AIG reportedly has agreed to sell a 25 percent stake in London’s City Airport to Global Infrastructure Partners, for approximately £250 million. AIG will remain a minority shareholder, after having originally teamed up with GIP to acquire the airport for just under £750 million in late 2006.

Allied Capital has sold its equity interest in Norwesco Inc., a maker of polyethylene storage tanks for the agricultural and industrial markets, to Olympus Partners. Allied sponsored a management buyout of Norwesco in 2005, and reports that it realized an $86 million gain on its equity investment and the repayment of $65 million in outstanding subordinated debt it had lent the company.

Bedford Funding has agreed to acquire Authoria Inc., a Waltham, Mass.-based provider of talent management solutions, for $63.1 million. Authoria had raised around $140 million in venture capital and debt funding since 1998, from firms like Menlo Ventures, Norwest Venture Partners, Austin Ventures, Van Wagoner Capital Management, CIBC Capital Partner, Horizon Technology Finance and Velocity Financial Group. This included a $22.5 million infusion last October.

Crédit Agricole Private Equity and CIC Finance have sold their stake in Ital Express, a French distributor of spare parts for HGVs and tractors, to La Financière Patrimoniale d’Investissement (LFPI). No financial terms were disclosed. LFPI was already a shareholder in Ital Express, having participated in the 2005 buyout of the company alongside Crédit Agricole and CIC.

GMAC, which is majority-owned by Cerberus Capital Management, has agreed to sell its home services unit to a division of Brookfield Asset Management. No terms were disclosed for the deal, which is expected to close next quarter

Hamilton Robinson Capital Partners has acquired MEGTEC Systems from its parent company Sequa Corporation for an undisclosed amount. Sequa Corp. is owned by Carlyle Group. Paper and wood products supplier MEGTEC had revenues of more than $250 million in 2007.

Tricap Partners, a private equity fund managed by Brookfield Asset Management, has acquired MAAX Corp., a Montreal-based maker of bathroom fixtures. No financial terms were disclosed. MAAX had been acquired four years ago for C$640 million by J.W. Childs & Co., Borealis Private Equity and Ontario Municipal Employees Retirement System. It subsequently completed a recap in which the buyers recouped most of their initial equity investment.

Warburg Pincus has sold ChartOne Inc. to Healthport, a portfolio company of Abry Partners. No financial terms were disclosed, although an earlier Dow Jones report said the deal was expected to include $150 million in debt financing being arranged by GE Capital and NewStar Financial. ChartOne is a Burlington, Mass.-based provider of medical record workflow applications.