Ken MacFadyen

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 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.

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.

Teachers’ Private Capital of Ontario has made a first acquisition for what is expected to be a major insurance platform, buying GCAN Insurance Company in a roughly $150m deal.

Bain Capital is noticeably absent from Tenaska’s $838m energy fund, after the two sides had worked out a co-investment agreement in 2003.

American Securities sold its El Pollo Loco fast food chicken chain in a secondary deal, realizing a roughly six times return on its invested capital.

Direct secondary investor Saints Capital has closed on almost $100m for its fifth fund, a $150 million targeted vehicle with backing from Adams Street and HarbourVest.