News by subject: Divestiture

Carnegie Learning, a dynamic, progressive learning technology company, announced today that it has reached an agreement to sell Paradigm Education Solutions, a post-secondary provider of print and digital learning solutions, to Kendall Hunt...

Four years after developing a state-of-the-art charter school facility, the Turner-Agassi Charter School Facilities Fund has sold Franklin Academy's Pembroke Pines campus back to the school operator. The sale gives Franklin Academy full ownership...

Riddell, the leader in football helmet technology, today announced the divestiture and sale of certain assets associated with Kollege Town Sports, a division of the company's apparel business, to BSN SPORTS. Kollege Town is a team sports and...

McKesson Corporation today announced the commencement of an exchange offer for the split-off of its wholly-owned subsidiary, PF2 SpinCo, Inc. ("SpinCo"), which will hold all of McKesson's interest in Change Healthcare LLC ("Change Healthcare"), as...

Arconic Inc. ("Arconic") announced today that Arconic Rolled Products Corporation (the "Issuer"), which is currently a wholly-owned subsidiary of Arconic, closed its offering of $600,000,000 aggregate principal amount of 6.125% second-lien notes due...

Argo Group International Holdings, Ltd. ("Argo" or the "Company"), an international underwriter of specialty insurance and reinsurance products, today announced an agreement to sell its Trident Public Risk Solutions brand and underwriting platform...

Barnes Group Inc. , a global provider of highly engineered products, differentiated industrial technologies, and innovative solutions, today announced it has completed the divestiture of its Seeger-Orbis ("Seeger") business to the Kajo Neukirchen...

Belden Inc. , a leading global supplier of specialty networking solutions, today announced the signing of a definitive agreement to sell the Company's Live Media business ("Grass Valley") to Black Dragon Capital, a private equity firm with a focus on...

Power management company Eaton Corporation plc today announced that earnings per share were $1.09 for the fourth quarter of 2019. Excluding charges of $0.28 per share for acquisition and divestiture transaction and integration costs, and $0.09 per...

Takeda Pharmaceutical Company Limited (TOKYO:4502): Underlying Revenue declined -1.2% vs FY2018 Q3 YTD pro-forma2, expected to recover in Q4 resulting in flat to slightly increasing for the full year Takeda's 14 global brands, with reported...

Leading global investment firm KKR today announced that Korean real estate asset manager Pebblestone Asset Management will acquire BLK Pyeongtaek Logistics Center from a KKR-led consortium. BLK Pyeongtaek Logistics Center is a newly developed...

CIRCOR International, Inc. , a leading provider of severe service flow control solutions and other highly engineered products for markets including industrial, aerospace, defense, and energy, today announced it has completed the sale of its...

Alcoa Corporation, a global leader in bauxite, alumina, and aluminum products, today announced that it has completed the sale of Elemental Environmental Solutions LLC (EES), a wholly-owned Alcoa subsidiary that operates a 1,300-acre hazardous waste...

Regis Corporation , a leader in the haircare industry, whose primary business is franchising, owning, and operating technology enabled hair salons, today announced a transaction with Empire Education Group (EEG), an operator of accredited cosmetology...

The Sierra-Cedar Group, Inc. today announced it has entered into an agreement to sell Sierra-Cedar, Inc.'s ("Sierra-Cedar") Workday, Salesforce, and U.S. MuleSoft practices to Accenture. Financial terms of the transaction were not disclosed....

On January 30, 2020, Gardner Denver Holdings, Inc. ("Gardner Denver") and Ingersoll-Rand plc ("Ingersoll Rand") received unconditional clearance from the European Commission with respect to the proposed combination of the Industrial segment of...

Hilltop Holdings Inc. ("Hilltop") and Align Financial Holdings, LLC ("Align") today announced that they have entered into a definitive agreement for the sale of Hilltop's wholly owned subsidiary, National Lloyds Corporation ("National Lloyds"), to...

VSE Corporation a leading provider of distribution and repair services for land, sea and air transportation assets in the public and private sectors, today announced that it has entered into a definitive agreement to sell its subsidiary Prime...

Praesidian Capital Europe ("Praesidian"), a leading provider of growth capital in the United Kingdom and Northern Europe, announced today it has successfully exited its investment in Helideck Certification Agency Limited ("HCA"), an Aberdeen based...

Roadrunner Transportation Systems, Inc. ("Roadrunner" or the "company") , a leading asset-right transportation and asset-light logistics service provider, today announced it has signed a definitive agreement for the sale of its Prime Distribution...

Quad/Graphics, Inc. ("Quad" or the "Company"), a leading marketing solutions partner, announced today that it has reached a definitive agreement to sell its Omaha packaging plant for $40 million to Graphic Packaging International ("Graphic...

Cresco Labs ("Cresco Labs" or the "Company"), one of the largest vertically integrated multistate cannabis operators in the United States, today announced that it has closed on the agreement to sell its Yellow Springs, OH property to Innovative...

Arconic Inc. ("Arconic") announced today a proposed offering of second-lien notes (the "Notes") by Arconic Rolled Products Corporation (the "Issuer"), which is currently a wholly-owned subsidiary of Arconic. The timing of pricing and terms of the...

Rosewood Private Investments ("RPI") is pleased to announce the successful closing of the sale of its portfolio company, Novaria Group, to global investment firm KKR. Headquartered in Fort Worth, Texas, Novaria Group serves over 500 customers as a...

Pebblebrook Hotel Trust (the "Company") today announced that it executed a contract to sell the 422-room InterContinental Buckhead Atlanta in Atlanta, Georgia and the 237-room Sofitel Washington DC Lafayette Square in Washington, D.C. for $331.0...

Silgan Holdings Inc. , a leading supplier of rigid packaging for consumer goods products, announced today that it has signed a binding offer to acquire Albea's dispensing business for $900 million. This business is a leading global supplier of highly...

Last year, DeciBio Consulting announced the formation of DeciBio Analytics, a subsidiary entity that develops market intelligence informatics tools and technologies and informatics-oriented consulting work. With the mission to accelerate...

KBS, one of the largest owners of premier commercial real estate in the nation, has announced that it has sold Von Karman Tech Center, a 101,161-square-foot multi-tenant office building in Irvine, California. The property owned by KBS Growth & Income...

Atlas Financial Holdings, Inc. ("Atlas" or the "Company") today announced a non-binding letter of intent with Buckle, a technology-driven financial services company, to purchase the stock of Atlas' indirect subsidiary Gateway Insurance Company...

WeWork, the world's leading co-working and space-as-a-service platform, today announced that this month it has completed the sales of Teem and its minority stake in The Wing. The successful divestitures follow the December sale of Conductor and are...

Radian Group Inc. , announced today the sale of Clayton Services LLC to Covius Holdings, a leading provider of technology-enabled solutions to the financial services industry. Clayton Services, acquired by Radian as part of Clayton Holdings, provides...

Power management company Eaton today announced it has entered into an agreement to sell its Hydraulics business to Danfoss A/S, a Danish industrial company, for $3.3 billion in cash. This represents a 13.2 multiple of 2019 EBITDA. Eaton's...

VF Corporation today announced that it is commencing a review of strategic alternatives for the occupational portion of its Work segment. This strategic review is a reflection of management's continued focus on transforming VF into a more...

Praesidian Capital, a leading provider of capital for small and mid-sized businesses, announced today that it has successfully exited its investment in Resolution Economics, LLC ("Resolution" or the "Company"). Praesidian's exit was in concert with a...

Owens & Minor, Inc. announces today its intention to sell its European logistics business, Movianto, to EHDH Holding Group (EHDH), a privately held French company and one of Europe's leading providers of healthcare logistics services. "Owens &...

On January 15, 2020, Retail Value Inc. closed on the sale of the shopping center parcel of Newnan Crossing (Newnan, GA), which excludes the Lowe's component, for $11.6 million. Net proceeds were used to repay mortgage debt associated with RVI....

Covetrus , a global leader in animal-health technology and services, today announced that it has entered into a definitive agreement to sell its scil animal care business ("scil") to Heska Corporation ("Heska") for a purchase price of $125 million...

Harris Williams, a global investment bank specializing in M&A advisory services, announces that it has advised teamtechnik Maschinen und Anlagen GmbH (ttMA) on the sale of a majority stake in its subsidiary teamtechnik Production Technology Sp. z...

Takeda Pharmaceutical Company Limited (TOKYO:4502/NYSE:TAK) ("Takeda") will provide an update on the progress of its business transformation and priorities today at the 38th Annual J.P. Morgan Healthcare Conference. President and Chief Executive...

Today, ElmTree Funds ("ElmTree"), a leading real estate private equity manager, announced the sale of a majority position in a portfolio of predominantly industrial and office properties to Guggenheim Investments ("Guggenheim"). The gross asset value...

NortonLifeLock , a global leader in consumer cyber safety, today announced LexisNexis® Risk Solutions, part of RELX, has entered into an agreement to acquire ID Analytics (IDA), a trusted provider of credit and fraud risk solutions for enterprises,...

Human Longevity, Inc., an innovator in providing data-driven health intelligence and precision health to physicians and patients announced today that the Oncology Division was sold to NeoGenomics for $37 Million. The financing, a cash transaction,...

PVH Corp. [NYSE: PVH] announced today that it is updating its fourth quarter and full year 2019 earnings outlook in connection with its earlier announcement that it has entered into a definitive agreement to sell its Speedo North America business to...

Graycliff Partners LP today announced the completion of the sale of 901D Holdings, LLC (901D) to Curtiss-Wright Corporation for $132 million. 901D is a leading designer and manufacturer of mission-critical integrated electronic systems, subsystems...

Alaska USA Federal Credit Union (Alaska USA) and TCF National Bank (TCF Bank), a subsidiary of TCF Financial Corporation , today announced Alaska USA has signed a definitive agreement to acquire TCF Bank's seven branches located in the greater...

MCI Group, a leading Central European private equity firm with headquarters in Warsaw (Poland), announced today that their Fund MCI.EuroVentures is selling a portion of its shares in Netrisk, the leading online insurance brokerage in Hungary, to...

CEMEX, S.A.B. de C.V. ("CEMEX") announced today that one of its subsidiaries has signed an agreement for the sale of certain assets in the United Kingdom to Breedon Group (Breedon), for a total consideration of approximately U.S.$235 million, which...

Bristol-Myers Squibb Company announced today that it has completed its previously announced divestment of its oral solid, biologics, and sterile product manufacturing and packaging facility in Anagni, Italy, to Catalent...

American Financial Group, Inc. announced that it plans to exit the Lloyd's of London insurance market in 2020. It has initiated actions to place its Lloyd's subsidiaries including its Lloyd's Managing Agency, Neon Underwriting...

Occidental Petroleum Corporation today provided an update on its execution against key strategic and financial initiatives designed to maximize shareholder value following the close of its acquisition of Anadarko Petroleum ("Anadarko") on August 8,...