3i is to back the buyout of Active Pharmaceutical Ingredients, an international developer and supplier of specialist active pharmaceutical ingredients and a division of New York Stock Exchange-listed Alpharma, for around $395m (€267m).
The California Public Employees' Retirement System has sold a portfolio of fund investments to a five-strong secondaries consortium.
Olivant, the private equity firm run by former Abbey boss Luqman Arnold, has pulled out of the running for Northern Rock.
An unnamed US private equity investor has injected £50m (€67m) into Gyro International. Electra Quoted and Octopus Private Equity have exited their investments as a result of the deal.
Bank of Scotland Integrated Finance has backed the secondary management buyout of Verna Group from LGV Capital.
Barclays Private Equity has acquired a majority stake in power converter business Martek Power.