Nectar Capital in Acquisition of Elandeal Majority Interest

August 6, 2009

Cleary Gottlieb advised Nectar Capital in its acquisition of 67% of Elandeal from the administrator of Luxury Publishing, and in its subsequent transfer of 34% of the shares of Elandeal to an existing shareholder. Nectar consummated this deal through Sisyphus, one of its subsidiaries. The transaction closed in August 2009.

Nectar Capital is a private equity firm specializing in buyouts, buy-ins, change-of-control transactions, merger and acquisition, and growth capital investments.