News by subject: Divestiture

Apartment Investment and Management Company ("Aimco") announced today that on September 1, 2022, it completed the previously announced lease termination transaction with AIR Communities. This transaction highlights the successful development and...

An affiliate of funds advised by SK Capital Partners, LP ("SK Capital") announced today that it has completed the sale of NuCera Solutions ("NuCera" or the "Company") to Chase Corporation , a leading manufacturer of protective materials for high...

Boston Properties, Inc. , the largest publicly traded developer, owner, and manager of premium workplaces in the United States, announced today that it completed the disposition of 601 Massachusetts Avenue, NW, Washington, DC, for a gross sales price...

SQUARE ENIX HOLDINGS CO., LTD. (the "Company") announced in an August 26, 2022 release entitled "Completion of Share Transfer with Change to Subsidiaries (Divestiture of Select Overseas Studios & IP)" that the relevant transfer of shares had been...

ExxonMobil affiliates have signed an agreement to sell all of ExxonMobil's interests in the Aera oil-production operation in California to Green Gate Resources E, LLC, a subsidiary of IKAV. The transaction involves a share sale of Mobil California...

ACI Worldwide , a global leader in mission-critical real-time payment software, today announced the completion of the previously-announced sale of its corporate online banking solutions to One Equity Partners ("OEP"), a private equity firm, for $100...

ProPetro Holding Corp. ("ProPetro" or the "Company") today announced that STEP Energy Services (USA) Ltd., a subsidiary of STEP Energy Services Ltd. ("STEP") has acquired ProPetro's Coiled Tubing assets, which were used for services including frac...

The Kraft Heinz Company ("Kraft Heinz" or the "Company") today announced that it has entered into a definitive agreement to sell its B2B powdered cheese business to global food, beverage and pharma manufacturer Kerry Group. The proposed transaction...

Align Capital Partners ("ACP") is pleased to announce the sale of its interest in WilliamsMarston LLC ("WilliamsMarston," the "Firm" or "WM") to Kelso & Company ("Kelso"). Headquartered in Boston, MA, WilliamsMarston is a differentiated, national...

Condor Hospitality Trust, Inc. (the "Company") today announced that it has made provision for the settlement of all claims and liabilities and payment of the final liquidation dividend and that its dissolution articles have been filed with the State...

SQUARE ENIX HOLDINGS CO., LTD. (the "Company") announced in a May 2, 2022 release entitled "Execution of Share Transfer Agreement with Change to Subsidiaries (Divestiture of Select Overseas Studios & IP)" that the Company signed a share transfer...

Pebblebrook Hotel Trust (the "Company") today announced that on August 25, 2022, it closed on the sale of the 236-room Hotel Spero in San Francisco, CA for $71.0 million to a third party. For the trailing twelve months ended June 30, 2022, the...

Golden Entertainment, Inc. ("Golden" or the "Company") announced today that it entered into definitive agreements to sell Rocky Gap Casino Resort ("Rocky Gap") for aggregate cash consideration of $260 million. Pursuant to the terms of the...

Ligand Pharmaceuticals Incorporated announced that the Janssen Biotech, Inc. (Janssen) received conditional marketing authorization (CMA) from the European Commission for TECVAYLI® (teclistamab) as monotherapy for the treatment of patients with...

Caltius Equity Partners, a leading lower middle-market investment firm, has sold a majority interest in Talent Systems ("Talent Systems" or the "Company") to RedBird Capital Partners ("RedBird"). Caltius Equity Partners will continue to be an...

MedMen Enterprises Inc. ("MedMen" or the "Company") , a premier cannabis retailer with operations across the United States, today announced the close of a $67 million deal with Florida-based private company Green Sentry Holdings LLC ("Green Sentry")...

Riverbend Energy Group ("Riverbend"), on behalf of certain of its affiliates and numerous institutional investors, announced today that it has completed the sale of its equity interests in Riverbend Oil & Gas VI, LLC, Riverbend Oil & Gas VI-B, LLC...

Four Corners Property Trust , a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the disposition of a Burger...

Orangewood Partners ("Orangewood"), a long-term focused private investment firm, today announced the successful exit of George Industries ("George"), a leading designer and manufacturer of mission-critical and highly engineered components for the...

Premia Holdings Ltd. announced today that Premia Syndicate 1884 has entered into a Loss Portfolio Transfer Agreement with Hiscox Syndicate 33. The subject portfolio consists of a diverse mix of business underwritten by Syndicate 33 during Years of...

Crane Holdings, Co. ("Crane," NYSE: CR), a diversified manufacturer of highly engineered industrial products, announced today that it has divested Redco Corporation ("Redco"), a wholly owned subsidiary that holds liabilities including asbestos...

Solace Capital Partners, L.P. ("Solace"), a leading private equity firm focused on providing creative capital solutions for middle market companies, today announced the sale of Patriot Environmental Services, Inc. ("Patriot" or the "Company"), a...

Humana Inc. today announced that it has successfully completed its previously-announced transaction with private investment firm Clayton, Dubilier & Rice ("CD&R") to divest a majority interest in the Hospice and Personal Care divisions of Humana's...

One Equity Partners ("OEP"), a middle market private equity firm, today announced that it has entered into a definitive agreement to sell the Power Generation business of BRUSH Group ("BRUSH" or the "Company") to energy technology company Baker...

KKR, a leading global investment firm, today announced that KKR has sold a portfolio of distribution properties located in Chicago to a global investment manager. The portfolio consists of 13 assets with approximately 1.7 million square feet (SF) of...

Emerson today announced an agreement to sell its InSinkErator® business to Whirlpool Corporation for $3.0 billion. InSinkErator's trailing twelve-month revenue, as of March 31, 2022, was $595 million, pretax earnings were $148 million and EBITDA*...

Four Corners Property Trust , a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the disposition of an...

HomeStreet, Inc. ("HomeStreet"), the parent company of HomeStreet Bank (the "Bank" and together with HomeStreet, the "Company"), today announced that on July 29, 2022 we closed the sale of five retail deposit branches in eastern Washington,...

Pebblebrook Hotel Trust (the "Company") today announced that on August 2, 2022, it closed on the sale of the 306-room Sofitel Philadelphia at Rittenhouse Square in Philadelphia, PA for $80.0 million to a third party. For the trailing twelve months...

KKR, a leading global investment firm, today announced the signing of an agreement to sell Minnesota Rubber and Plastics ("MRP" or the "Company"), a leading provider of materials science-based elastomer and thermoplastic solutions, to Trelleborg...

Arconic Corporation ("Arconic" or "the Company") today reported second quarter 2022 results. Revenue was $2.5 billion, up 16% from the prior quarter, primarily due to the ramp up of packaging sales in the United States, growth in ground...

BitNile Holdings, Inc. , a diversified holding company ("BitNile" or the "Company"), will host a conference call at 2:00 PM Pacific Time on Tuesday, September 6, 2022, to provide an update on the status of the planned spinoff of the Company's...

Kemper Corporation has agreed to sell Reserve National Insurance Company and its subsidiaries, which are predominantly focused on accident and health insurance, to Medical Mutual of Ohio for $90 million. The transaction is subject to regulatory...

Lemonade , the insurance company powered by AI and social impact, today announced the close of its divestiture of Metromile's Enterprise Business Solutions (EBS) to digital insurance platform, EIS. EBS was Metromile's SaaS claims automation and fraud...

PerkinElmer, Inc. , a global leader committed to innovating for a healthier world, today announced it has entered into an agreement with the intention to divest its Applied, Food and Enterprise Services businesses to New Mountain Capital, a leading...

Monro, Inc. , a leading provider of automotive undercar repair and tire services, today announced financial results for its first quarter ended June 25, 2022. First Quarter Results2 Sales for the first quarter of the fiscal year ending March 25,...

Trinseo , a specialty material solutions provider, announced today it has decided to pause the sale of its styrenics business (the "Business"). In November 2021 the Company announced that it had begun work to explore the divestiture of the Business...

HNI Corporation today announced it has completed the sale of its China? and Hong Kong?based Lamex office furniture business. The business was acquired by Kokuyo Co., Ltd. for 75 million US dollars, subject to standard post-closing adjustments....

Jefferies Financial Group Inc. announced today that, adhering to its long-standing fundamental strategy of focusing on building its investment banking and capital markets businesses and reducing the size of its Merchant Banking portfolio, Jefferies...

Blue Sage Capital ("Blue Sage") announced today that it closed on the sale of Ligchine International Corporation ("Ligchine") to RAF Industries, Inc, a Philadelphia, Pennsylvania-based long-term focused capital provider. Ligchine is a leading...

Resurgens Technology Partners, a software-focused private equity firm, is pleased to announce the sale of its portfolio company Castellan Solutions, a global provider of enterprise resilience management solutions, to Riskonnect. Backed by TA...

Crestwood Equity Partners LP ("Crestwood") announced today the closing of the previously announced Delaware Basin acquisitions of Sendero Midstream Partners LP ("Sendero") for approximately $600 million in cash and First Reserve's 50% interest in...

Motility Software, a leader in end-to-end dealer management software for specialty dealerships and backed by Serent Capital, announced today it has been acquired by The Reynolds and Reynolds Company, a leading provider of automobile dealership...

CURO Group Holdings Corp. ("CURO" or the "Company"), a tech-enabled, omni-channel consumer finance company serving non-prime and prime consumers in the U.S. and Canada, today announced that on July 8, 2022 it completed the divestiture of its Legacy...

Blue Sage Capital ("Blue Sage") announced today that it closed on the sale of Timber Automation, LLC ("Timber") to USNR, a subsidiary of Wood Technologies International. Timber is a leading manufacturer and supplier of equipment and systems for the...

IFF today announced that it has successfully completed the previously announced divestiture of its Microbial Control business unit to LANXESS. Welcome to IFF At IFF , an industry leader in food, beverage, health, biosciences and scent, science and...

Diversified Healthcare Trust today announced that it has sold an additional 10% equity interest in the two building life science complex located at 11 Fan Pier and 50 Northern Avenue in Boston, MA. DHC sold the interest to an existing joint venture...

ExxonMobil said today that its Canadian affiliates, Imperial and ExxonMobil Canada, have entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada. The sale,...

Cornerstone Building Brands, Inc. (the "Company"), the largest manufacturer of exterior building products in North America, completed the previously announced sale of its coil coatings business to BlueScope Steel Limited ("BlueScope") in an all-cash...

Mill Point Capital LLC ("Mill Point Capital"), a private equity firm focused on control-oriented investments in the industrials, business services and IT services sectors, announced today a majority sale of KKSP Precision Machining LLC ("KKSP"), one...