Divestiture News

NEW YORK--(BUSINESS WIRE)--MidOcean Partners (“MidOcean” or the “Firm”), a premier New York-based alternative asset manager specializing in middle market private equity, alternative credit, and structured equity, announced today the signing of the sale of Bora, Inc. and its subsidiaries (collectively, “Zonda” or the “Company”) to CoStar Group, Inc. (NASDAQ: CSGP) (“CoStar Group”). Zonda is the #1 data, marketplace, and software platform for the new home ecosystem. Zonda’s end-to-end platform sp...

NEW YORK--(BUSINESS WIRE)--IFF (NYSE: IFF), a global leader in flavors, fragrances, food ingredients, and health and biosciences, today announced that it has entered into an agreement to sell its Food Ingredients business to funds advised by CVC Capital Partners, a leading global private markets manager, in a transaction that values the business at approximately $4.3 billion, representing an enterprise value-to-EBITDA multiple of approximately 10x. As part of the transaction, IFF has chosen to...

SAN FRANCISCO--(BUSINESS WIRE)--Vector Capital Management, a leading private equity firm specializing in transformational investments in established technology businesses, today announced the successful sale of IPValue Management Group (“IPValue”), a leading IP commercialization provider, to Fortress Investment Group (“Fortress”). Terms of the transaction were not disclosed. Founded in 2001, IPValue is the leading IP commercialization partner to the world’s most innovative technology companies....

BETHESDA, Md.--(BUSINESS WIRE)--Pebblebrook Hotel Trust Completes $43.5 Million Sale of Chamberlain West Hollywood Hotel...

CHATTANOOGA, Tenn.--(BUSINESS WIRE)--CBL Properties (NYSE:CBL) announced today that, along with its joint venture partner, it has closed on the sale of Hammock Landing, a 397,000 square-foot open-air center in West Melbourne, FL, for $78.5 million, including the assumption of the $43.8 million loan. The sales of Hammock Landing, along with the first quarter sale of related infrastructure bonds, generate approximately $26 million of cash proceeds to CBL. “The sale of Hammock Landing at an 8% cap...

HOUSTON--(BUSINESS WIRE)--Post Oak Energy Capital, LP (“Post Oak”) today announced the simultaneous sale of the producing Haynesville natural gas assets of Nadel and Gussman NV, LLC (“NGNV”) and Quantent Energy Partners, LLC (“Quantent”). Historically, NGNV and Quantent assembled drill-ready positions in the Haynesville, in partnership with Post Oak, and subsequently developed a portion of the assets over the course of their respective investment cycles. “We are pleased to have once again partn...

TACOMA, Wash.--(BUSINESS WIRE)--TrueBlue (NYSE: TBI), a leading provider of specialized workforce solutions, today announced that its Board of Directors (the “Board”) has unanimously rejected the unsolicited, non-binding proposal from HireQuest, Inc. (NASDAQ: HQI) to acquire the On-Demand segment of TrueBlue's PeopleReady business for $105 million in cash. As previously disclosed last year, the Board considered, and rejected, an unsolicited, non-binding proposal from HireQuest to acquire all of...

WASHINGTON--(BUSINESS WIRE)--Xylem Inc. (NYSE: XYL) today announced the completion of the previously disclosed sale of Sensus International, its water and heat metering operations outside North America, to AURELIUS. Xylem retains its North America Sensus business, which continues to play a strategic role in the company’s portfolio. For product inquiries or support related to Sensus International, please visit www.sensus-international.com or contact info@sensus-int.com. About Xylem Xylem (XYL) i...

FLORHAM PARK, N.J.--(BUSINESS WIRE)--Conduent Incorporated (Nasdaq: CNDT), a global technology‑driven business solutions and services provider, today announced that it has entered into a definitive agreement to sell its Public Transit business, an operating unit of Conduent Transportation, to Modaxo, a global technology organization focused on moving the world’s people. The Public Transit business consists of Transit Fare Management and Fleet Management Solutions businesses. The sale has a purc...

PORTLAND, Ore. & HONOLULU--(BUSINESS WIRE)--Standard Insurance Company (The Standard) and Pacific Guardian Life announced today a definitive agreement under which The Standard will transition its individual annuities business to Pacific Guardian Life. The Standard and Pacific Guardian Life are both members of the global Meiji Yasuda Life Insurance Company family. The transaction is expected to close in early 2027, subject to regulatory approvals and other customary closing conditions. Pacific G...