Vendor 3i made four times its original investment on the sale of a 50 percent stake in Kaye Office Supplier to Legal & General Ventures.
American Securities Capital Partners has closed its largest fund ever with total commitments of $1bn.
The New York defense and aerospace investor has agreed to acquire the aviation maintenance and security training provider from Computer Sciences Corp.
The insurance giant’s Global Investment Group announced a $239 million final close for Private Equity Portfolio III, a combination of international, domestic and secondary funds of funds as well as a direct investment fund.
Star Capital has agreed to acquire a one-third stake in the consortium that manages one-third of London Underground from embattled support services group Jarvis for just over £100m.
Standard Life Investments has announced a first closing of its latest private equity fund of funds vehicle on €250m.
Bain Capital has agreed to sell laundry products maker Alliance to Teachers’ Private Capital in a $450m secondary buyout.
The New York-based venture firm will make investments in communications, healthcare and information technology companies.
DLJ Merchant Banking Partners is one of three specialist fund managers spinning out of Swiss-owned investment bank Credit Suisse First Boston.
The New York firm has closed it fourth vehicle for purchasing subordinated debt and has also announced a $100 million commitment to Accuro Healthcare Solutions.
HSBC Private Equity Asia, the Asian private equity arm of the HSBC Group, has posted a final closing of its third fund on US$700 million.
Hugh Richards of Exponent Private Equity offers a personal perspective on spinning out of an institutional private equity manager.
Following the sale of IT services provider Omnetica to UK trade buyer Kingston comes news of KKR’s recommended €260m takeover bid for German recycling company Duales System.
AXA Investment Managers Private Equity has announced the final closing of its latest mid-market secondaries fund on $1bn: well ahead of an original target fund size of $800m.
The Connecticut-based healthcare investor has closed its sale of EAS to pharma giant Abbott Laboratories for $320m.