News by subject: Divestiture

Cannae Holdings, Inc. ("Cannae" or the "Company") today announced that it has sold its 20% interest in Optimal Blue Holdco, LLC (Optimal Blue) to Black Knight, Inc. for total consideration of $578 million. William P. Foley II, Chairman of Cannae,...

JBG SMITH , a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, entered into a definitive agreement with affiliates of Fortress Investment Group LLC ("Fortress") to form a joint venture to recapitalize a...

PSG, a leading growth equity firm partnering with middle-market software and technology-enabled services companies to help accelerate their growth, and investment fund Blue Star Innovation Partners ("BSIP") today announced they have sold Payrix to...

Nashville-based Crimson Ventures and its joint-venture partner Cedar Rock Capital announced that they have successfully exited from ownership of the Hilburn Apartments in Pensacola, Fla. Their partnership was created to acquire and manage multifamily...

NuStar Energy L.P. announced today that it has entered into an agreement to sell its terminal in Nova Scotia, Canada to EverWind Fuels for $60 million. The 7.8 million-barrel storage terminal is located at Point Tupper on the Strait of Canso, near...

Hussey Seating Company, the world leader in designing, developing and manufacturing telescopic and fixed seating solutions has sold their portable chair line, Clarin by Hussey Seating, to California based Spec Seats. Hussey Seating cites the sale as...

Blue Sage Capital ("Blue Sage") announced today that it closed on the sale of Americo Manufacturing Co. ("Americo") to Fibrix Filtration, a provider of high loft and pleat media filtration products. Americo is a manufacturer of specialty nonwoven...

L2 Capital Partners, L.P. ("L2" or "L2 Capital") (www.L2Capital.net) is pleased to announce the sale of Insight 2 Design, Inc. and Elevate, LLC (collectively "Worldwide Camping Holdings" or the "Company") to Clearview Capital. This transaction...

Belden Inc. , a leading global supplier of specialty networking solutions, today reported fiscal fourth quarter and full year 2021 results for the period ended December 31, 2021. The Company also announced a definitive agreement to divest its...

Compañia de Minas Buenaventura S.A.A. ("Buenaventura" or "the Company") , Peru's largest publicly-traded precious metals mining company, today announced multiple transactions demonstrating continued success in enhancing balance sheet strength and the...

Newell Brands Inc. announced today that it has signed a definitive agreement to sell the Connected Home & Security (CH&S) business to Resideo Technologies, Inc. , a leading global provider of home comfort and security solutions and distributor of...

Toshiba Corporation (TOKYO: 6502) ("Toshiba" or the "Company"), as part of its Toshiba IR Day, today provided an update on its November 12, 2021 strategic reorganization announcement. Toshiba announced its intention to separate the Company into two...

American Water Works Company, Inc. , the largest publicly traded U.S. water and wastewater utility company, today announced the close of the sale of its utility operations in Michigan to Ullico, Inc.'s infrastructure business, through its portfolio...

Takeda (TOKYO:4502/NYSE:TAK) today announced strong financial results for the third quarter of its fiscal year 2021 (period ended December 31, 2021) driven by robust topline growth of its 14 global brands. Based on the strong third-quarter results...

Follett Corporation today announced the sale of its corporate entity as well as Follett Higher Education (FHE), the company's collegiate retail and Follett ACCESS business, to a group of private investors led by Jefferson River Capital LLC. (JRC) a...

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Medical Knowledge Group, LLC (MKG), a portfolio company of Court Square Capital Partners (Court Square) and Aisling Capital (Aisling), on its sale...

Today, privately held Navitor Pharmaceuticals, LLC ("Navitor"), announced that Janssen Pharmaceuticals, Inc. ("Janssen"), one of the Janssen Pharmaceutical Companies of Johnson & Johnson has acquired Anakuria Therapeutics, Inc., ("Anakuria"), a...

Exelon Corp. today announced it has completed the separation of Constellation Energy Corp., Exelon's former power generation and competitive energy business. Exelon's transmission and distribution utility business will continue to be called Exelon...

Grupo Torresur ("GTS"), a pioneer in developing the independent telecommunications tower market in Brazil, has signed an agreement to sell one of its portfolio companies, São Paulo Cinco Locação de Torres Ltda. ("SP5"), to IHS Holding Limited for...

Consolidated Communications Holdings, Inc. ("Company") announced today it has completed the sale of its Ohio assets to Hanson Communications of Ohio, LLC, an affiliate of Hanson Communications, Inc. The sale aligns with the Company's strategic...

Hexion Holdings Corporation ("Hexion" or the "Company") today announced that it has completed the sale of its epoxy-based Coatings and Composite businesses, which includes the epoxy specialty resins and base epoxy resins and intermediates product...

Syngenta Crop Protection has acquired two next generation bioinsecticides, NemaTrident® and UniSpore®, to combat increasing resistance and a wide range of insects and pests across horticulture and ornamentals, turf amenity and forestry, giving...

Corporate Office Properties Trust ("COPT" or the "Company") has sold 100% of COPT DC-6 ("DC-6"), the only asset in the Company's Wholesale Data Center reporting segment, to an investment vehicle managed by Cloud Capital, an affiliate company of...

DCG Acquisitions, a Dave Cantin Group (DCG) company, today announced the successful completion of an acquisition by SuperStore Auto Group of Delray Auto Group's three dealerships Delray Hyundai, Delray Genesis, and Delray Acura. "This is the 7th...

Adtalem Global Education Inc. , a leading healthcare educator, announced today it will hold a conference call to discuss its fiscal 2022 second quarter results and its recent agreement to sell its financial services segment on Tuesday, Feb. 8, 2022,...

Adtalem Global Education , a leading provider of professional talent to the healthcare industry, announced today it has entered into a definitive agreement to sell its Financial Services segment, which includes ACAMS (Association of Certified...

Today, McAfee Corp. , a global leader in online protection, provided an update regarding its pure-play consumer offering and the previously announced divestiture of its enterprise business. In July 2021, McAfee completed the sale of its enterprise...

Save A Lot, one of the largest discount grocery chains in the U.S., today announced the completion in December of the sale of 33 company-owned stores across the greater Orlando area to Ascend Grocery, LLC, as part of the discount grocer's ongoing...

CyrusOne Inc. , a premier global data center REIT, announced today it has entered into a definitive agreement with DataBank Holdings Ltd. ("DataBank") for the sale of its four Houston data center assets. Under the terms of the agreement, DataBank...

Phillips 66 Partners LP announces that the board of directors of its general partner declared a fourth-quarter 2021 cash distribution of $0.875 per common unit. The quarterly distribution is payable Feb. 14, 2022, to unitholders of record as of Jan....

Stratus Properties Inc. ("Stratus" or the "Company") announced today that the anticipated closing date for its previously announced sale of Block 21 to Ryman Hospitality Properties, Inc. has been extended, as both parties continue the process of...

Daiichi Sankyo Company, Limited and Daiichi Sankyo, Inc. (hereafter, Daiichi Sankyo) have entered into an agreement with Cosette Pharmaceuticals, Inc. whereby Daiichi Sankyo divested and Cosette acquired rights for manufacturing, commercialization,...

The ODP Corporation ("ODP" or the "Company") , a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform, today announced that its Board of Directors determined to...

Inland Venture Partners, LLC ("Inland Venture Partners"), the private equity real estate arm of Inland Real Estate Investment Corporation ("Inland Investments"), today announced that MH Ventures 2019-1, LLC, a Delaware limited liability company ("the...

Ben Bridge Jeweler, the distinguished family-run fine watch and jewelry retailer, announces that it intends to transfer ownership of its Pandora Stores to Pandora Group. Targeted for early March, Pandora, the world's largest jewelry brand, will...

RLJ Lodging Trust (the "Company") today announced that it has acquired the 170-room Moxy Denver Cherry Creek ("Moxy Cherry Creek") for a purchase price of $51.3 million, or approximately $301,000 per key and completed the disposition of the 764-room...

ExchangeRight brought its $23 million Net-Leased Portfolio 5 DST full cycle on behalf of its investors. In connection with the closing, ExchangeRight provided the investors in the portfolio with the option to perform another 1031 exchange, receive...

Odyssey Investment Partners, LLC ("Odyssey"), a middle-market private equity firm, today announced it has sold its portfolio company Addison Group ("Addison"), a leading, Chicago-based professional services firm specializing in talent solutions and...

O2 Investment Partners ("O2" or the "Firm") is pleased to announce the recent sale of its portfolio company, Mantis Innovation Group ("Mantis" or the "Company") to Gemspring Capital ("Gemspring"). Headquartered in Houston, Texas, Mantis provides...

American Water Works Company, Inc. , the largest publicly traded U.S. water and wastewater utility company, today announced the close of the sale of its regulated operations in New York to a subsidiary of Liberty Utilities Co. ("Liberty"), the...

Alpine Investors ("Alpine"), a people-driven private equity firm, today announced the sale of its portfolio company, MidAmerica Administrative & Retirement Solutions ("MidAmerica") to U.S. Retirement & Benefits Partners ("USRBP"). MidAmerica...

Intevac, Inc. , ("Intevac" or the "Company), a leading supplier of thin-film processing systems, today announced the sale of its Photonics business ("Photonics") to EOTECH LLC, a privately-held optical technology company ("EOTECH"). The transaction,...

Abraxas Petroleum Corporation, a Nevada corporation ("Abraxas" or the "Company") , today announced (i) the cash sale of its Williston Basin assets to Lime Rock Resources for $87.2MM, (ii) the repayment of all of its revolving credit facility and...

The ODP Corporation , a leading provider of business services, products, and digital workplace technology solutions through an integrated B2B distribution platform, today announced that it has sold its CompuCom Systems subsidiary to an affiliate of...

Trinity Industries, Inc. ("Trinity" or the "Company") announced today the completion of the previously announced sale of its highway products business for $375 million in cash subject to certain adjustments based on levels of cash, debt, and working...

Vector Group Ltd. ("Vector Group") has completed the spin-off of Douglas Elliman Inc. ("Douglas Elliman") into a standalone, publicly traded company. Douglas Elliman's common stock will begin "regular way" trading on the New York Stock Exchange...

Intel Corporation today announced it has completed the first closing of the sale of its NAND and SSD business, selling its SSD business (including the transfer of certain NAND SSD-associated intellectual properties (IP) and employees) and the Dalian...

Tredegar Corporation today reported that it has completed the sale of its approximate 18% ownership interest in kaleo, Inc ("kaléo") pursuant to an agreement dated November 28, 2021, whereby Marathon Asset Management provided kaléo shareholders a...

CenterOak Partners LLC ("CenterOak"), a Dallas-based private equity firm, and its affiliate CenterOak Equity Fund I ("Fund I"), today announced the sale of Vivify Specialty Ingredients ("Vivify" or the "Company"), a leading supplier of specialty...

Citi today announced it has reached agreement with UnionBank of the Philippines (hereafter "UnionBank") on the acquisition of Citi's consumer banking franchise in the Philippines. The transaction covers Citi's local credit card, unsecured lending,...