Greenwich, Connecticut-based Littlejohn & Co. has brought on two distressed vets to spearhead the group’s new focus on the asset class. The firm is just the latest of a growing number of firms to build distressed capabilities.
The buyout and mezzanine firm will bring its “one-stop shop” approach to the capital, investing from its €750m fund, which closed last week.
Denver-based KRG Capital Partners has announced the acquisition of East Coast Fire Protection – the latest of a series of deals following the close of a new, $715m fund.
Minneapolis-based Norwest Equity Partners executed a dividend recap on homebuilder Highland Manufacturing, signaling a possible firming in the HUD-code homebuilding space.
The oversubscribed fund closed on £330m with commitments from US, UK and European pension funds, insurance companies and family offices.
The Blackstone Group and Bain Capital are working with Cumulus Media on a deal to buy Susquehanna’s radio assets. The deal would be one of many radio investments from private equity groups in recent years.
Survey results show Brazil’s private equity industry to have $5.5 billion in capital, exceeding previous estimates of the sector’s size. Judy Kuan investigates.
The latest incarnation of Sithe Global Power, a Blackstone investment, represents a shift in the electric energy opportunity, as distressed deals dry up and equity sponsors clamour for greenfield strategies.
Following its enormous success in Texas Genco and other recent energy exits, Blackstone has agreed to acquire an 80 percent interest in Sithe Global Power.
After a busted auction, New York-based Arsenal Capital Partners has acquired a controlling stake in specialty chemicals maker Reilly Industries, agreeing to a deal worth $250m.