News by subject: Divestiture

Golden Minerals Company ("Golden Minerals," "Golden" or the "Company") announces it has entered into a definitive agreement to sell the primary assets comprising its Velardeña Properties, located in Durango State, Mexico. On April 29, 2024, two of...

Kinetik Holdings Inc. ("Kinetik" or the "Company") today announced it has entered into a series of agreements under which Kinetik will (i) acquire Durango for an aggregate $765 million of cash and equity with up to $75 million of contingent...

Rubicon Technologies, Inc. ("Rubicon" or the "Company") , a leading provider of technology solutions for waste, recycling, and fleet operations, today announced that it has sold its fleet technology business and issued convertible preferred stock in...

Round Table Capital Partners (RTC), a private equity firm specializing in lower middle market growth platforms, today announced that it sold a majority stake of its portfolio company Verdantas, LLC (Verdantas or the Company) to Sterling Investment...

Conduent Incorporated , a global technology-led business solutions and services company, today announced an agreement to sell its Casualty Claims Solutions business to MedRisk, the nation's largest managed care organization dedicated to the physical...

Atlas Holdings ("Atlas") announced today the sale of NPX One, a leading manufacturer and the second largest supplier of polystyrene trays for fresh protein in the U.S., to Breck Partners, a Dallas-based private equity firm. Terms of the transaction...

Revelyst, a collective of world-class maker brands that design and manufacture performance gear and precision technologies and a segment of Vista Outdoor Inc. , today announced the sale of RCBS, the company's Oroville, California-based reloading...

Kian Capital Partners, a lower-middle-market-focused private investment firm, is pleased to announce the recent exit of its investment in The Purple Guys through a sale to Ntiva, Inc., a portfolio company of PSP Capital. Kian's blueprint for enduring...

Consolidated Communications Holdings, Inc. (the "Company" or "Consolidated") announced that it has completed the sale of its Washington assets, effective May 1, 2024, to Palisade Infrastructure. The divestiture aligns with the Company's ongoing...

World Kinect Corporation announced today it has completed the sale of the Avinode Group, the world's leading air charter sourcing platform, and its portfolio of aviation FBO software products to CAMP Systems International, Inc., a wholly-owned...

Culp, Inc. (together with its consolidated subsidiaries, "CULP") today announced a major restructuring plan designed to reduce costs, improve asset utilization, and drive performance and profitable growth. This plan, which is being implemented...

Conduent Incorporated , a global technology-led business solutions and services company, today announced it has successfully completed the sale of its Curbside Management Solutions and Public Safety Solutions businesses to Modaxo, a division of...

Brown-Forman announced today that it completed the sale of Sonoma-Cutrer Vineyards and related brand trademarks to The Duckhorn Portfolio, Inc. , a premier wine group, on April 30, 2024. In November 2023, Brown-Forman disclosed it had reached an...

Pan American Silver Corp. ("Pan American") announces that it has agreed to sell its 100% interest in La Arena S.A. ("La Arena"), which owns the La Arena gold mine as well as the La Arena II project in Peru, to Jinteng (Singapore) Mining Pte. Ltd.,...

Astatine Investment Partners ("AIP" or "Astatine," formerly Alinda Capital Partners), a leading private equity firm focused on infrastructure investments, today announced the successful exit of its investment in HEP Catalyst InvestCo, a joint venture...

An affiliate of Sun European Partners, LLP ("Sun European Partners" or "Sun European"), today announces that it has agreed to sell Adler & Allan (or the "Company") a leading UK environmental risk reduction specialist to the private equity business at...

Zoetis Inc. and Phibro Animal Health Corporation today announced that they have entered into a definitive agreement where Phibro Animal Health will acquire Zoetis' medicated feed additive (MFA) product portfolio, certain water soluble products and...

Masonite International Corporation ("Masonite") today announced that its shareholders have voted to approve the Company's proposed transaction with Owens Corning at its Special Meeting of Shareholders. As previously announced, under the terms of the...

Newmont Corporation (Newmont or the Company) today announced first quarter 2024 results and declared a first quarter dividend of $0.25 per share. "Newmont delivered a strong first quarter operational performance, producing 2.2 million gold...

Masonite International Corporation today announced that it has entered into a definitive agreement for the sale of all assets associated with the company's Architectural segment to subsidiaries of IBP Solutions, Inc., a newly formed portfolio...

Trustmark National Bank today announced that it has entered into a definitive agreement to sell its wholly owned subsidiary, Fisher Brown Bottrell Insurance, Inc., ("FBBINSURANCE") to Marsh & McLennan Agency LLC for $345 million in cash. Trustmark...

Cherry Hill Mortgage Investment Corporation (the "Company") today announced that its Board of Directors (the "Board") has established a special committee of the Board (the "Special Committee") to explore strategic alternatives to maximize...

Express, Inc. ("Express" or the "Company") today announced that it has received a non-binding letter of intent from a consortium led by WHP Global ("WHP"), and participants including a wholly owned indirect subsidiary of Simon Property Group, L. P....

Utz Brands, Inc. ("Utz" or the "Company"), a leading U.S. manufacturer of branded salty snacks, today announced that certain of its subsidiaries including Utz Quality Foods, LLC have entered into a definitive agreement for the sale of certain assets...

Northlane Capital Partners ("NCP") announced today the sale of its equity interest in VMG Health (the "Company') to Incline Equity Partners. The Company's extensive employee shareholder group will maintain its significant equity ownership position...

Amerant Bancorp Inc. ("Amerant" or the "Company") today announced that its wholly owned subsidiary, Amerant Bank, N.A., entered into a definitive purchase and assumption agreement under which MidFirst Bank, based in Oklahoma City, Oklahoma, will...

One Equity Partners ("OEP") today announced that it has completed the sale of Walki Group Oy ("Walki" or the "Company"), a pan-European supplier of sustainable and high-performing packaging and engineered materials solutions, to Oji Holdings...

ZT Corporate, a private equity firm that specializes in healthcare and automotive investments, today announced that it has successfully exited its remaining healthcare real estate assets for its portfolio entity, Altus Community Healthcare, to a...

Medical Properties Trust, Inc. (the "Company" or "MPT") today announced that it has sold its interests in five Utah hospitals to a newly formed joint venture (the "Venture") with an investment fund (the "Fund") affiliated with a leading...

Inverness Graham ("IGI"), a Philadelphia based buyout firm that acquires innovative companies where technology is transforming traditional industry, is pleased to announce the sale of Vista Apex. Headquartered in Racine, WI, Vista Apex is a leading...

Parthenon Capital, a leading growth-oriented private equity firm, announced today the signing of a definitive agreement to sell Institutional Cash Distributors, LLC ("ICD"), an institutional investment software and technology provider for corporate...

Corebridge Financial, Inc. today announced that it has completed the previously announced sale of its UK life insurance business (operating as AIG Life Limited) to Aviva plc. The transaction allows Corebridge to focus on Life & Retirement products...

L3Harris Technologies has signed a definitive agreement under which an affiliate of Kanders & Company, Inc. will acquire its antenna and related businesses for $200 million. The transaction is expected to close this quarter and is subject to...

Barnes Group Inc. today announced the completion of its previously announced sale of its Associated Springtm and Hänggitm businesses to One Equity Partners. "The sale of Associated Spring and Hänggi businesses is an important step in our ongoing...

On February 8, 2024, Ocho Candy, Inc., a Delaware Corporation ("Ocho" or the "Company"), executed a General Assignment for the Benefit of Creditors (the "Assignment") in favor of Ocho ABC a Delaware Series limited liability company (the "Assignee")...

The Assignee of Civetta Therapeutics, LLC, a trailblazer in the field of biotechnology with a focus on ?-propeller protein research, is inviting bids for the company's rich portfolio of intellectual property. Following the cessation of operations on...

AngioDynamics, Inc. : Fiscal Year 2024 Third Quarter Highlights Completed the sale of its PICC and Midline product portfolios to Spectrum Vascular on February 15, 2024 Discontinued its Uniblate and Starburst RadioFrequency products, as well as...

IFF today announced that it has completed the previously announced divestiture of its Cosmetic Ingredients business to Clariant, a sustainably focused specialty chemicals company. As a part of Clariant, the business will continue to deliver...

Independence Realty Trust, Inc. ("IRT") announced today the sale of three properties in three markets, as part of the Company's Portfolio Optimization and Deleveraging Strategy. The total gross sales price of the three properties was $168.1 million,...

Summit Park is pleased to announce the sale of its portfolio company, United Air Temp, Air Conditioning and Heating ("United" or the "Company"), to Littlejohn & Co., LLC ("Littlejohn"). Headquartered in Lorton, Virginia, United is a leading provider...

SPAR Group, Inc. ("SPAR", "SPAR Group" or the "Company"), a provider of merchandising, marketing and distribution services, announces the sale of its majority share in South Africa's Meridian Group to the minority shareholder Lindicom for R181...

2seventy bio, Inc. , announced today the completion of the asset purchase agreement ("APA") by Regeneron Pharmaceuticals, Inc. Under the terms of the APA, Regeneron has acquired all oncology and autoimmune research and development programs and has...

Tenet Healthcare Corporation today announced that it has completed the sale of six hospitals and related operations in California consistent with previously disclosed terms. Tenet completed the sale of its four Orange County and Los Angeles County...

Treaty Oak Equity LLC ("Treaty Oak"), a private investment firm investing in lower middle-market companies with the potential to grow rapidly through investments in talent, capabilities and strategic acquisitions, announced today it has completed the...

Sumitomo Chemical Co., Ltd. and Valent BioSciences LLC announced today that Pace International LLC (Pace) and its operations overseas will become part of AgroFresh Solutions, Inc., a well-established leader in the postharvest solutions space. The...

Generational Group, a leading middle market investment bank for privately held businesses, is pleased to announce the sale of its client, BMD Agency, LLC (dba Britton Marketing & Design Group) to BrandStar, Inc. The transaction closed February 1,...

On 22 November 2023, CRH plc announced that it had reached an agreement to divest its lime operations in Europe for a total consideration of c.$1.1 billion. CRH is pleased to announce that the second phase of the transaction, comprising the Group's...

Rio Tinto Exploration Canada Inc. ("RTEC") is pleased to announce that it has acquired 108,204,112 common shares in the capital of Star Diamond Corporation ("SDC") in exchange for all of its interest in the Fort à la Corne joint venture ("FalC JV...

Woodside has completed the sale of a 10% non-operating participating interest in the Scarborough Joint Venture to LJ Scarborough Pty Ltd (LNG Japan).1 The completion follows Woodside's announcement on 8 August 2023 that it had established a...

Mayfair Capital Partners ("Mayfair"), a growth-oriented private investment division of Oxford Financial Group, Ltd.tm, ("Oxford"), is pleased to announce the sale of its portfolio company, Poly-Wood, LLC (d/b/a "POLYWOOD") to an investor group led by...