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American Combustion Acquisition LLC, a portfolio company of Blackstreet Capital Management, has sold American Combustion Industries Inc (ACI) to CEO Timothy Kirlin and select members of his management team. Brentwood, Maryland-based ACI is a mechanical engineering firm. Financial terms weren’t announced.
A Cloud Guru has acquired Linux Academy, a hands-on cloud training platform for all skill levels.
Sun Capital has acquired Houston-based Cotton Holdings Inc, an infrastructure support services company.
FFL Partners has agreed to sell EyeCare Partners, a network of medical optometry and ophthalmology practices in the U.S.
Griffin Global Asset Management and Bain Capital Credit have agreed to form a new aircraft leasing platform.
Blantyre Capital has closed its maiden fund at a hard cap of 500 million euros. The fund's investors include public and private pensions, endowments, foundations, insurance companies, family offices and wealth advisors. Edgeline Capital Partners was the placement agent.
Spartan Energy Acquisition Corp, a blank check company focused on the energy industry in North America, has debuted its IPO after pricing its 48 million shares at $10 per share. The stock began trading August 10, 2018 on the New York Stock Exchange under the ticker symbol "SPAQ.U." Citigroup Global Markets Inc and Credit Suisse Securities (USA) LLC are the lead underwriters. Spartan Energy Acquisition Corp is backed by Apollo Global Management LLC. 
Salt Lake City-based Ivanti, a software company, has named Jim Schaper as CEO.
Great Hill Partners and Spectrum Equity said Nov. 25 that they agreed to buy the assets of IBM’s sales performance management business. Financial terms weren’t announced. Great Hill and Spectrum are relaunching Varicent Software, which will be led by Marc Altshuller. IBM acquired Varicent in 2012.
Private equity firm Equities First Holdings has bought the Australian offices of Meridian Equity Partners Pty Limited. No financial terms were disclosed. As a result of the transaction, EFH now runs six facilities on four continents.
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