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 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 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

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

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

HarbourVest Global Private Equity, a closed-end investment company, had an estimated economic net asset value of USD774.3m or USD9.33 per share as at 30 November 2010.  This is a 0.2 per cent decrease from the 31 October 2010 estimated economic NAV per share. While valuation changes to 31 October 2010

The Kula Fund II managed by Pacific Capital Partners, a subsidiary of Aureos Capital, has acquired at 16.5 per cent stake in KK Kingston, a manufacturer and a supplier of industrial products in Papua New Guinea.   Kula introduced International Finance Corporation as a co-investor and together they hold a

Silverfleet Capital, the European private equity firm, has completed its second retail deal within two months with the acquisition of footwear business Office for an undisclosed amount from West Coast Capital.  In October, Silverfleet Capital acquired the Schneider Group, a German catalogue and online retailer of fashion, lifestyle and gift

A report released by PrivateEquityCompensation.com signals improvement in the private equity and venture capital markets and an upward compensation trend that will likely continue in 2011. In a year where buyout deals heated up and the big players are complaining of being priced out of the market for some deals,