News by subject: Divestiture

ORIX Capital Partners (OCP), a private equity platform of ORIX Corporation USA, announced the fund it manages has sold RoadSafe Traffic Systems, Inc. (RoadSafe) to Investcorp and Trilantic North America. Headquartered in Chicago, IL, RoadSafe is the...

The ODP Corporation , a leading provider of business services, products and digital workplace technology solutions through an integrated B2B distribution platform with an online presence and approximately 1,100 stores (the "Company"), announced today...

Fluor Corporation announced today the divestiture of its North American equipment and fleet services business, AMECO, to One Equity Partners for $73 million. This transaction is another significant step in completing the AMECO divestiture announced...

Power management company Eaton Corporation plc today announced that earnings per share were $1.14 for the first quarter of 2021. Excluding charges of $0.18 per share related to intangible amortization, $0.09 per share related to acquisitions and...

HCA Healthcare, Inc. , one of the nation's leading healthcare providers, today announced the signing of a definitive agreement to sell four of its hospitals in Georgia for approximately $950,000,000. HCA Healthcare has agreed to sell the following...

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised Velocity Clinical Research (Velocity), a portfolio company of NaviMed Capital (NaviMed), on its sale to Global Healthcare Opportunities, or GHO...

Tenet Healthcare Corporation today announced that it has completed the sale of its urgent care platform to FastMed for $80 million. The transaction includes the sale of 87 CareSpot and MedPost centers, which were previously managed by Tenet's United...

Mogo Inc. ("Mogo" or the "Company"), a digital payments and financial technology company, today announced it has sold its investment in Vena Solutions Inc. ("Vena") for proceeds of approximately $4.7 million, a 116% increase from the book value at...

Basic Energy Services, Inc. ("Basic" or the "Company") today announced it has entered into a purchase and sale agreement for the sale of certain non-core assets for a purchase price of $6.6 million, not including the assumption of certain capital...

Regulatory News: TechnipFMC (Paris:FTI) (ISIN:GB00BDSFG982): This press release is not an offer of securities for sale into the United States. The securities referred to herein have not been and will not be registered under the U.S. Securities Act...

TravelCenters of America Inc. today announced that it has completed the previously announced sale of its standalone restaurant business, which includes 42 locations primarily branded as "Quaker Steak & Lube" for aggregate proceeds of $5 million....

Medalist Diversified REIT, Inc. (the "Company" or "Medalist"), a Virginia-based real estate investment trust that specializes in acquiring, owning and managing value-add commercial real estate in the Southeast region of the U.S., previously...

Griffin Capital Company, LLC ("Griffin Capital"), a leading privately-held alternative asset manager, and Legacy Partners ("Legacy"), a privately-owned national multifamily development and management firm, announced today the sale of MODA at Monrovia...

On April 21, 2021, Retail Value Inc. closed on the sale of Uptown Solon (Solon, OH) for $10.1 million prior to closing costs, prorations and other closing adjustments. Ninety percent (90%) of net proceeds were used to repay mortgage debt associated...

FBL Financial Group, Inc. ("FBL Financial Group") today sent the following letter to shareholders regarding the previously announced definitive agreement under which Farm Bureau Property & Casualty Insurance Company ("FBPCIC") will acquire all of...

First Trust Senior Floating Rate Income Fund II (the "Fund") has declared the Fund's regularly scheduled monthly common share distribution in the amount of $0.0976 per share payable on May 17, 2021, to shareholders of record as of May 4, 2021. The...

Harris Williams, a global investment bank specializing in M&A advisory services, announces the sale of Corsearch, a portfolio company of Audax Private Equity (Audax), to Astorg. Corsearch's innovative brand risk and performance solutions provide an...

Regulatory News: ENGIE has announced the signing of a Sale Purchase Agreement with Taiwanese company TCC for its 60.5% stake in the share capital of ENGIE EPS (Paris:EPS). TCC, with an over $10 billion market capitalization, is one of the...

Colony Capital, Inc. ("Colony" or the "Company") today announced the monetization of additional Other Equity and Debt ("OED") portfolio holdings. The Company sold its 74% controlling interest in two high-quality office properties located in Dublin's...

On April 14, 2021, Retail Value Inc. closed on the sale of Plaza Vega Baja (Baja, PR) for $4.5 million prior to closing costs, prorations and other closing adjustments. Net proceeds were used to repay mortgage debt associated with RVI. Subsequent...

Sheridan Capital Partners ("Sheridan") is pleased to announce the sale of Canadian Orthodontic Partners ("the Company") to Pamlico Capital ("Pamlico"). Headquartered in Toronto and with a presence in 8 provinces, Canadian Orthodontic Partners is the...

Monomoy Capital Partners, a middle market private investment firm focused on operational value creation, announced today that it has entered into a definitive agreement to sell West Marine, Inc. (the "Company") to L Catterton, the largest global...

On April 13, 2021, Retail Value Inc. closed on the sale of Noble Town Center (Jenkintown, PA) for $14.0 million prior to closing costs, prorations and other closing adjustments. Ninety percent (90%) of net proceeds were used to repay mortgage debt...

Rayonier Advanced Materials Inc. ("RYAM"), a global leader in high purity cellulose pulp, and GreenFirst Forest Products Inc. ("GreenFirst"), a Canadian lumber company, announced today that the parties have entered into a binding asset purchase...

Ingersoll Rand Inc. , a global provider of mission-critical flow creation and industrial solutions, has entered into an agreement to sell its Specialty Vehicle Technologies Segment ("Club Car") to the global private equity firm Platinum Equity. The...

On April 9, 2021, Retail Value Inc. closed on the sale of Marketplace of Brown Deer (Brown Deer, WI) for $10.3 million prior to closing costs, prorations and other closing adjustments. Net proceeds were used to repay mortgage debt associated with...

Five Star Senior Living Inc. , or Five Star, today announced a new strategic plan to reposition its senior living management business to focus on larger independent living, assisted living and memory care communities as well as stand-alone active...

Hess Corporation announced today that it has entered into an agreement to sell its Little Knife and Murphy Creek acreage interests in the Bakken in North Dakota to Enerplus Corporation for a total consideration of $312 million, effective March 1,...

Compass Minerals , a leading global provider of essential minerals, today announced that the company has entered into a definitive agreement to sell certain of its North America micronutrient assets to Koch Agronomic Services, LLC (Koch), a...

MetLife, Inc. today announced the completion of its sale of Metropolitan Property and Casualty Insurance Company and certain wholly-owned subsidiaries to Farmers Group, Inc., a subsidiary of Zurich Insurance Group, for a purchase price of $3.94...

J2 Global, Inc. , a leading Internet information and services company, announced today that it completed one acquisition and two divestitures in the first quarter of 2021. The acquisition listed below grows J2's global customer base, provides access...

Cerberus Capital Management, L.P. ("Cerberus"), a global leader in alternative investing, today announced that one of its affiliates has completed the previously announced sale of Sparton Corporation ("Sparton" or the "Company") to Elbit Systems of...

Ironclad Energy Partners LLC ("Ironclad"), an affiliate of Stonepeak Infrastructure Partners ("Stonepeak"), has agreed to sell 100% of its indirect equity interests in RED-Rochester, LLC ("RED") and associated affiliates to SDCL Energy Efficiency...

Alcoa Corporation today announced it has completed the sale of the rolling mill and associated assets near Evansville, Indiana, held by Alcoa Warrick LLC, to Kaiser Aluminum Corporation. The sale closed on March 31, 2021. In accordance with the...

DXC Technology today announced that it has completed the sale of DXC's healthcare provider software business to the privately held Dedalus Group, a leading European healthcare and diagnostic software company, which is creating a stronger global...

Sun-Maid Growers of California today announced it will acquire Plum Organics, a leading premium, organic baby food and kids snacks brand, from Campbell Soup Company . Terms of the transaction were not disclosed. Plum offers a diverse portfolio of...

Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) ("Takeda") today announced the completion of its previously-announced sale of a portfolio of select products to Orifarm Group ("Orifarm") for a total value of up to $670 million USD. The...

PSG, a leading growth equity firm partnering with middle-market software and technology-enabled service companies to help them navigate transformational growth, today announced that it has signed a definitive agreement to sell Pineapple Payments, a...

Takeda Pharmaceutical Company Limited (TOKYO:4502) ("Takeda") today announced the completion of its previously-announced sale of Takeda Consumer Healthcare Company Limited ("TCHC") to Oscar A-Co KK, a company controlled by funds managed by The...

Performant Financial Corporation , a leading provider of technology-enabled cost containment and related analytics services, today reiterated its intention to focus future investments on the long-term growth and profitability of its Healthcare...

The Allstate Corporation has agreed to a transaction in which Wilton Re will pay $220 million to acquire Allstate Life Insurance Company of New York (ALNY). The transaction is expected to close in the second half of 2021, subject to regulatory...

Colony Capital, Inc. ("Colony Capital" or the "Company") today announced it has completed the final sale and assignment, as applicable, of six hospitality portfolios to Highgate and an affiliate of Cerberus Capital Management, L.P. ("Cerberus"). The...

The Board of Trustees ("the Board") of Voya Natural Resources Equity Income Fund (the "Fund") has approved a Plan of Liquidation and Termination for the Fund. The Plan of Liquidation and Termination is expected to take effect on or about June 11,...

NPC International, Inc. ("NPC" or the "Company") announced today that it has closed the sale transactions contemplated by its previously announced agreements with Flynn Restaurant Group ("Flynn") and Wendy's International, LLC ("Wendy's"), which...

Compass Minerals , a leading global provider of essential minerals, today announced it has entered into a definitive agreement to sell its South America specialty plant nutrition business to ICL Brasil Ltda., a subsidiary of ICL Group. The...

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 signed a definitive...

Sterling Bancorp, Inc. (the "Company") , the thrift holding company for Sterling Bank and Trust, FSB today announced that it has entered into an agreement with First Federal Savings & Loan Association of Port Angeles, a Washington state chartered...

Murphy Oil Corporation announced today that its subsidiary, Murphy Exploration & Production Company ? USA, has closed the previously announced transaction with a fund managed by ArcLight Capital Partners, LLC for the sale of Murphy's entire 50...

Today Mr. Cooper Group Inc. ("Mr. Cooper Group") announced the signing of a definitive agreement to sell its title business, which operates under the brand name Title365, to Blend Labs, Inc. for $500 million, consisting of $450 million in cash and a...

Allegion plc , through one of its subsidiaries, has closed on the sale of its Qatar Metal Industries (QMI) business to the HLD Group of Companies, a private industrial portfolio of companies based in the UK. Terms of the transaction, which closed on...