News by subject: Divestiture

Eastern Bankshares, Inc. ("Eastern" or the "Company") , the stock holding company for Eastern Bank, announced that its wholly owned subsidiary Eastern Insurance Group, LLC ("Eastern Insurance") today entered into a definitive agreement to sell its...

Today M. Holland Company, a leading international distributor of thermoplastic resins and ancillary materials, announced that Interfacial Consultants LLC, a leading material science-based products and services company, is acquiring M. Holland's 3D...

American Software, Inc. , a leading provider of innovative AI-powered supply chain management and advanced retail planning platforms, announced today that they signed an agreement for the sale of their information technology consulting firm, The...

Silver Ventures announced today the sale of NatureSweet®, an agricultural company that has been revolutionizing the industry for decades. Blue Road Capital, an independent investment firm focused on vertically integrated food and agricultural...

Intercontinental Exchange, Inc. , a leading global provider of data, technology, and market infrastructure, today announced that, in connection with its acquisition of Black Knight, it has completed the sale of Black Knight's Optimal Blue and Empower...

Murphy Oil Corporation today announced that its subsidiary closed the previously announced divestment of certain non-core operated Kaybob Duvernay assets and all of its non-operated Placid Montney assets. The transaction was announced on August 3,...

DigitalBridge Group, Inc. ("DigitalBridge" or the "Company") today announced it has completed the previously announced recapitalization of its portfolio company DataBank, a leading nationwide edge data center platform. DigitalBridge received $219...

Generation Mining Limited ("Gen Mining" or the "Company") has agreed to sell its rights and interests in an option agreement (the "Davidson Agreement") to acquire a 100% interest in six (6) mineral leases (the "Davidson Property") hosting a...

Golden Entertainment, Inc. ("Golden Entertainment" or the "Company") announced today that it completed the previously disclosed sale of its distributed gaming operations in Montana ("Montana Distributed Gaming Operations") to J&J Ventures Gaming,...

Civeo Corporation today announced that it has entered into a definitive agreement to sell its McClelland Lake Lodge assets to a US-based mining project for approximately C$49 million, or US$36 million. The Company expects to close the transaction...

JetBlue Airways Corporation and Allegiant today announced that the airlines have entered into a definitive agreement under which JetBlue will transfer to Allegiant all of the holdings of Spirit Airlines, Inc. at Boston Logan International Airport...

Carlisle Companies Incorporated today announced that it is commencing a process to sell Carlisle Interconnect Technologies ("CIT"). CIT designs and manufactures high-performance wire and cable, including optical fiber for the commercial aerospace,...

Dubin Clark, a private equity firm focused on building niche market leaders in the lower middle market, announced today that it has sold portfolio company InProduction (the "Company") to ZMC Management. InProduction is a leading special event...

North Central Equity LLC, a Minneapolis based holding company, announced that it has sold Corporate Technologies LLC, a company that specializes in managed IT solutions to Tonka Bay Equity Partners. Corporate Technologies is a provider of managed...

Fluor Corporation announced today that it has agreed to sell its Stork business in Belgium, Germany, the Netherlands and its turbo blading manufacturing operation in the United States to industrial services provider Bilfinger SE. This divestiture...

CURO Group Holdings Corp. ("CURO"), an omni-channel consumer finance company serving consumers in the U.S. and Canada, today announced Bob Hurzeler, Chief Executive Officer of Flagship Credit Acceptance, has been appointed to CURO's Board of...

Wynnchurch Capital, L.P. ("Wynnchurch"), a leading middle market private equity firm, is pleased to announce that it has sold Midland Industries, LLC ("Midland" or the "Company") to Gemspring Capital Management, LLC ("Gemspring"). Wynnchurch also...

Intercontinental Exchange, Inc. , a leading global provider of data, technology, and market infrastructure, and Black Knight, Inc. , a software, data and analytics company that serves the housing finance continuum, including real estate data,...

Rangeland Energy ("Rangeland") today announced that the company and its financial sponsor EnCap Flatrock Midstream have entered into a definitive agreement to sell Rangeland Midstream Canada Ltd. ("Rangeland Canada") to Kingston Midstream Alberta...

Pioneer Landscape Centers, a distributor of landscape and hardscape materials with 35 locations in Colorado and Arizona, today announced that it has completed its sale to SiteOne® Landscape Supply, Inc. , the largest and only national full product...

Wolverine World Wide, Inc. today announced additional steps in the ongoing transformation of its brand portfolio, including the sale of the Hush Puppies intellectual property in China, Hong Kong, and Macau, and the sale of the U.S. Wolverine...

Crenlo Engineered Cabs ("Crenlo"), a manufacturer of engineered operator cabs and roll over protective structures for heavy equipment and off-highway vehicles and a portfolio company managed by Angeles Equity Partners, LLC ("Angeles"), today...

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $58 billion of capital under management, is pleased to announce that one of its affiliates has sold a portion of its stake in Eletromidia ("Eletromidia" or the "Company"),...

Carbonvert Inc., is pleased to announce the sale of 100% of its ownership interest in the Bayou Bend carbon capture and sequestration project ("Bayou Bend") in Southeast Texas to Equinor. This strategic decision underscores the mutual commitment of...

Walker & Dunlop, Inc. announced today that it arranged the sale of The Arcade Residences located in Chicago, IL for $35 million, representing one of the highest-priced sales per door in Chicago. Built in 2019, the mixed-use property includes 58...

Jabil Inc. , today announced a preliminary agreement with BYD Electronic (International) Company Limited ("BYDE") relating to the sale of its Mobility business in a potential transaction expected to be valued at approximately $2.2 billion. "This...

Hudson Pacific Properties, Inc. , a unique provider of end-to-end real estate solutions for tech and media tenants, announced today that it has divested through separate transactions two Los Angeles office properties, 604 Arizona and 3401 Exposition,...

EnCap Energy Transition today announced that French multinational utility company ENGIE has agreed to acquire the battery storage business of Houston-based Broad Reach Power from EnCap Energy Transition Fund I, its co-investment partners Yorktown...

Salem Media Group, Inc. announced today that it entered into an agreement to transfer the ownership of its Greenville-Spartanburg stations, WGTK-FM, WRTH-FM, and WLTE-FM to Educational Media Foundation (EMF). Salem Media CEO David Santrella stated,...

Wolfspeed, Inc. today announced that Wolfspeed has entered into a definitive agreement to sell its radio frequency business (Wolfspeed RF) to MACOM Technology Solutions Holdings, Inc. for approximately $75 million in cash, subject to a customary...

Safe & Green Holdings Corp. ("SG Holdings" or the "Company"), a leading developer, designer, and fabricator of modular structures for residential, commercial, and provider of point-of-care medicine, today announced that the record date for the...

Global media company iMedia Brands, Inc. (the "Company" or "iMedia") today announced that it has successfully closed its Asset and Equity Purchase Agreement ("AEPA") with IV Media, LLC ("IV Media"), a subsidiary of Innovation Ventures, LLC, the...

Southeastern Grocers Inc. (SEG), parent company of Fresco y Más, Harveys Supermarket and Winn-Dixie grocery stores, today announces it has entered into definitive agreements with ALDI and Fresco Retail Group, LLC to effectuate a comprehensive...

FLEETCOR Technologies, Inc. , a leading global business payments company, today announced the sale of its Russia business to a local investment group. The transaction divests all of FLEETCOR's operations in Russia. "We concluded the sale of our...

Soho Square Capital LLP ("Soho Square"), an investment firm focused on serving the financing needs of established and growing UK and European SMEs, announced that following a period of transformational growth it has exited its investment in Churchill...

Audax Private Equity ("Audax"), a leading alternative investment manager and capital partner for North American middle market companies, announced today it has completed the previously announced sale of CorEvitas, LLC ("CorEvitas"), a leading...

Airspan Networks Holdings Inc. , which provides ground-breaking, disruptive software and hardware for 5G networks, and a pioneer in end-to-end Open RAN solutions, announced that on August 11, 2023 (the "Effective Date"), Airspan Networks Holdings...

Permianville Royalty Trust today announced that COERT Holdings 1, LLC (the "Sponsor") has advised The Bank of New York Mellon Trust Company, N.A., as Trustee, that the Sponsor has completed the divestiture of certain oil and natural gas properties...

Funds managed by Lee Equity Partners, LLC ("Lee Equity"), a growth oriented middle market private equity firm, today announced the sale of Cadent, LLC ("Cadent" or the "Company") a leading provider of platform-based converged TV advertising...

Bregal Milestone, a leading pan-European technology growth private equity firm, today announced the sale of Epassi Group ("Epassi"), a market leader in the provision of employee benefits within the Nordics, and a leading player in the UK, Ireland,...

PENN Entertainment, Inc. ("PENN" or the "Company") today announced that it has entered into a transformative, exclusive U.S. online sports betting ("OSB") agreement with ESPN, Inc. and ESPN Enterprises, Inc (together, "ESPN"). PENN will discuss the...

Babylon Holdings Limited ("Babylon", and together with its subsidiaries, the "Group") today announced that the transaction proposed by AlbaCore Capital LLP ("AlbaCore") and MindMaze Group SA ("MindMaze"), for a business combination of Babylon's core...

Corebridge Financial, Inc. today announced that it has entered into a definitive agreement to sell its subsidiary, Laya Healthcare Limited ("laya healthcare"), to AXA for a total consideration of ?650 million in cash. The sale of laya healthcare is...

Third Eye Capital ("TEC" or the "Company"), Canada's leading provider of asset-based financing solutions to companies that are underserved or overlooked by traditional sources of capital, is pleased to announce the successful exit of its debt and...

IFF today announced that it successfully completed the previously announced divestiture of its Flavor Specialty Ingredients (FSI) business to Exponent, a leading UK-based private equity firm, on August 1, 2023. "The sale of our FSI business unit...

JBT Corporation , a leading global technology solutions provider to high-value segments of the food & beverage industry, today reported results for the second quarter of 2023. The Company also announced that it completed the sale of AeroTech to...

Mativ Holdings, Inc. ("Mativ" or the "Company") announced today that it has received a binding offer from Evergreen Hill Enterprise, Pte. Ltd., to acquire Mativ's Engineered Papers business ("EP"), part of Mativ's Fiber Based Solutions reporting...

Pan American Silver Corp. ("Pan American" or the "Company") is pleased to announce the status of our divestment of certain non-core assets, including the sale of our interest in the MARA project in Argentina, the Morococha mine in Peru, and the...

Carlisle Companies Incorporated today announced its second quarter 2023 financial results. Second quarter revenues of $1.5 billion, declined 14.0% year-over-year Reported second quarter GAAP diluted EPS from continuing operations of $4.71 and...

Bregal Partners, a private equity firm specializing in investments in consumer and multi-unit, food and beverage, and business services, and a part of the Bregal Investments platform, today announced that they have agreed to sell Bregal Partners I...