News by subject: Divestiture

On December 31, 2020, Allscripts closed the previously announced sale of its CarePort Health business to WellSky® Corporation for $1.35 billion. CarePort solutions assist hundreds of hospitals and thousands of post-acute care providers to...

CenterOak Partners LLC ("CenterOak"), a Dallas-based private equity firm, and its affiliate CenterOak Equity Fund I ("Fund I"), today announced the sale of Service Champions ("Service Champions" or the "Company"), the largest residential HVAC and...

Forum Energy Technologies, Inc. today announced that on December 31, 2020 it completed the sale of assets associated with its ABZ and Quadrant valve brands to Anvil and Smith-Cooper International. Total consideration for the transaction was $105...

Brightstar Corp. (Brightstar), the global leader of end-to-end device lifecycle management solutions, today announced it will sell its 51% stake in Brightstar India to an investment firm of a UK based Family Office. Brightstar is exiting the region...

Macquarie Infrastructure Partners II ("MIP II") announced today that it has completed the divestment of its 50% managed equity interest in Elizabeth River Crossings ("ERC") to a special-purpose vehicle majority owned and controlled by Abertis. ERC's...

Service Properties Trust , or SVC, today announced that it has completed the previously announced sale of ten Hawthorn Suites branded hotels with 1,212 rooms and a net carrying value of $30.4 million for an aggregate sales price of $41.0 million,...

Acadia Healthcare Company, Inc. ("Acadia" or the "Company") today announced that it has entered into a definitive agreement to sell its U.K. operations to Waterland Private Equity ("Waterland") for a purchase price of approximately £1,078 million....

CAI International, Inc. ("CAI" or the "Company") , is pleased to announce the closing of its previously reported agreement to sell all of its remaining railcar fleet to Infinity Transportation for $228.1 million. Timothy Page, Interim President and...

Save A Lot, one of the largest discount grocery chains in the U.S., today announced the latest update to its wholesale model transition with the sale of its 51 company-operated stores in the Tampa, Florida market to Fresh Encounter, a current Save A...

ProModel Corporation a leading provider of simulation based predictive & prescriptive analytic decision support solutions spun off the Government Services Business to a leading provider of data management, advanced analytics, artificial intelligence,...

Cerberus Capital Management, L.P. ("Cerberus"), a global leader in alternative investing, today announced that one of its affiliates has signed a definitive agreement to sell Sparton Corporation ("Sparton") to Elbit Systems of America, LLC ("Elbit...

Mill Point Capital, a private equity firm focused on control-oriented investments in the industrial, IT services and business services sectors, announced today the sale of Huntington Solutions, a leading provider of shape-molded packaging solutions...

On December 22, 2020, Retail Value Inc. closed on the sale of Plaza Palma Real (Humacao, PR) for $50.0 million prior to closing costs, prorations and other closing adjustments. Net proceeds were used to repay mortgage debt associated with RVI....

Customers Bancorp, Inc. , the parent company of Customers Bank and its operating division BankMobile (collectively "Customers"), today announced that it has been informed by Megalith Financial Acquisition Corp. ("Megalith") that at Megalith's...

McNally Capital ("McNally"), a leader in Direct Family Capital, is pleased to announce the sale of Genesys Aerosystems ("Genesys") to Moog Inc. . Genesys is a leading provider of integrated avionics systems for military, special-mission, and civil...

Equity Residential today announced that the Company has sold an apartment property in San Diego and used the sale proceeds to enhance its already strong financial position by addressing 2021 debt maturities. The Company sold Vantage Pointe, a...

Beacon (the "Company") announced the execution of a definitive agreement to sell its interior products business, consisting of 81 branch locations where it distributes construction products including wallboard, acoustical ceilings, steel framing and...

Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) ("Takeda") today announced that it has entered into an agreement to divest a portfolio of non-core prescription pharmaceutical products sold in China to Hasten Biopharmaceutic Co., Ltd....

Orion Engineered Carbons S.A. , a worldwide supplier of specialty and high-performance carbon black, today announced that it has completed a multi-year upgrade to its Qingdao, China facility. A new, state-of-the-art, cogeneration unit was installed,...

MEDNAX, Inc. , the national health solutions partner specializing in prenatal, neonatal, and pediatric services, today announced that it has completed the previously announced sale of MEDNAX Radiology Solutions to Radiology Partners for total...

Zayo Group Holdings, Inc. ("Zayo" or "the Company") today announced that it has completed the previously announced sale of the company's zColo data center assets in the U.S. and U.K. to DataBank. A second closing for zColo's data centers in France is...

San Francisco Equity Partners ("SFEP"), a private equity firm focused exclusively on partnering with growth-oriented companies in the consumer sector, announced today that it has sold Red Monkey Foods, Inc. ("Red Monkey") to Norwest Equity Partners....

Customers Bancorp ("the Company") is hosting a special webcast at 10 a.m. EST today with the investment community to discuss the pending divestiture of BankMobile Technologies, Inc. and offer commentary regarding the Company's mid-quarter financial...

MetLife, Inc. today announced that it has signed a definitive agreement to sell Metropolitan Property and Casualty Insurance Company and certain wholly owned subsidiaries to Farmers Group, Inc. (FGI), a subsidiary of Zurich Insurance Group, for...

Mountaingate Capital, a Denver-based private equity firm employing a proven, buy-and-build strategy that empowers lower middle market companies with strong growth potential and engaged leadership teams, is pleased to announce that it has sold its...

L Squared Capital Partners ("L Squared" or "the Firm") has successfully sold its equity interests in Learners Edge (the "Company") to Quad-C Management, Inc. ("Quad-C"). The sale of Learners Edge represents the fourth exit from L Squared's 2014...

Amulet Capital Partners, LP ("Amulet"), a middle-market private equity investment firm based in Greenwich, CT, focused exclusively on the healthcare sector, has closed the previously announced sale of its portfolio company, Synteract (the "Company"),...

AECOM , the world's premier infrastructure consulting firm, today announced the signing of a definitive agreement to sell its Civil construction business, which includes the Shimmick Construction business, to affiliates of Oroco Capital. The...

Kosmos Energy ("Kosmos" or the "Company") today announced that it has closed the previously announced transaction with B.V. Dordtsche Petroleum Maatschappij ("Shell"), a wholly-owned subsidiary of Royal Dutch Shell PLC (LSE: RDSA), to farm down...

Customers Bancorp, Inc. , the parent company of Customers Bank and its operating division BankMobile (collectively "Customers"), today announced that its Board of Directors has set December 18, 2020 as the record date for the previously announced...

Campbell Soup Company today reported results for its first-quarter fiscal 2021 and announced a 6% increase to its quarterly dividend. Continuing Operations Three Months Ended ($ in millions, except per share) Nov. 1, 2020   Oct....

NuStar Energy L.P. announced today that it has closed on the sale of its terminals in Texas City, Texas, to BWC Terminals for $106 million. The companies first announced this sale on November 2, 2020. "While it was a difficult decision, this...

Superior Drilling Products, Inc. ("SDP" or the "Company"), an innovator and manufacturer of drilling tool technologies, today announced that it has completed the sale-leaseback agreement for its facilities in Vernal, Utah, netting the Company $1.6...

JCPenney today announced that it has completed its previously announced sale, under which Simon Property Group ("Simon") and Brookfield Asset Management, Inc. ("Brookfield") have acquired substantially all of JCPenney's retail and operating assets...

Nordson Corporation today entered into a definitive agreement to divest the screws and barrels product line from its polymer processing systems (PPS) division to Altair Investments (Altair). This divestiture represents a portfolio realignment...

Rock Hill Capital Group ("Rock Hill") is pleased to announce the successful sale of its portfolio company Big City Access ("Big City") to BrandSafway. Founded in 2002, Big City Access is a premier provider of scaffolding and other access solutions...

LivaNova PLC , a market-leading medical technology and innovation company, and Gyrus Capital (Gyrus), an investment firm dedicated to investments in the healthcare and sustainability sectors, today announced they have entered into an agreement...

Waddell & Reed Financial, Inc. today announced it has entered into a merger agreement with Macquarie Asset Management, the asset management division of Macquarie Group , under which Macquarie would acquire all of the outstanding shares of Waddell &...

Colony Capital, Inc. ("Colony" or the "Company") announced today the sale and closing of its 51% ownership stake in the Colony Bulk Industrial Portfolio at a $400M total portfolio value. The transaction generated over $85M in net equity proceeds to...

Altice USA today announces it has closed the previously announced sale of 49.99% of its Lightpath fiber enterprise business to Morgan Stanley Infrastructure Partners (MSIP) for an implied enterprise value of $3.2 billion. Altice USA will retain a...

Grey Mountain Partners ("Grey Mountain") has sold 48forty Solutions, LLC ("48forty" or the "Company") to Audax Private Equity ("Audax"). Grey Mountain partnered with the Company in February 2018 with the goal of achieving operational excellence as a...

EnPro Industries, Inc. , a leading technology company using materials science to push boundaries in semiconductor, life sciences, and other technology-enabled sectors, today announced that it has completed the sale of its GGB bushing block business...

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 Celltrion Inc. ("Celltrion") for a total value of $278 million USD inclusive of...

Alcoa Corporation today announced an agreement to sell its rolling mill business, held by Alcoa Warrick LLC, to Kaiser Aluminum Corporation for total consideration of approximately $670 million, which includes $587 million in cash and the assumption...

Today Change Healthcare ,a leading independent healthcare technology company, announced the sale of its Capacity Management business to HealthStream, a leading provider of workforce and provider solutions for the healthcare industry. The sale...

CAI International, Inc. ("CAI" or the "Company") is pleased to announce that it has reached an agreement to sell all of its remaining railcar fleet to affiliates of Infinity Transportation for $228.7 million. The transaction is subject to...

Aegon has agreed to sell its insurance, pension and asset management business in Hungary, Poland, Romania and Turkey for EUR 830 million to Vienna Insurance Group AG Wiener Versicherung Gruppe (VIG). "This transaction will simplify Aegon's...

J. C. Penney Company, Inc. today announced that the U.S. Bankruptcy Court for the Southern District of Texas (the "Court") has confirmed the Company's Plan of Reorganization (the "Plan") to create separate property holding companies ("PropCos")...

Textron Inc. today announced that its TRU Simulation + Training Inc. subsidiary has reached a definitive agreement to sell certain of its non-U.S. businesses to CAE Inc., a global high-technology leader in training for civil aviation, defense and...

Sensient Technologies Corporation announced today that it has entered into a definitive agreement to sell its fragrance business to Symrise AG. As part of the transaction, Symrise will be acquiring Sensient's aroma chemical and fragrance compound...