Regulation

Vendor 3i made four times its original investment on the sale of a 50 percent stake in Kaye Office Supplier to Legal & General Ventures.

The New York defense and aerospace investor has agreed to acquire the aviation maintenance and security training provider from Computer Sciences Corp.

Bain Capital has agreed to sell laundry products maker Alliance to Teachers’ Private Capital in a $450m secondary buyout.

Hugh Richards of Exponent Private Equity offers a personal perspective on spinning out of an institutional private equity manager.

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 New York middle-market firm has announced the sale of Floral Plant Growers to Blue Point Capital.

A group of executives from CSFB’s private equity arm have set up Diamond Castle Holdings and are seeking to raise between $1bn and $1.5 bn.

San Francisco-based Hellman & Friedman has also announced the opening of a London office led by managing director Patrick Healy.

The UK mid-market buyout firm has held a final closing of its third fund, exceeding its £200m target and securing commitments from new international investors.

Sterling Capital Partners is backing the nationwide expansion of Florida Coastal School of Law, a for-profit law school.