News by subject: Divestiture

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...

LICT Corporation ("LICT" or the "Company"; OTC Pink®: LICT) announces that the U.S. Securities and Exchange Commission has cleared the spin-off of the Company's Michigan operations. Details will be forthcoming in a future press release. This...

The Barnhardt Family (Barnhardt Manufacturing Company, Inc.), a privately held company, announced today it is completing the sale of Richmond Dental and Medical and Intrinsics, a beauty and spa brand, to SionBrands, LLC, a partnership between the...

Community Health Systems, Inc. announced today that subsidiaries of the Company have signed a definitive agreement to sell 120-bed Bravera Health Brooksville in Brooksville, Florida, 128-bed Bravera Health Seven Rivers in Crystal River, Florida,...

Permianville Royalty Trust today announced that at the special meeting of Trust unitholders held on July 19, 2023, unitholders approved a transaction pursuant to which (a) COERT Holdings I, LLC (the "Sponsor"), the sponsor of the Trust, will sell...

Assured Guaranty Ltd. (together with its subsidiaries, Assured Guaranty) announced today that it has transferred the ownership of its entire equity interest in Assured Healthcare Partners LLC (AHP) to an entity owned and controlled by its Founder,...

Liberty Media Corporation ("Liberty") today announced an adjustment to the Media Component (as defined in the Supplemental Indenture, dated as of April 15, 2016 (the "Supplemental Indenture"), between Liberty and U.S. Bank Trust Company, National...

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Integrity Data Solutions, Inc. to Falx Capital LLC. The transaction closed May 17, 2023. Located in...

Levine Leichtman Capital Partners ("LLCP"), a Los Angeles-based private equity firm, announced today that it has sold its portfolio company SK AeroSafety ("SK" or the "Company") to Bridgepoint, a global private equity firm. Financial terms of the...

Doma Holdings, Inc. ("Doma"), a leading force for disruptive change in the real estate industry, has announced the sale of its Texas and Midwest Local Retail Title Operations to Capital Title of Texas, LLC (a member of the Shaddock Title Companies)...

Liberty Media Corporation ("Liberty Media") announced that it completed the split-off (the "Split-Off") of Atlanta Braves Holdings, Inc. ("Atlanta Braves Holdings") at 5:00 p.m., New York City time, today. As a result, Liberty Media and Atlanta...

Liberty Media Corporation ("Liberty Media") and Atlanta Braves Holdings, Inc. ("Atlanta Braves Holdings") announced today that, at Liberty Media's virtual special meeting of stockholders held on July 17, 2023 at 10:30 a.m. M.T., the holders of...

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Comco Plastics, Inc. to Cutting Edge Machining & Automation, a portfolio company of Continuim Equity...

Intercontinental Exchange, Inc. and Black Knight, Inc. today announced that, in connection with their previously announced merger agreement for ICE's acquisition of Black Knight, they have agreed to sell Black Knight's Optimal Blue business to a...

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $57 billion of capital under management, is pleased to announce the sale of its portfolio company Riveron ("Riveron" or the "Company") to affiliates of Kohlberg & Company...

Carl Marks Securities LLC, an affiliate of middle market investment bank Carl Marks Advisors (together "Carl Marks"), today announced that it has successfully guided Colonial Distributing, Inc., a leading distributor supplying convenience stores...

Medalist Diversified REIT, Inc. (the "Company" or "Medalist"), 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., announced today that the...

Permianville Royalty Trust (the "Trust") today announced that proxy advisory firms Institutional Shareholder Services Inc. and Glass, Lewis & Co. issued reports on July 6, 2023, and July 5, 2023, respectively, recommending that the Trust's...

Global security leader Forcepoint today announced it has signed a definitive agreement to sell the Company's Global Governments and Critical Infrastructure (G2CI) business to TPG, a global alternative asset management firm. The transaction will...

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client, Ahneman Kirby, LLC to Fibersmith Co. The acquisition closed June 5, 2023. Ahneman Kirby (AK), located in...

Audax Private Equity ("Audax"), a leading alternative investment manager and capital partner for North American middle market companies, announced today it has entered into a definitive agreement to sell CorEvitas, LLC ("CorEvitas"), a leading...

American Financial Group, Inc. and American International Group, Inc. announced today that AFG completed the purchase of Crop Risk Services ("CRS") from AIG. CRS is a primary crop insurance general agent based in Decatur, Illinois, and the...

Carter & Clyde, a college dorm curator and content platform focused on enhancing the student experience, today announced that it has completed the sale of its content business to Dormify, Inc. ("Dormify"), a New York-based leader in the dorm shopping...

Endeavor Group Holdings, Inc. , a global sports and entertainment company, announced today the closing of its sale of IMG Academy, a leading global sports education institution, to BPEA EQT in an all-cash deal reflecting an enterprise value of $1.25...

The Stephens Group, LLC ("The Stephens Group") is pleased to announce the exit of CoreLink, LLC ("CoreLink" or the "Company") through a sale of the business to Zavation Medical Products ("Zavation"), a portfolio company of Gemspring Capital...

LadRx Corporation ("LadRx" or the "Company"), a biopharmaceutical innovator focused on research and development of life-saving cancer therapeutics, today announced that it has transferred the royalty and milestone rights associated with arimoclomol...

Generational Equity, a leading mergers and acquisitions advisor for privately held businesses, is pleased to announce the sale of its client Industrial Control Service, Inc. (dba Industrial Control) to Motion & Control Enterprises (a portfolio...

Great Point Partners ("GPP"), a Greenwich-based private investment firm focused exclusively on the health care industry, today announced that it has exited its investment in V?lenz® Health ("Valenz") to Kelso & Company ("Kelso"), a New York-based...

Intel Corporation today announced that it has agreed to sell an approximately 20% stake in its IMS Nanofabrication GmbH ("IMS") business to Bain Capital Special Situations ("Bain Capital"), in a transaction that values IMS at approximately $4.3...

Tekla Capital Management LLC (Tekla) announced today that it has entered into an agreement with abrdn Inc. for a strategic transaction involving four NYSE-listed healthcare & biotech thematic closed-end funds (the Funds), totaling $3.1 bn in assets...

Spectrum Brands Holdings, Inc. , a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, today announced the closing of the previously announced sale of the...

Brown-Forman Corporation announces today that it has reached an agreement to sell its Finlandia vodka brand to Coca-Cola HBC AG for $220 million, subject to the customary closing process. The purchase is expected to close in the second half of the...

Carlisle Companies Incorporated today announced the signing of a definitive agreement to sell Carlisle Fluid Technologies ("CFT") to an affiliate of Lone Star Funds in a transaction valued at $520 million. The transaction is subject to certain...

Ault Alliance, Inc. , a diversified holding company ("Ault Alliance" or the "Company"), announced today that it intends to take advantage of the growing demand and market interest by selling its centrally located, multifamily property in St....

Premier, Inc. ("Premier" or the "Company"), a leading technology-enabled healthcare improvement company, today announced that it has entered into a definitive agreement with OMNIA Partners ("OMNIA"), a leading non-healthcare group purchasing...

SMART Global Holdings, Inc. ("SGH" or the "Company") today announced that the Company, through its wholly owned subsidiary SMART Modular Technologies (LX) S.à.r.l., has entered into an agreement to sell an 81% interest in SMART Modular Technologies...

Four Corners Property Trust , a real estate investment trust primarily engaged in the ownership and acquisition of high-quality, net-leased restaurant and retail properties ("FCPT" or the "Company"), is pleased to announce the disposition of a Burger...

AngioDynamics, Inc. , a leading and transformative medical technology company focused on restoring healthy blood flow in the body's vascular system, expanding cancer treatment options and improving quality of life for patients, today announced that...

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

Spectrum Brands Holdings, Inc. , a leading global branded consumer products and home essentials company focused on driving innovation and providing exceptional customer service, today announced that it has received clearance from the Mexican...

JetBlue Airways Corporation and Frontier Group Holdings, Inc. today announced that the airlines have entered into a definitive agreement under which JetBlue will divest all of the holdings of Spirit Airlines, Inc. at New York's LaGuardia Airport...

Lightning Step, a Gallant Capital Partners-backed provider of enterprise behavioral healthcare software solutions, is pleased to announce the sale of its wholly-owned revenue cycle management ("RCM") services subsidiary, AVA Billing & Consulting...

Lookout, Inc., the endpoint-to-cloud security company, today announced it has closed the previously announced sale of its consumer mobile security business to F-Secure, a global provider of consumer security products and services. With this strategic...

CVD Equipment Corporation , a leading provider of chemical vapor deposition and thermal process equipment, today announced the sale of its subsidiary, Tantaline CVD ApS (Tantaline) located in Denmark. The sales price consists principally of an...

Campbell Soup Company today announced the sale of the Emerald nuts business to Flagstone Foods, one of the largest manufacturers and distributors of private label healthy snacks in North America. Terms of the transaction were not disclosed....

JBT Corporation today announced that it has entered into a definitive agreement to sell its AeroTech business to Oshkosh Corporation in an all-cash transaction valued at $800 million, subject to customary post-closing items. "As we signaled...