Le Lézard

News by subject: Divestiture

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6 december 2021

17:25
On December 6, 2021, Retail Value Inc. closed on the sale of Green Ridge Square (Grand Rapids, Michigan) for $23.3 million in cash prior to closing costs, prorations and other closing adjustments. Net proceeds received at closing were approximately...

09:50
NRG Energy Inc. has closed the previously announced sale of approximately 4,850 MWs of fossil generating assets from its East and West regions to Generation Bridge, an affiliate of ArcLight Capital Partners. At Closing, NRG received $620 million of...


3 december 2021

18:35
Watsonville Community Hospital has reached a preliminary agreement to sell its operations to a new healthcare district sponsored by the Pajaro Valley Healthcare District Project (PVHDP) to secure the hospital's future and continue its role as a...


2 december 2021

16:55
CenterPoint Energy, Inc. today announced it is taking steps to reduce the company's midstream exposure following the completion of Enable Midstream Partners, LP's merger with Energy Transfer LP . CenterPoint's 53.7% of Enable common units converted...

08:15
Total Safety Canada announces the divestiture of its occupational hygiene branch operation in Burnaby, British Columbia to SPI Health and Safety. Total Safety Canada will continue to provide national coverage for its clients providing safety...

08:05
Mr. Cooper Group Inc. ("Mr. Cooper Group" or "the Company") announced today that it has completed the sale of its Reverse servicing portfolio, operating under the Champion Mortgage brand, to Mortgage Assets Management, LLC and its affiliates. "We're...

07:05
Tailwind Capital ("Tailwind"), a leading private equity firm focused on services investments within select end-markets, has completed the sale of Cumming Group ("Cumming") to New Mountain Capital. As part of the transaction, Tailwind will retain an...


1 december 2021

16:50
Amphenol Corporation today announced that it has acquired Halo Technology Limited for approximately $715 million. Halo is headquartered in Tustin, California with operations in North America and Europe, and is a leading provider of active and...

16:40
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 its affiliate has completed the sale of AMES...

13:25
H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with over $45 billion of equity capital under management, is pleased to announce the sale of its portfolio company Sustana Group ("Sustana" or the "Company") to funds managed by...

07:35
Post Capital Partners today announced the sale of EC Waste, LLC, a fully integrated solid waste services provider in Puerto Rico, to 3i Group plc. The sale was completed on November 30. Financial terms were not disclosed. Post Capital partnered with...

04:05
Trinseo , a global materials company and manufacturer of plastics and latex binders, announced today the closing of the previously announced transaction to sell its synthetic rubber business based in Schkopau, Germany ("Synthetic Rubber" or the...


30 november 2021

16:10
AECOM , the world's trusted infrastructure consulting firm, today announced the signing of a definitive agreement to sell its Oil & Gas maintenance and turnaround services business to affiliates of Graham Construction. The business being divested is...

11:40
Blackstone and Cabot Properties Inc., a leading investor, developer and operator of logistics properties throughout the United States, Europe and Australia, today announced that two vehicles affiliated with Blackstone Real Estate have acquired $2.8...

08:15
General Mills today announced that it has completed the sale of its 51 percent controlling interest in its European Yoplait operations. As part of the transaction with Sodiaal, which was initially announced on March 23, 2021, General Mills acquired...


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...

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