Le Lézard

News by subject: Divestiture

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29 november 2021

13:50
The Kraft Heinz Company ("Kraft Heinz" or the "Company") announced today that it has completed the sale of certain assets in its global cheese business and the license of certain trademarks to an affiliate of Groupe Lactalis for total consideration...

08:05
Tredegar Corporation today reported that its approximate 18% ownership interest in kaleo, Inc ("kaléo") is expected to be sold pursuant to an agreement dated November 28, 2021, whereby Marathon Asset Management will be providing kaléo shareholders a...

07:05
L3Harris Technologies has completed the sale of its ESSCO business to Communications & Power Industries (CPI). ESSCO was part of L3Harris' Aviation Systems segment and produces radomes for military and commercial use. CPI is a global manufacturer...


26 november 2021

08:05
Cabot Corporation announced today that the company entered into an agreement to sell its Purification Solutions business to One Equity Partners, a middle market private equity firm, in a transaction valued at $111 million, subject to certain...


25 november 2021

06:05
Monument Re announced today that, subject to regulatory approval, it has entered into an agreement to sell Robein Leven N.V. and its subsidiary Robein Effectendienstverlening (collectively "Robein") to Chesnara plc through its existing...


24 november 2021

09:05
Hexion Holdings Corporation ("Hexion" or the "Company") today announced that as a result of its ongoing strategic review it has entered into a definitive agreement to sell its epoxy-based Coatings and Composite businesses, which includes the epoxy...

08:05
General Mills today announced that it has agreed to sell its European dough businesses to Cérélia, a global leader in ready-to-bake dough solutions. The proposed transactions would include General Mills branded and private label dough businesses in...


23 november 2021

10:45
Staple Street Capital ("Staple Street Capital" or "SSC"), a leading middle-market private equity firm with approximately $800 million of capital under management, is pleased to announce the sale of Ironline Compression ("Ironline") to Surepoint...


22 november 2021

18:05
Newmont (Newmont or the Company) has agreed to sell its Kalgoorlie power business to Australia's Northern Star Resources Limited (Northern Star). Under terms of the agreement, Newmont receives US$95 million in cash, inclusive of the US$25 million...

08:05
L Squared Capital Partners announced today that Sandvik is acquiring GWS Tool Group, a leading provider of highly engineered consumable cutting tools. GWS will be reported in Walter, a division within the business area Sandvik Manufacturing and...


19 november 2021

17:05
Condor Hospitality Trust, Inc. (the "Company"), a hotel-focused real estate investment trust ("REIT") headquartered and incorporated in the state of Maryland, today announced that it has completed the sale of the Company's 15 hotels. The sale of...


18 november 2021

14:05
CBL Properties today announced the sale of its self-storage portfolio for a gross sales price of $42.0 million ($22.0 million at CBL's share). After repayment of approximately $25.7 million ($16.4 million at CBL's share) in recourse loans secured by...

08:10
Genesis Energy, L.P. announced today the closing of the sale of a 36% minority equity interest in its Cameron Highway Oil Pipeline System ("CHOPS") to an undisclosed financial party at an 8/8ths valuation of $1.16 billion, which results in gross...

08:05
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client ENSEARCH Management Consultants to a Private Investor. The transaction closed on November 11, 2021. Located...


16 november 2021

17:20
Retail Value Inc. today announced that the general due diligence period expired under an agreement to sell Willowbrook Plaza located in Houston, Texas to a third party purchaser for $37.1 million in cash, subject to adjustment for certain closing...

16:35
Franklin Street Properties Corp. (the "Company", "FSP", "our" or "we") , a real estate investment trust (REIT), announced today the completion of the sale of Meadow Point and 4807 Stonecroft in Chantilly, Virginia (together, the "Properties") for...


12 november 2021

07:40
Toshiba Corporation (TOKYO: 6502) ("Toshiba" or the "Company") today announced its intention to separate into three standalone companies: Infrastructure Service Co.1, consisting of Toshiba's Energy Systems & Solutions, Infrastructure Systems &...

07:05
KKR and Gulf Bay Group of Companies ("Gulf Bay") today announced that they have completed the sale of all condominium units in Mystique at Pelican Bay, a trophy luxury residential tower in Naples, Florida, for a combined value of approximately $500...


11 november 2021

16:10
Fiesta Restaurant Group, Inc. ("Fiesta" or the "Company") , parent company of the Pollo Tropical® restaurant brand, today reported results for the 13-week third quarter, which ended on October 3, 2021, and provided a business update related to...


10 november 2021

23:15
Mitsubishi Electric Corporation (TOKYO: 6503) announced today the name of Mitsubishi Electric Building Techno-Service Co., Ltd., a new wholly owned subsidiary that will integrate the company's building systems business following a company split. The...


9 november 2021

12:30
Edgemont Partners ("Edgemont"), a premier healthcare investment bank and a leading M&A and capital raising advisor exclusively serving healthcare companies, announced that it acted as exclusive financial advisor to Michigan Institute of Urology...


4 november 2021

14:25
Follett Corporation announced a change in ownership today of its Baker & Taylor division. Baker & Taylor, the world's premier distributor of physical and digital books and services to public and academic libraries will now operate as an independent,...


3 november 2021

17:05
Trinity Industries, Inc. ("Trinity" or the "Company") announced today that the Company has entered into a definitive agreement to sell its highway products business for $375 million in cash, subject to customary closing conditions and adjustments....

16:15
Pioneer Natural Resources Company ("Pioneer" or "the Company") today announced that the Company has entered into a definitive agreement with Continental Resources to sell all of its assets in the Delaware Basin for cash proceeds of $3.25 billion,...

08:40
Wynnchurch Capital, L.P. ("Wynnchurch"), a leading middle market private equity firm, announced today the sale of Critical Process Systems Group ("CPS") to Exyte Group ("Exyte"), a global leader in the design, engineering, and delivery of high-tech...

08:40
Virginia Estates Inc., an international real estate company, today is announcing attractive new pricing for the highly acclaimed Williamsburg Winery. About Williamsburg Winery Established in 1985, and never before offered for sale, The Williamsburg...

07:05
Resurgens Technology Partners, a software-focused private equity firm, is pleased to announce that its portfolio company Investment Metrics, a leading provider of analytics, reporting, data and benchmarking solutions for the institutional investment...


2 november 2021

16:15
On November 2, 2021, Retail Value Inc. announced that the general due diligence period had expired under an agreement to sell Green Ridge Square located in Grand Rapids, Michigan to a third party purchaser for $23.3 million in cash, subject to...

12:25
CIM Group announced today that it has sold a portfolio of four data centers in Illinois, New York, and Wyoming to a joint venture between Harrison Street Real Estate Capital, LLC and fifteenfortyseven Critical Systems Realty ("1547"). Located in...

10:05
A joint venture between affiliates of Miami-based Fifteen Group and Meritage Group LP has completed the sale of Patterson Court Apartments in Orlando, FL for $107.75 million. Built in 2008, Patterson Court, a 384-unit multifamily property, has...

09:25
SEE today announced it has completed the sale of its Reflectix® business to an affiliate of Balcan Innovations. Under SEE's ownership, Reflectix grew to become the largest brand of reflective insulation solutions serving construction, HVAC, and...

09:20
Global professional services firm Huron today announced it has closed the divestiture of its life sciences commercial and R&D strategy, pricing, and market access strategy business to Oliver Wyman. Oliver Wyman is a global management consulting firm...

09:20
Save A Lot, one of the largest discount grocery chains in the U.S., today announced the sale of six company-owned stores in Dallas, Texas, and Jacksonville, Florida, to Yellow Banana, LLC as part of Save A Lot's ongoing efforts to convert...


1 november 2021

16:35
Eastman Chemical Company announced that it has completed the previously reported sale of its global tire additives business to an affiliate of One Rock Capital Partners, LLC. The sale included the rubber additives (including Eastman's Crystextm...

08:35
Alcoa Corporation announced today it has completed the sale of land and industrial assets in the state of Texas in a transaction valued at $240 million. The sale included approximately 31,000 acres in Milam and Lee Counties and was marketed as the...

07:10
McKesson Corporation today announced that it has entered into an agreement to sell its UK businesses to AURELIUS, a pan-European asset management group with offices in Munich, London, Stockholm, Madrid, Amsterdam, Milan and Luxembourg. The...


27 october 2021

09:10
Ancora Biotech announced, in connection with the closing of the acquisition of Teneobio, Inc., by Amgen Inc., that Teneobio's former shareholders and their representatives will provide oversight of three previous affiliates of Teneobio, including...


26 october 2021

18:05
Stratus Properties Inc. ("Stratus" or the "Company") announced today that it has agreed to sell Block 21, a mixed-use entertainment, lodging, office and retail complex located in downtown Austin, Texas, to Ryman Hospitality Properties, Inc....


25 october 2021

10:23
BISTelligence, a leading supplier of manufacturing AI-based solutions and services for high-tech and industrial manufacturing, launched early last month, is focused on expanding its innovative new asset performance management (APM) solutions for...

10:23
VSS Capital Partners ("VSS"), a private investment firm investing in the healthcare, information, business services and education industries, today announced that it has completed the sale of Coretelligent ("the Company") to Norwest Equity Partners....


21 october 2021

14:35
ADM , a global leader in nutrition and agricultural origination and processing, announced today that it has reached an agreement to sell its ethanol production complex in Peoria, Illinois, to BioUrja Group. "The sale of our Peoria facility is an...


19 october 2021

07:10
Crenlo Engineered Cabs ("Crenlo"), a manufacturer of engineered operator cabs and roll over protective structures for heavy equipment and off-highway vehicles, backed by Angeles Equity Partners, LLC ("Angeles"), today announced its Emcor Enclosures...


18 october 2021

16:35
Apogee Enterprises, Inc. announced that it has entered into an agreement to sell its Architectural Glass facility located in Statesboro, Georgia to Cardinal Glass Industries. Apogee had previously announced its intent to close the Statesboro...

09:10
bluebird bio, Inc. today announced that October 19, 2021 has been set as the record date for the dividend of shares of common stock of 2seventy to be distributed to bluebird stockholders in order to effect the separation of bluebird bio and 2seventy...


15 october 2021

09:05
Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Diversified Systems, Inc. to Integrated Fire & Security Solutions and the existing management of the...


14 october 2021

16:40
Astronics Corporation , a leading provider of advanced technologies for global aerospace, defense and other mission critical industries, announced that it has closed on the sale of its facility in Ft. Lauderdale, Florida for total consideration of...


13 october 2021

09:20
Terreno Realty Corporation , an acquirer, owner and operator of industrial real estate in six major coastal U.S. markets, sold an industrial property located in East Hanover, New Jersey on October 12, 2021 for a sale price of approximately $32.7...

09:00
Bunge Limited today announced that it has agreed to sell its seven Mexico wheat mills to Grupo Trimex. The completion of the sale is subject to customary closing conditions, including regulatory approval. "Bunge is most effective when we operate...


12 october 2021

19:05
Charles River Laboratories International, Inc. announced that it has divested its Research Models and Services operations in Japan (RMS Japan) and its gene therapy CDMO site in Sweden (CDMO Sweden) in two separate transactions. RMS Japan...

08:35
IBM announced today that its board of directors has approved the previously announced separation of Kyndryl, the company's managed infrastructure services business. To effect the separation the IBM board of directors declared a pro rata...

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