News by subject: Divestiture

General Electric Company ("GE") today announced that its Board of Directors has approved the previously announced spin-off of GE Vernova.1 The company is expected to begin trading on the New York Stock Exchange ("NYSE") on April 2, 2024, under the...

VSE Corporation ("VSE" or the "Company") , a leading provider of aftermarket distribution and repair services, announces three significant strategic actions to transform its portfolio and strengthen its position in the Aviation aftermarket. The...

Dole plc ("Dole" or the "Group") has today announced that it has reached an agreement to sell its 65% equity stake in Progressive Produce LLC ("Progressive Produce" or the "Company") to PTF Holdings, LLC ("PTF Holdings"), the parent company of...

Stratus Properties Inc. ("Stratus" or the "Company") today announced that it completed the previously disclosed sale of approximately 47 acres at Magnolia Place for $14.5 million. The sale generated pre-tax net cash proceeds to Stratus of...

Mill Point Capital LLC ("Mill Point Capital"), a private equity firm focused on control investments in middle-market companies in North America across the Business Services, Industrials and IT Services sectors, announced today a sale of Prime...

Amidst unprecedented challenges across the health care industry and within its system, Steward Health Care announced today a six-point action plan that will enable the organization to emerge as a sustainable business and move into its next...

Michael D. Eisner's Tornante Company and Madison Dearborn Partners ("MDP") today announced that they have sold TDS Gift Cards to Ziff Davis in an all-cash transaction. The sale marks the last piece of the former Topps companies portfolio, which was...

Exxe Group, Inc. , ("Exxe" or the "Company") a diversified fintech company, is pleased to announce that the Company has published its results for the period ended December 31, 2023. Business Highlights Exxe Group experienced a significant Quarter...

Newmont Corporation (Newmont or the Company) today announced key actions that together will deliver on its clear and consistent strategy. "Newmont's go-forward portfolio is the new standard for gold and copper mining," said Tom Palmer, Newmont's...

BuzzFeed, Inc. today announced the closing of its sale of Complex to NTWRK to form a new and wide-ranging destination for the future of commerce and media, in an $108.6 million all cash deal. In addition to the $108.6 million purchase price, the...

Align Capital Partners ("ACP") announced today that its portfolio company SEAM Group (the "Company") has entered into a definitive agreement to be acquired by ABB. SEAM Group is a provider of energized asset management and advisory services to over...

Brown-Forman Corporation announced the sale of its cooperage in Trinity, Alabama, to Independent Stave Company (ISCO). The cooperage will continue to make barrels for the Jack Daniel Distillery as part of a strategic relationship between the...

Liberty Global Ltd. (Liberty Global) today announces its intention to spin-off 100% of Sunrise to Liberty Global shareholders. The transaction aims to maximize shareholder value by crystallizing the value of Sunrise, allowing shareholders to fully...

GE today announced the filing of its Form 10 registration statement with the U.S. Securities and Exchange Commission ("SEC") for the planned spin-off of GE Vernova. A copy of the Form 10 is available on the SEC website at www.sec.gov. Downloadable...

AngioDynamics, Inc. , a leading and transformative medical technology company focused on restoring healthy blood flow in the body's vascular system, expanding cancer treatment options and improving patient quality of life, today announced that it has...

Xponential Fitness, Inc. , the largest global franchisor of health and wellness brands, today announced it has completed the divestiture of its brand STRIDE Fitness to Stride Fitness Franchising, Inc., which is owned by Shaun Grove. Mr. Grove is the...

Benson Hill, Inc. , an ag tech company unlocking the natural genetic diversity of plants, announced today that it has successfully retired its senior debt facility and divested its Creston, Iowa, soy processing business to White River Soy Processing...

Valesco Industries is pleased to announce it has completed the sale of its interests in Drug Free Sport International ("DFSI") to CPC. Valesco made a control investment in DFSI in January 2017, and subsequently merged with IDTM, based in Stockholm,...

Sonic Foundry, Inc. , the trusted leader in developing comprehensive video recording and streaming solutions for corporations, health care organizations and government entities today announced that it has successfully completed the sale of its...

Trexon, a leading provider of specialized interconnectivity solutions, announced the sale of its Industrial Products Group (IPG) to Amphenol Corporation. The divestiture encompasses the brand portfolios of TPC Wire & Cable, Pittsburgh Wire and Cable,...

Tailwind Capital ("Tailwind") has completed the sale of Fund III portfolio company Loenbro, LLC ("Loenbro" or the "Company"), a provider of highly technical, specialized services to the infrastructure, data center, industrial, and energy markets, to...

altafiber, provider of integrated communications solutions over its fiber-optic network to residential and business customers in Ohio, Kentucky, and Indiana, and TowerBrook Capital Partners ("TowerBrook"), the New York and London-based international...

Tellurian Inc. (Tellurian) announced today it has asked its financial advisor, Lazard, to explore opportunities for the sale of Tellurian's upstream business. Chief Executive Officer Octávio Simões said, "As we commercialize Driftwood LNG,...

Jefferies Financial Group Inc. announced today that, consistent with its strategy to build the leading independent global Investment Banking and Capital Markets firm, Jefferies agreed to the sale by OpNet S.p.A (the Italian wireless broadband...

The Stephens Group, LLC ("The Stephens Group") today announced that it has closed its previously announced sale of Summit Industrial Construction, LLC ("Summit") headquartered in Houston, Texas, to Comfort Systems USA, Inc. ("Comfort Systems")....

One Equity Partners ("OEP") today announced that it has completed the sale of Computer Design and Integration LLC ("CDI" or the "Company") to AHEAD, a leading provider of digital platforms for data, AI, infrastructure, and software development. Terms...

FIS® , a global leader in financial technology, today announced the completion of the previously announced sale of a majority stake in its Worldpay Merchant Solutions business to private equity funds managed by GTCR in a transaction valuing the...

Tenet Healthcare Corporation today announced that it has completed the sale of three of its hospitals and related operations in South Carolina to Novant Health for approximately $2.4 billion. Tenet also announced it has entered into a definitive...

Funds controlled by Loci Capital Op Fund GP, LLC, an affiliate of Loci Capital Group, LLC ("Loci"), a leading private real estate fund manager, completed the divestment of Pomelo Park Apartments, a 240-unit garden style apartment community in the Lee...

Utz Brands, Inc. ("Utz" or the "Company"), a leading U.S. manufacturer of branded salty snacks, today announced that certain of its subsidiaries including Utz Quality Foods, LLC have entered into a definitive agreement for the sale of certain assets...

Essential Utilities, Inc. today closed the sale of its three non-utility microgrid and district energy properties in Allegheny County to Cordia, a sustainability-driven energy solutions provider. The agreement is valued at $165 million. The...

Littlejohn & Co. LLC ("Littlejohn"), a private investment firm based in Greenwich, CT, today announced that it has entered into a definitive agreement to sell Dana Kepner Company, LLC, ("Dana Kepner" or the "Company"), a premium supplier of water...

Carlisle Companies Incorporated , a leading supplier of innovative building products and solutions, today announced the signing of a definitive agreement to sell Carlisle Interconnect Technologies ("CIT") to Amphenol Corporation in a transaction...

Permian Resources Corporation ("Permian Resources" or the "Company") today announced a series of recent portfolio optimization transactions consisting of two bolt-on acquisitions, a sizeable acreage swap, a divestiture of non-core assets and...

2seventy bio, Inc. , announced today that it is transforming the Company to focus exclusively on the commercialization and development of Abecma (idecabtagene vicleucel), its BCMA-targeted CAR T therapy for multiple myeloma. The actions announced...

REV Group, Inc. , a manufacturer of industry-leading specialty vehicle brands, announced today a series of strategic actions aimed at optimizing its product portfolio and balance sheet. Effective January 26th, 2024, the company has completed the sale...

Southeastern Grocers Inc. (SEG) today announces the completion of its strategic divestiture of Fresco y Más to Fresco Retail Group, LLC. SEG continues to own and operate Harveys Supermarket and Winn-Dixie grocery stores. Anthony Hucker, President...

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client LocalSodFarm.com to Forge Equity Partners. The transaction closed January 19, 2024. Founded in 2020, and...

Haig Partners LLC, the leading buy-sell advisory firm to auto, heavy truck and RV dealers in the U.S., served as the exclusive sell-side advisor to the owners of Shockley Honda on its sale to Chris Ourisman and Ourisman Automotive Group. Shockley...

MariaDB plc today announced that it has completed a spinoff of its geospatial business to CubeWerx, an independent entity and leader in geospatial products and services. "We are happy to see this powerful geospatial solution continue under its...

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Tail Wind Informatics to Trace3, LLC. The transaction closed January 2, 2024. Located in Minnetonka,...

Citizens Holding Company (the "Company") , the holding company for The Citizens Bank of Philadelphia (the "Bank"), today announced it has executed an agreement for sale-leaseback of 3 of its currently owned properties. The properties will be sold for...

CPSI , a healthcare solutions company, today announced that the Company has divested its subsidiary, American HealthTech, Inc. (AHT), a leading provider of electronic health record (EHR) solutions to the post-acute care market, to PointClickCare....

Godspeed Capital Management LP ("Godspeed Capital"), a lower middle-market Defense & Government services, solutions, and technology focused private equity firm, announced today the successful sale of MOREgroup (the "Company") to Wind Point Partners...

GeoPark Limited ("GeoPark" or the "Company") , a leading independent Latin American oil and gas explorer, operator and consolidator, today announces its operational update for the three-month period ended December 31, 2023 ("4Q2023"). Oil and Gas...

Moda Midstream ("Moda") announced today that the company and its financial sponsor EnCap Flatrock Midstream completed the previously announced sale of Moda's 50 percent interest in the Vopak Moda Houston terminal joint venture to Madrid-based Exolum,...

Swander Pace Capital ("SPC"), a leading private equity firm specializing in consumer product companies, announced the sale of Patriot Pickle, a manufacturer and distributor of high-quality refrigerated pickles across the United States to restaurant...

Monomoy Capital Partners, a private investment firm focused on private equity and credit investing in the middle market, is pleased to announce it has entered into a definitive agreement to sell Sportech, a leading designer, manufacturer and...

Golden Entertainment, Inc. ("Golden Entertainment" or the "Company") announced today that it completed the previously disclosed sale of its distributed gaming operations in Nevada ("Nevada Distributed Gaming Operations") to an affiliate of J&J...

Sunlight Financial Holdings Inc. ("Sunlight"), a leading point-of-sale finance company advancing the clean energy transition with technology-driven solutions, today announced a significant transaction in partnership with Cross River Bank ("Cross...