News by subject: Divestiture

CIM Real Estate Finance Trust, Inc. ("CMFT"), a leading commercial credit-focused real estate investment trust (REIT), announced today that it has entered into an agreement to sell 185 non-core, net lease properties to Realty Income Corporation for...

EDF Renewables North America (EDF Renewables) announced today it has completed the transaction with Boralex Inc. (Boralex) by which Boralex has acquired EDF Renewables' 50-percent ownership interests in five operating wind power projects totaling...

Today, Tallgrass has announced an agreement with the Louisiana Coastal Protection and Restoration Authority (CPRA) for the sale of over 500 acres of property in Plaquemines Parish, Louisiana, to advance Governor John Bel Edwards's efforts to restore...

Vince Holding Corp. , a global contemporary retailer led primarily by the Vince Brand ("Vince" or the "Company"), today announced that the Company's indirectly wholly owned subsidiary, Rebecca Taylor, Inc., completed the sale of its intellectual...

Safe & Green Holdings Corp. ("Safe & Green Holdings" or the "Company"), announced that the Company's subsidiary, SGB Development Corp. has changed its name to Safe and Green Development Corporation, and that the Company further intends to spin-off...

L3Harris Technologies announced today the signing of a definitive agreement with NV5 Global Inc. to divest its Visual Information Solutions business with an anticipated benefit up to $100 million. The transaction is expected to close mid-2023,...

BitNile Holdings, Inc. , a diversified holding company ("BitNile" or the "Company"), announced today that the record date for the stock dividend for the spinoff of Imperalis Holding, to be renamed TurnOnGreen ("TurnOnGreen"), has been changed to...

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 it has exited its investment in Alpine Fire Engineers ("Alpine" or "the Company") to...

VICI Properties Inc. ("VICI Properties" or the "Company") announced today that, in connection with Hard Rock International's ("Hard Rock") acquisition of the operations of the Mirage Hotel & Casino (the "Mirage"), the Company has entered into a...

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with over $52 billion of equity capital under management, is pleased to announce the sale of a majority interest in its portfolio company Milestone Technologies ("Milestone" or...

H&E Equipment Services Inc. ("H&E" or the "Company") today announced the signing of a definitive agreement to sell its Komatsu earthmoving distribution business to Houston, Texas based Waukesha-Pearce Industries, LLC ("WPI"). The transaction...

CenterOak Partners LLC ("CenterOak"), a Dallas-based private equity firm, today announced the completion of the sale of Wetzel's Pretzels ("Wetzel's" or the "Company"), to MTY Franchising USA, Inc., a wholly owned subsidiary of MTY Food Group Inc....

Following its decision earlier this year to exit the Russian market, Owens Corning today announced that it has completed the sale of its operations in the country to Umatex, a Russia-based producer of carbon fiber and fiber-based items. The...

NRD Capital Management, LLC ("NRD"), a private capital firm headquartered in Atlanta, is pleased to announce that Fuzzy's Taco Shop®, a portfolio company of its Experiential Brands platform, has entered into a definitive agreement with Dine Brands...

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 is more committed and confident than ever that...

On November 30, 2022, Sterling Infrastructure, Inc. ("Sterling" or the "Company") entered into an agreement (the "Agreement") and sold the Company's 50% ownership interest in its partnership with Myers & Sons Construction L.P. ("Myers") for $18...

Kemper Corporation announced today that it has completed the sale of Reserve National Insurance Company and its subsidiaries to Medical Mutual of Ohio. Kemper previously announced on August 1, 2022 that it had agreed to sell Reserve National to...

onsemi , a leader in intelligent power and sensing technologies, today announced the completion of the sale of its Niigata, Japan facility to JS Foundry K.K. The divestiture aligns with onsemi's fab-liter strategy to expand gross margin and improve...

Consolidated Communications Enterprise Services, Inc. ("Company") is pleased to announce it has completed the sale of its Kansas City assets, effective Nov. 30, 2022, to Everfast Fiber Networks LLC for approximately $82 million in gross cash...

Mirion Technologies, Inc. announced today that it has entered into a definitive agreement to sell the physical medicine assets of Biodex Medical Systems, Inc. ("Biodex") to Salona Global Medical Device Corporation for $5 million in cash at closing...

Blue Sage Capital is pleased to announce its sale of Frontier Waste Solutions to a global investment group led by Concentric Equity Partners and Summer Street Capital Partners. Blue Sage helped create Frontier alongside founding CEO John Gustafson in...

DCG Acquisitions, a Dave Cantin Group company, one of the largest financial advisory services firms for mergers and acquisitions specializing in automotive buy/sell transactions, and the Rossmeyer family announced the sale of Bruce Rossmeyer's...

Arconic Corporation ("Arconic" or the "Company") announced today that the Company completed the sale of 100% of its Russian operations to Promishlennie Investitsii LLC, the majority owner of VSMPO-AVISMA Corporation, for cash proceeds of $230...

Hess Corporation announced today that it has completed the sale of its 8.16% interest in the Waha Concession in Libya in equal shares to TotalEnergies and ConocoPhillips. Hess Corporation is a leading global independent energy company engaged in...

Valmont® Industries, Inc. , a global leader that provides vital infrastructure and advances agricultural productivity while driving innovation through technology, today announced that the Company has entered into a definitive agreement to sell its...

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised United States Infrastructure Corporation (USIC), a portfolio company of Partners Group, acting on behalf of its clients, on its sale of a 50% stake...

WestRock Company [NYSE: WRK], a leading provider of sustainable paper and packaging solutions, today announced it has entered into a definitive agreement to wholly divest its ownership interest in RTS Packaging, LLC, to joint venture partner Sonoco...

Eurazeo, a leading global investment company with a diversified portfolio of ?32.5 billion in assets under management, today announced that it has reached an agreement to sell its majority ownership position in NEST New York ("NEST" or the...

Allegion plc , a leading global security products and solutions provider, has, through one of its subsidiaries, signed a definitive agreement to acquire assets of plano. group ("plano"), a software-as-a-service (SaaS) workforce management solution....

Coeur Mining, Inc. ("Coeur" or the "Company") today announced the closing of the transaction to sell its Crown and Sterling holdings ("Crown Sterling") to a subsidiary of AngloGold Ashanti Limited ("AngloGold") . Under the terms of the previously...

Cresco Labs ("Cresco" or "the Company"), a vertically integrated multi-state operator and the No. 1 U.S. wholesaler of branded cannabis, and Columbia Care (NEO:CCHW) ("Columbia Care"), today announced the signing of definitive agreements to...

Harris Williams, a global investment bank specializing in M&A advisory services, announces it advised St Pierre Groupe (St Pierre), an international market leader in the bakery sector, on its sale to Grupo Bimbo (BMV: BIMBO). St Pierre was previously...

Today, Avantus (formerly 8minute) announced it has completed the sale of the 147-megawatt (MWdc) Galloway 2 Solar Project to Allianz Capital Partners, one of the Allianz Group's asset managers for alternative equity investments. Located in Concho...

Cardinal Midstream Partners ("Cardinal"), an independent midstream energy company based in Dallas, announced today it has signed definitive agreements with Medallion Midstream Services ("Medallion") to acquire Medallion's natural gas gathering and...

CURO Group Holdings Corp. ("CURO" or the "Company"), a tech-enabled, omni-channel consumer finance company serving a full spectrum of non-prime and prime consumers in the U.S. and Canada, today announced financial results for its third quarter ended...

Sun Capital Partners, Inc. ("Sun Capital"), a leading private investment firm focused on defensible businesses in growing markets with tangible performance improvement opportunities, today announced that an affiliate has signed a definitive agreement...

Antibe Therapeutics Inc. , a clinical-stage company leveraging its hydrogen sulfide platform to develop next-generation safer therapies to target inflammation, is pleased to announce the closing of the sale of its Citagenix Inc. subsidiary to...

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $52 billion of equity capital under management, is pleased to announce the sale of its portfolio company Taconic Biosciences ("Taconic" or the "Company") to Avista Capital...

PLANTA, the acclaimed plant-based restaurant with eleven locations across the U.S. and Canada, announces the sale of Chase Hospitality Group's last non-plant-based restaurant, The Chase, to LFG Growth Partners. This comes on the heels of the recent...

On November 1, 2022, The Bank of New York Mellon Corporation's sale of Alcentra NY, LLC ("Alcentra NY") to Franklin Resources, Inc., a global investment management organization operating as Franklin Templeton ("Franklin Templeton"), was completed...

Emerson today announced it has completed the previously announced sale of its InSinkErator® business to Whirlpool Corporation for $3.0 billion. InSinkErator, the world's largest manufacturer of food waste disposers and instant hot water dispensers...

As part of Cazoo Group Ltd's strategic review of its European business, Aramis Group SA ("Aramis Group") and Cazoo Holdings Limited have reached an agreement for Aramis Group to acquire 100% of the capital and voting rights of Cazoo Trading Italy...

H.I.G. Capital ("H.I.G."), a leading global alternative investment firm with $52 billion of equity capital under management, is pleased to announce the sale of its portfolio company, Lipari Foods (the "Company") to an affiliate of Littlejohn & Co....

Limoneira Company (the "Company" or "Limoneira") , a diversified citrus growing, packing, selling and marketing company with related agribusiness activities and real estate development operations, today announced it has closed its previously...

Global Payments Inc. today announced results for the third quarter ended September 30, 2022. "We delivered record results in the third quarter consistent with our raised cycle guidance (on a constant currency basis and excluding dispositions),...

Emerson today announced a definitive agreement under which it will sell a majority stake in its Climate Technologies1 business to private equity funds managed by Blackstone ("Blackstone") in a transaction valuing Climate Technologies at $14.0...

KKR, a leading global investment firm, today announced that KKR has completed the previously announced sale of Minnesota Rubber and Plastics ("MRP" or "the Company"), a leading provider of materials science-based elastomer and thermoplastic...

Wellbeing Digital Sciences Inc. ("Wellbeing" or the "Company") (NEO: MEDI) (FRA: SQ2), an evidence-based mental healthcare company focused on the development and implementation of innovative clinical solutions, including psychedelic medicine and...

IMG, an Endeavor company and global leader in events, media, sports and fashion, today announced it has sold The Miss Universe Organization (MUO), the global organization overseeing the annual MISS UNIVERSE competition, to Thailand-based JKN Global...

Regulatory News: Axway (Paris:AXW) today announces that it has achieved its 2022 objective to rationalize its product portfolio thanks to several operations carried out in recent months. In line with its strategy to focus on its core products and...