK-based online travel agency, from ISIS Equity Partners for £73 million. www.onthebeach.co.uk
The Jordan Company has acquired Watchfire Signs, a Danville, Ill.–based maker of LED signs and digital billboards. No financial terms were disclosed. www.watchfiresigns.com
Kohlberg Kravis Roberts & Co. is nearing an agreement to acquire Crosby Group LLC, a Tulsa, Okla.-based maker of lifting and material handling equipment, from Melrose Industries PLC (LSE: MRO) for approximately $1 billion, according to Reuters. www.thecrosbygroup.com
Staples Inc. (Nasdaq: SPLS) has sold its printing systems division to CoBe Capital. No financial terms were disclosed. www.cobecapital.com
Sterling Infosystems Inc., a background check company sponsored by Calera Capital, has acquired HR Plus, a Chicago-based provider of background screening, drug and occupational health screening and fingerprinting services. No financial terms were disclosed. The seller was AlliedBarton Security Services. www.sterlinginfosystems.com
Tower Group International Ltd., a Bermuda-based insurer, has approached several private equity firms about an equity infusion, according to the WSJ. The company took a particular hit from Superstorm Sandy-related claims, and has held talks with The Blackstone Group, KKR and Warburg Pincus. www.twrgrpintl.com
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