Le LÚzard

News by subject: Divestiture

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14 july 2021

15:40
Power management company Eaton is pleased to announce that it has reached two important milestones in the closing of the sale of its Hydraulics business to Danfoss A/S. First, the U.S. Department of Justice (DOJ) has filed a proposed settlement in...


13 july 2021

09:40
Wynnchurch Capital, L.P. ("Wynnchurch"), a leading middle market private equity firm, announced that it sold its investment in Carson Air ("Carson" or the "Company") as part of the acquisition of the Company by Exchange Income Corporation ("EIC" or...


12 july 2021

16:10
Allied Esports Entertainment, Inc. (the "Company"), a global esports entertainment company, today announced the completion of the sale of the entities comprising the World Poker Tour«, to Element Partners, LLC. The transaction was approved at a...

08:35
MVB Financial Corp. ("MVB" "MVB Financial") , announced today that its wholly-owned subsidiary, MVB Bank, Inc. ("MVB Bank") has closed the sale of four banking centers in Southern West Virginia to Summit Community Bank, Inc., a subsidiary of Summit...

07:35
SolarWinds Corporation , a leading provider of powerful and affordable IT management software, and N-able, Inc. , a leading provider of cloud-based software solutions for managed service providers and a subsidiary of SolarWinds, today announced that...


9 july 2021

16:40
Crestwood Equity Partners LP ("Crestwood") and Consolidated Edison, Inc. ("Con Edison") today announced the successful divestiture of the subsidiaries of Stagecoach Gas Services LLC ("Stagecoach"), with the exception of Twin Tier Pipeline LLC, to a...


8 july 2021

13:05
First Atlantic Capital, Ltd. ("First Atlantic"), a New York-based private investment firm specializing in acquiring and growing mid-size companies, and TPG Growth, the middle market and growth equity platform of global alternative asset firm TPG,...


7 july 2021

08:30
Francisco Partners, a global investment firm that specializes in partnering with technology businesses, announced today that it has sold its minority stake in Availity, one of the nation's largest, real-time health information networks connecting...

08:15
McKesson Corporation today announced that it has entered into an agreement to sell its European businesses in France, Italy, Ireland, Portugal, Belgium, and Slovenia to the PHOENIX group. This transaction also includes McKesson's German-based AG...


6 july 2021

09:05
Mr. Cooper Group Inc. ("Mr. Cooper") announced today that it has completed the sale of Title365 to Blend Labs, Inc. on June 30, 2021, for $500 million, consisting of $450 million in cash and a retained interest of 9.9 percent. Consistent with...


2 july 2021

11:15
L3Harris Technologies has completed the sales of its Military Training business to CAE and its Combat Propulsion Systems and related businesses to RENK AG for a combined $1.45 billion. Proceeds from the divestitures are expected to be used for share...


1 july 2021

09:30
Boasso Global, Inc. (formerly Quality Distribution, Inc.), a privately held global ISO tank container services and logistics provider, today announced that it had completed its rebranding from Quality Distribution, Inc. and closed on the previously...

07:10
Thompson Street Capital Partners ("TSCP"), a private equity firm based in St. Louis, announced today it has completed the sale of Vetio Animal Health ("Vetio"), a leading Animal Health Contract Development Manufacturing Organization ("CDMO") in North...

06:50
July 1, 2021-- ITT Inc. today announced that it has divested InTelCo Management LLC ("InTelCo"), a wholly owned subsidiary that holds long-term liabilities including asbestos liabilities and related insurance assets, to Delticus HoldCo, L.P....


30 june 2021

08:10
Quad/Graphics, Inc. ("Quad" or the "Company") today announced that it has sold its QuadExpress third-party logistics (3PL) business for $40 million to Mullen Group Ltd. ("Mullen Group"), one of Canada's largest logistics providers. QuadExpress...


29 june 2021

16:10
Hasbro, Inc. announced today that it has completed the sale of the Entertainment One Music business ("eOne Music") for an aggregate purchase price of $385 million in cash to entities controlled by Blackstone, which also own SESAC, a leading music...

10:20
Shamrock Capital, a Los Angeles-based private equity firm, today announced that it is selling its ownership stake in Mobilitie, the largest privately-held wireless infrastructure firm in the nation, to global communications infrastructure provider,...

09:50
Lightyear Capital LLC ("Lightyear") today announced that an investment fund affiliated with Lightyear has signed a definitive agreement to sell Datalot Inc. ("Datalot") to Centerfield, a technology-driven marketing and customer acquisition company....


28 june 2021

18:40
Institutional Property Advisors (IPA), a division of Marcus & Millichap , announced the sale of Camp Hill Shopping Center, a 430,198-square-foot shopping center located at 3301 Trindle Road in Camp Hill, Pennsylvania. The sales price is approximately...

16:35
Allied Esports Entertainment, Inc. (the "Company" or "AESE"), a global esports entertainment company, today announced that its virtual Special Meeting of Stockholders, scheduled for June 28, 2021, was convened and adjourned without any business...

16:35
Communications Systems, Inc. ("CSI" or the "Company") announced today that it has entered into an agreement with a group of institutional investors (the "PIPE Investors") to make a $25.0 million private placement investment in CSI in connection with...

16:20
Urstadt Biddle Properties Inc. (the "Company") , a real estate investment trust, announced today that it has completed the sale of its Newington Park Shopping Center located in Newington, NH ("Newington Park"). The purchaser is a subsidiary of...

07:20
Alcoa Corporation announced today that it has completed a sale of land in the state of Maryland for $100 million in cash. The 2,100-acre property covers more than three square miles in Frederick County, Maryland and once served as the site of the...


25 june 2021

13:25
Institutional Property Advisors (IPA), a division of Marcus & Millichap , announced the sale of Domain Founders Parc, a 285-unit apartment property located within Founders Parc, the newest mixed-use development in Euless, Texas. "Founders Parc is a...


24 june 2021

16:05
Institutional Property Advisors (IPA), a division of Marcus & Millichap , announced today the sale of Level at Sixteenth, a 240-unit, mid-rise apartment community in the urban core of Phoenix, Arizona. The property traded at $69.1 million, or...

09:20
Cohu, Inc. , a global leader in back-end semiconductor equipment and services, today announced that it has completed the sale of its Printed Circuit Board Test Group business to Mycronic AB (MYCR.ST). In accordance with the previously announced...


23 june 2021

18:20
Blue Wolf Capital Partners ("Blue Wolf"), a New York-based private equity firm, today announced that it has entered into a definitive agreement to sell Novo Building Products LLC ("Novo") to Hardwoods Distribution Inc. ("HDI"), one of North...


21 june 2021

13:40
BrightSphere Investment Group Inc. today announced that it has entered into a definitive agreement to sell its 75% ownership interest in Campbell Global, LLC, ("Campbell") to J.P. Morgan Asset Management ("J.P. Morgan"), a division of JPMorgan Chase...

07:05
Condor Hospitality Trust, Inc. , a hotel-focused real estate investment trust (REIT), today announced that its board of directors is evaluating strategic alternatives to enhance shareholder value. The Company has engaged the firm of Hodges Ward...


16 june 2021

10:35
Lanco International, Inc., parent company of Mi-Jack Products, Inc. of Hazel Crest, Illinois, today announced the sale of its Technical Services International (TSI), Hubert Line and Hubert Rail companies to Remprex, LLC, effective as of the close of...


11 june 2021

09:05
Allied Esports Entertainment, Inc. (the "Company" or "AESE"), a global esports entertainment company, is providing an update regarding its special stockholder meeting to be held on June 28, 2021 (the "Special Meeting") to consider and approve the...


10 june 2021

16:20
CB Financial Services, Inc. (the "Company") , the holding company for Community Bank, announced today that it and Community Bank have entered into a Purchase and Assumption Agreement to sell two West Virginia branches. The Company and Community Bank...


9 june 2021

13:20
OverDrive, a leading digital reading platform for libraries and schools, announced today that it is acquiring Kanopy, the leading video streaming service for public and academic libraries, from L Squared Capital Partners ("L Squared"). The...


8 june 2021

09:05
7X Energy, Inc. ("7X"), a leading utility-scale solar developer, owner, and asset manager, announced it has sold its 130 MWac Elara Energy Project ("Elara" or "Project"), located in Frio County, Texas on over 1,700 acres, to KOMIPO America, Inc.,...


7 june 2021

09:35
LTC Properties, Inc. , a real estate investment trust that primarily invests in seniors housing and health care properties, today announced the sale of three assisted living communities in Wisconsin that were part of LTC's Senior Lifestyle portfolio...

08:50
The Kraft Heinz Company ("Kraft Heinz" or the "Company") announced today that it has completed the sale of its nuts business to Hormel Foods Corporation in a cash transaction for $3.35 billion. The Company previously announced the signing of a...

08:10
Medalist Diversified REIT, Inc. (the "Company" or "Medalist"), is a Virginia-based real estate investment trust that specializes in acquiring, owning and managing commercial real estate in the Southeast region of the U.S. On June 2, 2021, Medalist...


3 june 2021

16:10
On June 3, 2021, Retail Value Inc. closed on the sale of Se˝orial Plaza (Rio Piedras, PR) for $20.4 million prior to closing costs, prorations and other closing adjustments. Net proceeds were used to repay mortgage debt associated with RVI....

08:15
Carl Marks Advisors, a leading investment bank providing financial and operational advisory services to middle market companies, today announced the completion of the restructuring and successful sale of Aztec Events & Tents and Shaffer Sports,...


2 june 2021

12:05
Alpine Investors ("Alpine"), a people-driven private equity firm focused on software and services businesses, today announced that it has completed its sale of YDesign Group ("YDesign") to Design Holding S.p.A., an international operating group in...

11:20
Staple Street Capital ("Staple Street Capital" or "SSC"), a leading middle-market private equity firm with approximately $800 million of capital under management, is pleased to announce the sale of Ironline Compression's ("Ironline") aftermarket...

07:05
Walgreens Boots Alliance, Inc. today announced it has completed the sale of its Alliance Healthcare businesses to AmerisourceBergen for total consideration of approximately $6.5 billion, made up of $6.275 billion in cash (subject to a customary net...


1 june 2021

16:35
Ingersoll Rand Inc. , a global provider of mission-critical flow creation and industrial solutions, completed the sale of its Specialty Vehicle Technologies Segment ("Club Car") to the global private equity firm Platinum Equity. Ingersoll Rand...

05:35
LivaNova PLC , a market-leading medical technology and innovation company, today announced it has successfully completed the initial closing of the divestiture of its heart valve (HV) business to Gyrus Capital (Gyrus), an investment firm dedicated to...


28 may 2021

10:05
Accelerator Life Science Partners ("ALSP"), a leading early-stage life science accelerator and investment firm, today announced that its portfolio company, Lodo Therapeutics Corporation ("Lodo" or the "Company"), has been acquired by Zymergen Inc....


27 may 2021

17:05
Atlas Holdings ("Atlas") announced today that it has closed the previously announced sale of portfolio company Banker Steel to DBM Global Inc. ("DBM Global"), a family of companies providing fully integrated structural and steel construction...

08:10
Sun European Partners, LLP ("Sun European Partners" or "Sun European"), a leading private investment firm focused on defensible businesses in growing markets with tangible performance improvement opportunities, today announced that its affiliate has...


26 may 2021

08:05
Silversmith Capital Partners ("Silversmith") is pleased to announce that the acquisition of Absorb Software ("Absorb," or the "Company") by Welsh, Carson, Anderson & Stowe (WCAS) has closed. The sale achieves a greater than $500 million enterprise...


25 may 2021

16:35
Pennsylvania American Water, a subsidiary of American Water , announced today that it has completed the acquisition of the wastewater system assets of Royersford Borough, Montgomery County. The newly acquired system provides wastewater service to...


24 may 2021

16:35
Nordson Corporation today reported results for the fiscal second quarter ended April 30, 2021. Sales were a quarterly company record of $590 million, an 11% increase compared to the prior year's second quarter sales of $529 million. Robust growth in...

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