News by subject: Divestiture

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with over $45 billion of equity capital under management, announced today the sale of its portfolio company, Hart & Cooley ("H&C" or the "Company"), to DuraVent, Inc....

Global professional services firm Huron today announced it has entered into a definitive agreement to divest its life sciences commercial and R&D strategy, pricing and market access strategy business (the "Life Sciences Business") to Oliver Wyman....

L3Harris Technologies has completed the sale of its Electron Devices and Narda Microwave-West businesses to Arlington Capital Partners, a Washington, DC-area private equity firm. Proceeds from the divestitures are expected to be used for share...

Argo Group International Holdings, Ltd. , an underwriter of specialty insurance, today announced an agreement to sell its Brazilian operations, Argo Seguros Brasil S.A. ("Argo Brazil"), to Spice Private Equity Ltd. ("Spice PE"), an investment company...

On October 1, 2021, Retail Value Inc. closed on the sale of the previously announced portfolio of five continental U.S. properties for $264 million prior to closing costs, prorations and other closing adjustments. Subsequent to the transaction, the...

The Allstate Corporation today announced that it has obtained all required regulatory approvals and closed the sale of Allstate Life Insurance Company of New York (ALNY) to Wilton Re for approximately $400 million. "Closing on the sale of ALNY is a...

Generational Capital Markets, Member FINRA/SIPC and a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of the controlling interest in its client, Roadrunner Restoration, Inc. to Achates Ventures,...

J2 Global, Inc. ("J2 Global") today announced that "when-issued" trading of Consensus Cloud Solutions, Inc. ("Consensus") common stock and Ziff Davis, Inc. ("Ziff Davis") common stock will begin on September 30, 2021, on the Nasdaq Global Select...

The Rohatyn Group ("TRG"), a global asset management firm with expertise in emerging markets and real assets, today announced that portfolio company Sansera Engineering Limited ("Sansera") was admitted to listing on the BSE (formerly, Bombay Stock...

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $45 billion of equity capital under management, announced today that one of its affiliates has entered into a definitive agreement to sell Trace3 (the "Company") to...

Rand Capital Corporation ("Rand"), a business development company ("BDC"), announced today that it sold all of its equity holdings in Centivo Corporation for gross proceeds of approximately $2.4 million. Centivo was held at a fair value of $1.4...

Condor Hospitality Trust, Inc. (the "Company") announced today that it has entered into an agreement with affiliates of Blackstone Real Estate Partners to sell its entire portfolio of hotels in a $305 million transaction. This is an all cash...

Vista Equity Partners ("Vista"), a leading global investment firm focused on enterprise software, data and technology-enabled businesses, today announced that it has successfully completed the sale of UK-based Allocate Software ("Allocate"), a...

ViON Corporation, a solution provider and market leader in the design, delivery and maintenance of mission-critical IT infrastructure solutions, today announced it has agreed to sell its Cloud Services business, which includes its as-a-Service...

Liberty Global plc ("Liberty Global") , one of the world's leading converged video, broadband and mobile communications companies, today announced it has reached a definitive agreement to sell 100% of its operations in Poland to iliad S.A.'s Polish...

J2 Global, Inc. , announced that its Board of Directors approved its previously announced separation into two independent publicly traded companies ? J2 Global, Inc., which will be known as Ziff Davis, Inc. after the separation ("J2," "J2 Global" or...

Stratus Properties Inc. ("Stratus" or the "Company") today announced an agreement to sell The Santal for $152 million, or approximately $339 thousand per unit, in cash. The Santal is Stratus' wholly owned 448-unit garden-style, multi-family luxury...

JBG SMITH , a leading owner and developer of high-quality, mixed-use properties in the Washington, DC market, today announced the sale of 500 L'Enfant Plaza, a 215,000 square foot asset owned through partnership between JBG SMITH (49%) and Landmark...

On September 20, 2021, Aegon and Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG) were informed that the Budapest Metropolitan Court has rejected their joint appeal challenging the Hungarian Ministry of the Interior's decision to block...

Mr. Cooper Group Inc. ("Mr. Cooper" or "the Company") announced today that it has entered into a definitive agreement to sell its Xome Field Services unit to Cyprexx Services LLC ("Cyprexx"). The sale is expected to close during the fourth quarter of...

Olympic Steel, Inc. , a leading national metals service center, today announced the sale of substantially all of the Company's Detroit assets and operations to Venture Steel Inc. The sale price, which exceeded the book value of the net assets sold,...

Grey Mountain Partners ("Grey Mountain") has sold Dimex LLC ("Dimex" or the "Company") to Westlake Chemical Corporation ("Westlake"). Grey Mountain partnered with the Company in December 2013 with the goal of expanding Dimex' world-class...

H.I.G. Capital, ("H.I.G."), a leading global alternative asset management firm with $45 billion of equity capital under management, announced today that an affiliate has sold Fiora Bath Collections, S.L. ("Fiora" or the "Company") to The Engineered...

Cleaver-Brooks has divested Cleaver-Brooks, Inc. (the "Company"), a wholly owned subsidiary that holds asbestos and certain other assets and liabilities, to Cleaver Brooks Acquisition LLC, an affiliate of the Global Risk Capital Group of Companies...

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 Seattle, Washington on September 9, 2021 for a sale price of approximately $10.3 million....

Spectrum Brands Holdings, Inc. , a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, today announced it has entered into a definitive agreement to sell its...

DigitalBridge Group, Inc. ("DigitalBridge" or the "Company"), a leading global digital infrastructure REIT, today announced it has reached an agreement to sell its Wellness Infrastructure business (the "Wellness Sale") to an investment group...

EnPro Industries, Inc. , an industrial technology company, today announced the sale of its polymer components business to Edgewater Capital Partners, a private investment firm focused on performance materials, based in Cleveland, Ohio. Financial...

TechnipFMC plc (the "Company") (PARIS:FTI) announced today the sale of 17.6 million Technip Energies N.V. shares (the "Shares") through a private sale transaction (the "Sale") with HAL Investments, the Dutch investment subsidiary of HAL Holding, N.V...

The California Public Utilities Commission (CPUC) has approved the sale of the San Francisco headquarters complex of PG&E Corporation and Pacific Gas and Electric Company (together, "PG&E" or the "company") to a Hines company. The CPUC's Final...

B&G Foods, Inc. announced today that it has reached an agreement to sell its Portland, Maine manufacturing facility and 13.5 acre waterfront property to the Institute for Digital Engineering and Life Sciences. B&G Foods plans to move manufacturing...

Hess Corporation announced today that it has completed the previously announced sale of its subsidiary Hess Denmark ApS, which holds a 61.5% interest in the South Arne Field, to Ineos E&P AS for a total consideration of $150 million, effective...

Rayonier Advanced Materials Inc. (the "Company") announced today that it has completed its previously announced sale of its lumber and newsprint assets (the "Purchased Assets") to GreenFirst Forest Products Inc. ("GreenFirst"), a Canadian lumber...

Monomoy Capital Partners, a middle-market private investment firm focused on operational value creation, has sold Friedrich Air Conditioning to Rheem, a global manufacturer of HVAC equipment, water heaters, boilers and commercial refrigeration...

On August 27, 2021, Retail Value Inc. closed on the sale of the Company's 9 remaining properties in Puerto Rico for $550 million prior to closing costs, prorations and other closing adjustments. Subsequent to the transaction, RVI owns interests in 8...

MBF Healthcare Partners II, L.P. ("MBF"), a middle market healthcare focused private equity firm, announced today that it has sold Acorn Health, LLC ("Acorn Health") to Ontario Teachers' Pension Plan Board ("Ontario Teachers'"). Acorn Health, based...

Sverica Capital Management LP ("Sverica") announced today the sale of Women's Health USA ("WHUSA" or the "Company"), a provider of practice management and emerging value-based services, to Unified Women's Healthcare ("Unified"), a leading practice...

Mr. Cooper Group Inc. ("Mr. Cooper") announced today that it has entered into a definitive agreement to sell its Xome Valuations business to Voxtur Analytics Corp. ("Voxtur"). The sale is expected to close in the third quarter of 2021, subject to...

CenterOak Partners LLC ("CenterOak"), a Dallas-based private equity firm, today announced the completion of the sale of Cascade Windows ("Cascade"), to Cornerstone Building Brands, Inc. for a cash purchase price of $245 million. Based in Spokane...

Cornerstone Building Brands, Inc. (the "Company"), the largest manufacturer of exterior building products in North America, completed the previously announced sale of its Roll-up Sheet Door business to Janus International Group, Inc. ("Janus") in a...

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $45 billion of equity capital under management, is pleased to announce that its affiliate, H.I.G. Realty Partners, has sold two Las Vegas office investments, 8912-8918...

Fiesta Restaurant Group, Inc. ("Fiesta" or the "Company") today announced that it has completed the sale of all of the outstanding capital stock of Taco Cabana, Inc., the parent company of the Taco Cabana® business, to YTC Enterprises, LLC, an...

Ra Medical Systems, Inc. , a medical device company focused on commercializing its excimer laser system to treat vascular disease, announces the sale of its Pharos dermatology business to STRATA Skin Sciences for $3.7 million in cash. The Pharos...

H.I.G. Growth Partners ("H.I.G."), the dedicated growth capital investment affiliate of H.I.G. Capital, is pleased to announce the sale of its portfolio company, Telescope Inc., the leading provider of real-time fan engagement solutions for live...

Geneva Glen Capital ("GGC") completed the sale of Southeastern Health Care at Home ("Southeastern" or the "Company") to AccentCare, Inc. ("AccentCare"), a national leader in post-acute healthcare based in Dallas, TX. Southeastern is the largest...

KBS, one of the largest investors in premier commercial real estate, has sold Peakview Tower, a nine-story, 264,149 square-foot office tower in Greenwood Village, Colorado, within Denver's Southeast market. The property was purchased by a JV led by...

Jackson Financial Inc.1 ("Jackson") today announced that its Registration Statement on Form 10 has been declared effective by the Securities and Exchange Commission (SEC). The Registration Statement on SEC Form 10 includes information regarding the...

The Western Union Company , a global leader in cross-border, cross-currency money movement and payments, together with Goldfinch Partners, LLC ("Goldfinch"), a private equity firm investing in businesses at the forefront of digital transformation,...

Mercury Healthcare, the new brand for the separate enterprise-wide software, technology and data platform for health systems formerly known as Healthgrades, has announced its new name, as well as the sale of Healthgrades.com to Red Ventures. Going...

Inseego Corp. , a leader of 5G and intelligent IoT device-to-cloud solutions, today announced the successful completion of the sale of its South African operations of its Ctrack telematics and asset tracking business to an affiliate of Convergence...