News by subject: Divestiture

OpenGate Capital, a global private equity firm, announced today that it has sold Omniplast BV ("Omniplast") to a group of European investors composed of Reedcapital, Luigi M. Chiaraviglio, and Swiss Merchant Corporation....

Dr. Reddy's Laboratories Limited (BSE: 500124, NSE: DRREDDY, NYSE: RDY) announces that it has entered into a definitive asset purchase agreement with Upsher-Smith Laboratories, LLC (Upsher-Smith), pursuant to which Dr. Reddy's...

On June 13, 2019, Retail Value Inc. closed on the sale of Beaver Creek Crossings (Apex, NC) for $52.8 million. Net proceeds were used to repay mortgage debt associated with RVI. Subsequent to the transaction, RVI owns...

Regis Corporation , a leader in the haircare industry, whose primary business is franchising, owning, and operating hair salons, today announced the profitable sale and transfer of 96 of its California-based Supercuts® salons to...

Audax Private Equity ("Audax") has completed the sale of Imperial Dade Intermediate Holdings, LLC ("Imperial Dade" or the "Company") to Bain Capital Private Equity, LP ("Bain Capital"). Imperial Dade's management and Audax will...

Quorum Health Corporation today announced that MetroSouth Medical Center in Blue Island, Illinois filed an application with the Illinois Health Facilities and Service Review Board to discontinue hospital operations. The hospital...

Contango ORE, Inc. ("CORE" or the "Company") announced today that the previously announced joint sale process for Peak Gold, LLC (the "Peak Gold" or "Joint Venture") has concluded without entering into a definitive change of...

TIER REIT, Inc. , with global real estate investment manager Invesco Real Estate and Austin-based Cielo Property Group, announced today it has completed the sale of Third + Shoal, a newly-developed, 100% leased, Class AA...

L2 Capital Partners, L.P. ("L2" or "L2 Capital") (www.L2Capital.net) is pleased to announce the sale of LSC Environmental Products, LLC ("LSC") (www.lscenv.com) to an entity formed by Ancor Capital Partners, LLC. This transaction...

HBC  has entered into definitive agreements to sell the company's remaining stake in its German real estate joint venture, and divest its related retail joint venture to its partner, SIGNA, along with assumption of certain...

Quorum Health Corporation today announced that it has entered into a definitive agreement to divest the 106-bed Watsonville Community Hospital in Watsonville, California to Halsen Healthcare. The transaction is expected to be...

HomeStreet, Inc. or ("HomeStreet"), the parent company of HomeStreet Bank (the "Bank"), today announced the initial closing of the sale of assets and transfer of offices and personnel to Homebridge Financial Services, Inc....

Renewable Energy Group, Inc. announced today that it completed the sale of substantially all assets of REG Life Sciences' to Genomatica on May 29, 2019. "We are pleased to be selling our Life Sciences' assets to...

The Stephens Group, LLC, a private, family-owned investment firm, today provided an overview of the various business activities undertaken by the firm during the first half of 2019. Regarding deal activity, in...

Newell Brands continues to make progress on its Accelerated Transformation Plan, designed to create a simpler, faster, stronger consumer-focused portfolio of leading brands, and today announced that it has signed a definitive...

Abraxas Petroleum Corporation ("Abraxas" or the "Company") today announced that the Company's management will participate in the upcoming Stifel 2019 Cross Sector Insight Conference, June 10-12th in Boston, MA. The Company is...

Allegheny Technologies Incorporated today announced it has reached a definitive agreement to sell its Cast Products business to Consolidated Precision Products Corp. (CPP) of Cleveland, OH. CPP operates 16 global facilities...

iQor, a managed services provider of customer engagement and technology-enabled BPO solutions, announced today that it has completed the sale of its logistics and product service assets in Europe, Asia, South America, Canada and...

Allegheny Technologies Incorporated today announced that it has agreed to sell two non-core forging facilities to Wynnchurch Capital, LLC for $37 million in cash. Wynnchurch Capital, LLC, based in Chicago, IL, is a leading...

Spirit Realty Capital, Inc. ("Spirit"), a net-lease real estate investment trust (REIT) that invests in single-tenant, operationally essential real estate, today commented on the announcement by Spirit MTA REIT ("SMTA"),...

Hospitality Properties Trust today announced it entered into a definitive agreement to acquire a net lease portfolio from Spirit MTA REIT for $2.4 billion in cash, excluding transaction costs. The portfolio consists of 774...

On May 31, 2019, Retail Value Inc. closed on the sale of Homestead Pavilion (Homestead, FL) for $62.3 million. Net proceeds were used to repay mortgage debt associated with RVI. Subsequent to the transaction, RVI owns...

Pebblebrook Hotel Trust (the "Company") announced that it closed on the sale of the 112-room Onyx Hotel in Boston, Massachusetts for $58.3 million on May 29, 2019. The sale price of $58.3 million reflects a 15.3x EBITDA...

Outcome Capital, an investment banking firm that serves middle market growth companies in the technology and life sciences space, is pleased to announce that Whisker Labs, Inc. (the "Company") has sold its Energy Management...

Piper Jaffray Companies , a leading investment bank, today announced the sale of Advisory Research, Inc. through two separate transactions which will result in the firm exiting its traditional asset management business. It...

Regis Corporation , a leader in the haircare industry, whose primary business is franchising, owning, and operating hair salons, announced today they have entered into an agreement for the sale and conversion of an additional 190...

Devon Energy Corp. today announced that it has entered into a definitive agreement to sell its Canadian business to Canadian Natural Resources Limited for CAD $3.8 billion, or USD $2.8 billion. This transaction is subject to...

FD Financial, Corp., part owner of Santaska, Inc., announces today that the Alaska cannery, Santaska, is on the block. It's for sale. "We have had this valuable piece of property on the Egegik River in Alaska of some...

Freeport-McMoRan Inc. announced today an agreement to sell its cobalt refinery in Kokkola, Finland and related cobalt cathode precursor business to Umicore for total consideration of approximately $150 million, plus working...

KBS, one of the largest owners of commercial real estate, today announced the sale of Emerald View at Vista Center, a two-building Class A office property in West Palm Beach, Florida. Emerald View at Vista...

A subsidiary of WPX Energy and its joint venture partner in the Oryx II pipeline have completed the sale of the project. WPX received net proceeds of approximately $350 million for its 25 percent equity interest after...

Community Health Systems, Inc. announced today that affiliates of the Company have signed definitive agreements to sell two Florida hospitals to affiliates of Adventist Health System Sunbelt Healthcare Corporation. The two...

Blue Sage Capital announced today that it closed on the sale of Cobalt Environmental Solutions ("Cobalt") to Bison, an Oklahoma-based water infrastructure, logistics and solutions provider. Operating in the SCOOP and Merge...

SunVesta, Inc. (the "Company") announced that the special meeting of its shareholders held on May 14, 2019 approved the sale of the Company's wholly-owned subsidiary, SunVesta Holding AG, to Aires International Investment Inc....

Golden Gate Capital, a leading private equity investment firm, today announced that ArrMaz, a global leader in specialty chemicals, has entered into a definitive agreement to be acquired by Arkema Group ("Arkema") (PA:AKE) for...

Milacron Holdings Corp. ("Milacron"), a leading industrial technology company serving the plastics processing industry, today announced that it entered into a definitive agreement with Osgood Capital Group, LLC ("Osgood...

L Squared Capital Partners ("L Squared") has successfully sold its equity interests in Virtium (the "Company") to Court Square Capital Partners ("Court Square"). The sale of Virtium represents the third exit for L Squared in the...

Funds advised by BC Partners ("BC Partners") announced the sale of a majority stake in Acuris, a global provider of proprietary financial intelligence, data and analytics, to ION Investment Group ("ION"). ION will acquire a...

Ampco-Pittsburgh Corporation today reports sales from continuing operations for the three months ended March 31, 2019, of $107.5 million compared to $106.4 million for the three months ended March 31, 2018. The improvement is...

NuStar Energy L.P. today announced plans to sell its St. Eustatius Terminal, reported the company's first quarter 2019 earnings results and reviewed NuStar's growth and growth projects, in the Permian and across its system....

Lightyear Capital LLC ("Lightyear"), a New York-based private equity firm focused on financial services investing, announced today that investment funds affiliated with Lightyear and the Public Sector Pension Investment Board...

The Western Union Company , a global leader in cross-border, cross-currency money movement, today announced the Company has completed the sale of its Speedpay U.S. domestic bill pay business to ACI Worldwide for approximately...

Clearview Capital Fund III, L.P. ("Fund III"), an affiliate of Clearview Capital, L.P. ("Clearview Capital"), today announced the signing of a definitive purchase agreement to sell Advanced Medical Personnel Services, Inc....

Takeda Pharmaceutical Company Limited (TSE:4502/NYSE:TAK) ("Takeda") today announced that it has entered into agreements to divest its Xiidra® (lifitegrast ophthalmic solution) 5% product ("Xiidra®") to Novartis and its TachoSil®...

BBX Capital Real Estate, a division of BBX Capital Corporation , announced today the sale of its RoboVault Self Storage facility ("RoboVault") to Andover Properties/Storage King USA, a New York based storage operator....

Premier Inc. , a leading healthcare improvement company, is exiting its specialty pharmacy business to enhance the company's focus on the continuing evolution of its core supply chain, enterprise analytics and performance...

Anacapa Partners, a leading private equity firm focused on acquisitions in the lower middle market, today announced the sale of Krueger-Gilbert Health Physics, LLC (KGHP), a leading diagnostic medical physics provider, to Blue...

WBI Investments, Inc., a leading provider of wealth-building strategies targeting an optimal blend of bear market protection and bull market return, today announced that it will close and liquidate two exchange-traded funds with...

SunVesta, Inc. (the "Company") announced that its board of directors has approved the sale of its wholly-owned subsidiary, SunVesta Holding AG, to Aires International Investment Inc., the Company's principal creditor. The board...

SunBridge Partners ("SBP"), a venture capital firm targeting investments in global leaders in enterprise software in the US and Japan, is pleased to announce the sale of its holdings in Kyriba Japan Co., Ltd. ("Kyriba...