News by subject: Divestiture

ExchangeRight, one of the nation's leaders in diversified real estate investments and strategies, announced that it has completed its 24th full-cycle event with the $34 million sale of its Net-Leased Portfolio 6 DST to a net-leased REIT, providing...

Compass Minerals , a leading global provider of essential minerals, today announced it has received an earnout payment of approximately R$88 million, or $18.5 million based on current exchange rates, associated with the sale of the company's South...

Farmland Partners Inc. (the "Company" or "FPI") sold approximately 303 acres of North Carolina farmland to a large solar power developer for $4 million on Wednesday. The Company realized a net gain of nearly $2.3 million, or 132%, on the...

Cornerstone Building Brands, Inc. ("Cornerstone Building Brands" or the "Company"), the largest manufacturer of exterior building products in North America, announced today that it has entered into a definitive agreement to sell its coil coatings...

Harris Williams, a global investment bank specializing in M&A advisory services, announces it is advising Forest Holidays, a leading owner and operator of environmentally sensitive cabins in the U.K., on its pending sale to Sykes Holiday Cottages...

Sun Capital Partners, Inc. ("Sun Capital"), a leading private investment firm focused on defensible businesses in growing markets with tangible performance improvement opportunities, today announced that an affiliate has signed a definitive agreement...

McKesson Corporation today announced that it has closed the transaction announced in November 2021 to sell its UK businesses to AURELIUS. This is another important step in advancing McKesson's commitment to streamline the business and fully exit the...

Serent Capital announced the sale of its portfolio company, Professional Health Care Network (PHCN) to The Vistria Group. PHCN is a home health care management services company that partners with health plans and providers to increase the access and...

Scientific Games Corporation, doing business as Light & Wonder, ("Light & Wonder" or the "Company") today completed the previously announced sale of its Lottery Business to Brookfield Business Partners L.P. for $5.8 billion in gross cash proceeds...

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Kane Logistics (Kane), a portfolio company of Harkness Capital Partners (Harkness), on its sale to ID Logistics. Kane is a value-added warehouse and...

Citi today announced that Ahli United Bank B.S.C. (AUB) has agreed to acquire Citi's consumer banking business in Bahrain. The transaction, which is subject to regulatory approvals, includes the retail banking, credit card and unsecured lending...

Liberty Global plc ("Liberty Global") today announced that it has completed the previously announced sale of UPC Poland to iliad S.A.'s Polish mobile subsidiary Play for an enterprise value of PLN 7.0 billion ($1.7 billioni). Net proceeds from the...

Eastman Chemical Company announced that it and certain of its subsidiaries have completed the previously reported sale of its adhesives resins business to Synthomer plc. The sale included the hydrocarbon resins (including Eastman Impera tire...

Newell Brands Inc. announced today that it has completed the sale of the Connected Home & Security business (CH&S) to Resideo Technologies, Inc. for a purchase price of $593 million, subject to customary working capital and transaction adjustments....

PPG today announced that it has agreed to divest certain business activities in Senegal, Ivory Coast, Cameroon, Gabon and Algeria to Océinde, an industrial group based in Réunion, France. Océinde will continue to offer the existing range of...

Dun & Bradstreet Holdings, Inc. ("Dun & Bradstreet") , a leading global provider of business decisioning data and analytics, today announced it has entered into an agreement to divest the assets of its business-to-consumer (B2C) marketing solutions...

The 19(a) distribution notices for ten Nuveen closed-end funds are now available. These informational notices provide further details on the sources of the funds' regular monthly or quarterly distributions and follows the most recent monthly and...

Halstatt Real Estate Partners, a real estate private equity firm, today announced the sale of the SunMeadows Portfolio, a three-property portfolio comprised of 538 units. Aqua at Windmeadows is located in Gainesville, Florida while The Boulevard and...

Citi today announced that it has reached an agreement with Axis Bank Limited (Axis) for the sale of Citi's consumer businesses in India. Axis was selected by Citi following an extensive and competitive auction process. The transaction comprises the...

Crane Co. , a diversified manufacturer of highly engineered industrial products, announced today that its Board of Directors has unanimously approved a plan to pursue a separation into two independent, publicly-traded companies to optimize investment...

Cushman & Wakefield today announced that the firm has reached a definitive agreement to transfer its business in Russia to a local operator. This transition of the business will allow the new owners to support Russian employees, while maintaining...

CenterPoint Energy, Inc. or "CenterPoint" continues to execute on its long-term strategic plan of becoming a pure-play regulated utility, with an improved business risk profile and strengthened balance sheet, to benefit both its customers and...

Today AT&T Inc.* announced that it has declared a stock dividend to effect the spin-off of 100% of AT&T's interest in WarnerMedia to AT&T's shareholders. The record date for the stock dividend is the close of business on April 5, 2022. This stock...

Audax Private Equity ("Audax") today announced that it has entered into a definitive agreement to sell Lifemark Health Group ("Lifemark" or the "Company"), a leading provider of physiotherapy, rehabilitation, and medical assessments in Canada, to...

Granite Construction Incorporated today announced the close of the sale of its trenchless and pipe rehabilitation services business ("Inliner") to Inland Pipe Rehabilitation, a portfolio company of investment affiliates of J.F. Lehman & Company for...

Envistacom, LLC will divest its technology development business unit, the Advanced Technologies Group (ATG), as a standalone business. The official name of the new company will be Apothym Technologies Group, LLC, but it will continue to be known as...

Audax Private Equity ("Audax") today announced that it has completed the sale of Stonewall Kitchen ("Stonewall" or the "Company"), a leading provider of branded specialty food and home good products, to TA Associates. Established in 1991 and...

Pine Wave Energy Partners, LLC ("Pine Wave" or "The Company") today announced that it has entered into a definitive agreement to sell certain Haynesville assets located in Caddo Parish, Louisiana, and Harrison and Panola Counties, Texas, to...

RLI Corp. ? RLI Corp. announced today that it has agreed to sell its minority interest in Maui Jim, Inc. For additional information, please refer to the Form 8-K filed today by RLI Corp. in connection with the transactions described herein which is...

In anticipation of closing the pending WarnerMedia transaction with Discovery, Inc. in the second quarter, AT&T* is laying out its updated strategy and financial outlook for the company moving forward. This includes detailed operational and...

Adtalem Global Education , a leading healthcare educator, announced today that it has completed the divestiture of its Financial Services segment, which includes ACAMS (Association of Certified Anti-Money Laundering Specialists), Becker Professional...

Audax Private Equity ("Audax") today announced that it has completed the sale of Smart Care Equipment Solutions ("Smart Care" or the "Company"), a leading provider of commercial kitchen equipment maintenance services, to Zone Climate Services, a...

Bayer and Cinven have entered into a definitive agreement regarding the sale of Bayer's Environmental Science Professional business for a purchase price of 2.6 billion U.S. dollars (2.4 billion euros), Bayer announced on Thursday. "This divestment...

VSS Capital Partners ("VSS"), a private investment firm investing in healthcare, business services and education, announced today that it has sold its interest in Caravan Health, Inc. ("Caravan" or "the Company"), a leader in enabling accountable...

Varsity Healthcare Partners ("VHP"), a leading healthcare services private equity investment firm, announced today the close of its sale of Probo Medical, LLC ("Probo" or "the Company") to Avista Capital Partners ("Avista"). Terms of the transaction...

TherapeuticsMD, Inc. ("TXMD" or the "Company") , an innovative, leading women's healthcare company, today announced that it has entered into a definitive agreement to divest its vitaCare Prescription Services (vitaCare) business to GoodRx , a...

INDUS Realty Trust, Inc. ("INDUS" or the "Company"), a U.S. based industrial/logistics REIT, announced today that it intends to sell its remaining office/flex buildings (the "Office/Flex Portfolio") and fully exit its legacy investment in office...

The Western Union Company , a global leader in cross-border, cross-currency money movement and payments, today announced the Company has completed the first closing of the divestiture of its Business Solutions segment to a consortium of Goldfinch...

CyrusOne Inc. ("CyrusOne"), a premier global data center REIT, today announced it has closed the previously announced sale of its four Houston data center assets to DataBank Holdings Ltd. ("DataBank"). Additionally, CyrusOne will lease the Houston...

Consolidated Communications Holdings, Inc. (the "Company" or "Consolidated"), a top 10 fiber provider in the U.S., today reported results for the fourth quarter and full-year 2021. "We had very strong execution on our fiber expansion and achieved...

Consolidated Communications Enterprise Services, Inc. ("Company") has entered into an agreement to sell its Kansas City assets to funds managed by Alinda Capital Partners. The asset sale is an all-cash transaction resulting from the Company's...

Welbilt, Inc. today announced that it has entered into a definitive agreement to sell its Manitowoc® Ice business ("Manitowoc Ice") to Pentair plc for approximately $1.6 billion in cash, on a cash free and debt free basis, subject to customary...

ConocoPhillips announced today that it has completed the sale of the subsidiary that indirectly owns its 54% interest in the Indonesia Corridor Block Production Sharing Contract (PSC) and a 35% shareholding interest in the Transasia Pipeline Company...

Allscripts Healthcare Solutions ("Allscripts") announced today that it has reached an agreement with Constellation Software Inc. , through its wholly-owned subsidiary N. Harris Computer Corporation ("Harris"), to sell Harris the net assets of...

East Point Energy, a leading energy storage developer, announced the sale of the Yadkins Energy Storage project to Aypa Power, a Blackstone portfolio company and developer, owner and operator of energy storage and hybrid generation assets. The 100 MW...

Adtalem Global Education Inc. , a leading healthcare educator, today announced its intent to enter into an accelerated share repurchase (ASR) agreement to repurchase an aggregate of $150 million of Adtalem's common stock, which will be funded with...

Energy Transfer LP today announced the signing of a definitive agreement to sell its 51 percent interest in Energy Transfer Canada ULC (Energy Transfer Canada) to a joint venture which includes participation by Pembina Pipeline Corporation and...

BGSF, Inc. , a growing national provider of workforce solutions ("BGSF" or the "Company"), today announced it has signed a definitive agreement to sell substantially all its Light Industrial segment ("InStaff") assets to Jobandtalent ("J&T"), a...

iCapital,1 the leading global fintech platform driving access and efficiency in alternative investing for the asset and wealth management industries, today announced that iCapital has acquired Bank of Singapore's in-house private market feeder fund...

FSD Pharma Inc. (FRA: 0K9A) ("FSD Pharma" or the "Company"), a life sciences holding company dedicated to building a portfolio of assets and biotech solutions, announced today that it has entered into a firm agreement in connection with the sale of...