News by subject: Divestiture

AdvanSource Biomaterials Corporation ("AdvanSource" or the "Company"), a materials technology company specializing in medical grade polymers for long and short term applications, announced today that it has entered into a definitive Asset Purchase...

Private equity firm ClearLight Partners announced today that it has sold Richardson to Kartesia, an independent and privately-owned European investor in small and middle-market companies, which will merge Richardson with Kartesia's existing portfolio...

OpenGate Capital, a global private equity firm, announced today that it has completed the sale of Power Partners to Pioneer Transformers, a portfolio company of Mill Point Capital, a private equity firm based in New York. Power Partners was acquired...

Pebblebrook Hotel Trust (the "Company") announced that it closed on the sale of the 99-room Topaz Hotel in Washington, D.C. for $33.1 million to a third party on November 22, 2019. The sale price of $33.1 million reflects a 19.5x EBITDA multiple...

American Water Works Company, Inc. , announced today that it has entered into an agreement to sell its regulated New York operations to Liberty Utilities, the regulated utility business of parent company Algonquin Power & Utilities Corp. "This was...

Hologic, Inc. announced today that it has entered into a definitive agreement to sell its Cynosure medical aesthetics business to an affiliate of investment funds managed by Clayton, Dubilier & Rice for a total purchase price of $205 million in...

Jefferies Financial Group Inc. ("Jefferies") announced today that it has entered into a definitive agreement to sell its remaining 31% interest in National Beef to Marfrig Global Foods ("Marfrig"). This follows our original sale to Marfrig of a 48%...

Park Hotels & Resorts Inc. ("Park") today announced that it and its joint venture partners have closed on the sale of their interests in the company that owns the 192-room Conrad Dublin (the "Hotel") located in Dublin, Ireland, for gross proceeds of...

Louisiana Apple LLC, operating as Wisconsin Apple LLC, led by Seenu Kasturi, expanded its franchisee portfolio through the acquisition of 29 Applebee's restaurants in Wisconsin. Louisiana Apple LLC now operates 47 Applebee's restaurants across...

Occidental Petroleum Corporation ("Occidental" or "the Company") today provided an update on its speed and momentum executing against key strategic and financial initiatives designed to maximize shareholder value following the close of its...

Bunker Hill Capital, a leading Boston-based private equity investor in lower middle market companies, announced it has sold ASPEQ Heating Group LLC ("ASPEQ" or the "Company"), a St. Louis, MO based manufacturer of highly engineered electric-heating...

Horizon Discovery Group plc (LSE: HZD) ("Horizon", "the Company" or "the Group"), a global leader in the application of gene editing and gene modulation technologies, today announces an agreement to divest the Group's animal research models business...

Masco Corporation , one of the world's leading manufacturers of branded home improvement and building products, announced today the completion of the sale of Milgard Windows and Doors to MI Windows and Doors LLC for approximately $725 million....

Columbus McKinnon Corporation ("Company") announced today that it will be closing its Lisbon, Ohio factory and consolidating this operation into its facilities in Virginia and North Carolina. Mark Morelli, President and Chief Executive Officer...

Ortega National Parks (ONP) announces that Nolan Capital, Inc., the family office of Peter Nolan, has become the company's majority owner. This sale will enable ONP to continue expanding its operations, which now include retail, lodging and...

Audax Private Equity ("Audax"), in partnership with management, has completed the sale of AAMP Global ("AAMP", or the "Company") to The Halifax Group. Headquartered in Clearwater, FL, AAMP is a leading global supplier of vehicle and related...

(November 5, 2019) ? Nexstar Media Group, Inc. (the "Company") announced today that it entered into purchase and sale agreements with Fox Television Stations, LLC, a subsidiary of Fox Corporation ("FOX"), whereby Nexstar will purchase from FOX, the...

Roadrunner Transportation Systems, Inc. ("Roadrunner" or the "company") , a leading asset-right transportation and asset-light logistics service provider, today announced the sale of its Roadrunner Intermodal Services business to Universal Logistics...

LifePoint Health®, a leading healthcare company dedicated to Making Communities Healthier®, today announced that it has signed an agreement with Medical Properties Trust, Inc. ("MPT") for a sale-leaseback transaction in which it will transfer...

Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) ("Takeda") today announced that it has entered into an agreement to divest a portfolio of select products to STADA Arzneimittel AG ("STADA"), an international pharmaceutical company, for a...

TriMas today announced that TriMas Company, LLC, a wholly-owned subsidiary of TriMas Corporation, has entered into a definitive agreement to sell its Lamons business to First Reserve, a private equity firm focused on energy investing, for $135...

Cameron Holdings Corporation ("Cameron") announced today that its portfolio company Multi-Pack Holdings LLC ("Multi-Pack") has completed the sale of its Chicago, IL based PVA packaging division to U.S. Nonwovens, a Wind Point Partners portfolio...

Harris Williams, a global investment bank specializing in M&A advisory services, announces that it advised Yellowstone Landscape (Yellowstone), a portfolio company of CIVC Partners, LP (CIVC), on its sale to Harvest Partners, LP (Harvest Partners)....

Enerpac Tool Group announced today that the Company is now a premier pure play industrial tools & services company following the completed sale of the Engineered Components & Systems ("EC&S") segment to an affiliate of One Rock Capital Partners, LLC...

Belden Inc. , a leading global supplier of specialty networking solutions, today reported fiscal third quarter 2019 results for the period ended September 29, 2019. The Company also announced two significant outcomes of its comprehensive strategic...

NIKE, Inc. announced today it has reached a definitive agreement to sell the Hurley brand to Bluestar Alliance LLC. Terms of the transaction are not being disclosed and it is expected to be complete in December. "We appreciate how Bob and the...

Power management company Eaton Corporation plc today announced that earnings per share were $1.44 for the third quarter of 2019. Adjusted earnings per share, which exclude charges of $0.08 per share for acquisition and divestiture transaction and...

Community Health Systems, Inc. announced today that affiliates of the Company have signed a definitive agreement to sell three Virginia hospitals ? 300-bed Southside Regional Medical Center in Petersburg, 105-bed Southampton Memorial Hospital in...

Coty Inc. today announced that as part of its ongoing strategic review of its business, management and the Board of Directors have determined that moving forward the Company will focus more intently on its fragrance, cosmetics and skin care...

Adtalem Global Education , a leading workforce solutions provider, today announced it has signed an agreement to sell its Brazilian portfolio, Adtalem Educacional do Brasil, to YDUQS, the second largest education company in Brazil. This transaction...

Baker Hughes, a GE company announced today its successful name change to Baker Hughes Company. The Company will be known as Baker Hughes, and on Oct. 18, 2019, its Class A common stock will begin trading on the New York Stock Exchange under the...

Brentwood Associates ("Brentwood"), a consumer-focused private equity investment firm, announced it has entered into a definitive agreement to sell The Marshall Retail Group, LLC ("MRG"), to an affiliate of WH Smith PLC ("WH Smith"). MRG is America's...

SFW Capital Partners, a specialized private equity firm that invests in mid-sized companies providing software, analytical tools and workflow solutions, is pleased to announce the sale of DaySmart Software ("DaySmart") to LLR Partners and Parthenon...

Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) ("Takeda") today announced that it has entered into an agreement to divest a portfolio of select over-the-counter and prescription pharmaceutical assets in a number of Near East, Middle East...

ConocoPhillips today announced it has entered into an agreement to sell the subsidiaries that hold its Australia-West assets and operations to Santos for $1.39 billion, plus customary closing adjustments. In addition, the company will also receive a...

Campbell Soup Company announced it has completed the sale of its European Chips Business to Valeo Foods, a portfolio company of CapVest Partners LLP, for approximately £66 million (approximately $80 million based on current exchange rates). The...

MEDNAX, Inc. ("MEDNAX" or "the Company") and Frazier Healthcare Partners ("Frazier") today announced that they have entered into a definitive agreement under which MEDNAX will sell its MedData business to Frazier. MedData is a leading provider of...

First paragraph, first sentence of release should read: Limoneira Company (the "Company" or "Limoneira") , a diversified citrus packing, selling and marketing company with related agribusiness activities and real estate development operations, today...

Harris Williams, a global investment bank specializing in M&A advisory services, announces that it is advising National Seating & Mobility (NSM), a portfolio company of Court Square Capital (Court Square), on its pending sale to Cinven. NSM is a...

Senior Housing Properties Trust today announced that it has completed the sale of four assets for a total of $58 million. The sales include: A 205,439 square foot property located at 77 Corporate Drive, Bridgewater, NJ for $47.5 million. A...

Pebblebrook Hotel Trust (the "Company") today announced that it executed a contract to sell the 99-room Topaz Hotel in Washington, D.C. for $33.0 million to a third party. The contracted sale price reflects a 19.5x EBITDA multiple and a 4.4% net...

Kopin Corporation , a leading developer of innovative wearable computing technologies and solutions, announced that it has entered into an Asset Purchase Agreement (the "Purchase Agreement") with Solos Technology Limited (the "Buyer"). Pursuant to...

Nautic Partners, LLC ("Nautic") announced today that it has sold portfolio company Custom Window Systems, Inc. and related affiliates ("Custom" or "CWS") to Pella Corporation ("Pella"). Custom designs, manufactures, and markets custom-configured,...

Abraxas Petroleum Corporation ("Abraxas" or the "Company") today announced the execution of definitive agreements on two non-core asset sales in the aggregate totaling approximately $7.9 million. Both transactions are subject to certain due...

Evoqua Water Technologies today announced an agreement to divest its Memcor® membrane product line to DuPont Safety & Construction. The transaction, which includes the product line's global workforce, its manufacturing site in Windsor, Australia,...

Great Western Bank, a wholly owned subsidiary of Great Western Bancorp, Inc. , announced today that it has closed on its transaction to purchase and assume the management of the trust assets of Independent Bank acquired through its acquisition of...

Ameriprise Financial today announced it has completed the sale of De Pere, Wisconsin-based Ameriprise Auto & Home to Madison, Wisconsin-based American Family Insurance Mutual Holding Company (American Family Insurance). Ameriprise received gross...

HBC successfully completed the sale of the company's remaining stakes in its European real estate and retail joint ventures to its partner, SIGNA Retail, for a total consideration of approximately $1.5 billion (?1 billion). Transaction closed...

Masco Corporation , one of the world's leading manufacturers of branded home improvement and building products, has entered into a definitive agreement to sell Milgard Windows and Doors to MI Windows and Doors for approximately $725 million. The...

Ampco-Pittsburgh Corporation today announced it completed the sale of its Avonmore, Pennsylvania cast roll manufacturing facility, Akers National Roll, to an affiliate of WHEMCO, Inc. The execution of the purchase agreement was previously announced...