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Money stack

Esposito accelerates its private equity participation

Esposito Private Equity Group, a Dallas-based private equity firm, says it has allocated significant capital to expanding its participation in promising ventures.  The minimum investment amount is USD500,000 and EPEG is interested in minority ownership opportunities. The investment criteria for consideration are the following: • A minimum of USD500,000 in annual

Centre Partners completes USD157.5m sale of Gray Wireline to Seawell

Centre Partners Management, a middle market private equity firm with offices in New York and Los Angeles, has completed the sale of Gray Wireline by certain of its affiliates to a subsidiary of Seawell for USD157.5m. Founded in 1983, Gray is a provider of cased-hole wireline services in the US.

Stability

Sea Island Acquisition acquires Sea Island Company assets

Sea Island Acquisition, a limited partnership comprising investment funds managed by Oaktree Capital Management, Avenue Capital Group, The Anschutz Corporation and Starwood Capital Group, has acquired substantially all of the assets of Sea Island Company, a private resort and real estate development company. "Today is a new beginning for Sea

Sun Capital Partners affiliate acquires DSM Special Products

Sun Capital Partners’ affiliate Emerald Performance Materials, a US producer and marketer of chemicals for food and industrial applications, has acquired the business and assets of DSM Special Products. DSM Special Products is a manufacturer of toluene oxidation products.  The purchase from Royal DSM was approved by the European Commission

Hogan Lovells advises Maxinutrition on sale to GlaxoSmithKline

Hogan Lovells has advised on the sale of Maxinutrition Holdings to Glaxo Group, a subsidiary of GlaxoSmithKline, for GBP162m. The deal was announced on 13 December and is subject to competition clearance. Maxinutrition is a European sports nutrition company. Hogan Lovells acted for Zef Eisenberg and Paul Hick, the founder

Water Street invests in New Century Health

Water Street Healthcare Partners, a private equity firm focused exclusively on healthcare, has made a majority investment in New Century Health. Founded in 2002, New Century Health is a benefit management company focused primarily on oncology and cardiology.  In a privately negotiated transaction, Water Street and its co-investors committed to

Palamon sells Loyalty Partner to American Express

Palamon Capital Partners, a European mid market private equity firm, has agreed the sale of its 54 per cent stake in Loyalty Partner to American Express.  The sale price of the Palamon shares amounted to EUR240m, representing an enterprise value of approximately EUR500m for Loyalty Partner. The transaction is subject

LM Funerals completes fifth acquisition of 2010

Sovereign Capital’s portfolio company LM Funerals has acquired a fifth funeral services business in 2010, F.M.& J. Wait. Based in Staffordshire, FMJW is a family-run business that has been operating for over 200 years. It is the largest independent funeral director in Lichfield and is run by the fifth-generation of

Jersey continues to resist pressure to abolish zero-10 tax regime

The future of Jersey’s zero basic rate of corporate income tax is in renewed doubt amid heated debate in the Channel Islands and critical comments by the European Union and the UK Treasury. Following a recent review of the compliance of Jersey’s and the Isle of Man’s zero-10 regimes with

Hans Hufschmid, GlobeOp chief executive officer

GlobeOp assets under administration up 24 per cent

GlobeOp Financial Services, a provider of business process outsourcing, financial technology services and analytics to the financial services industry, has reported assets under administration of USD148bn as at 30 November 2010, a 24 per cent increase since 30 June. The company had USD84m in cash as at 30 November 2010.

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