Divestiture News

SAN FRANCISCO--(BUSINESS WIRE)--Sleeping Bear Capital Portfolio Company Completes Sale to Redwire Corporation (NYSE: RDW)...

BOSTON & SAN FRANCISCO--(BUSINESS WIRE)--Audax Private Equity (“Audax” or “the firm”), a capital partner for middle and lower middle market companies, announced today it has agreed to the sale of CW Advisors, LLC (“CWA”), a registered investment advisor (RIA) managing $13.5 billion in fee-only client assets. Osaic, Inc. (“Osaic”), a portfolio company of Reverence Capital Partners, is acquiring CWA. Terms of the deal are not disclosed. The transaction is expected to close in the third quarter su...

NEW YORK--(BUSINESS WIRE)--Ambac Financial Group provides update on the timing of the sale of its legacy financial guarantee business...

MIAMI--(BUSINESS WIRE)--Trivest Partners (“Trivest”), a leading private equity firm focused exclusively on investing in founder and family-owned businesses, has completed the successful sale of its portfolio company Unosquare, LLC (“Unosquare ” or the “Company”) to Ridgemont Equity Partners. Unosquare partnered with Trivest’s non-control fund, Trivest Growth Investment Fund (“TGIF”), in late 2020. Since launching the non-control extension nearly a decade ago, Trivest has completed 27 non-contro...

BOSTON--(BUSINESS WIRE)--PSG, a leading growth equity firm that specializes in partnering with software and technology-enabled services companies to capitalize on transformational growth, announced the firm has completed the sale of its minority stake in SevenRooms, a New York City-based software company and a global leader in hospitality technology, to DoorDash (NASDAQ: DASH). The transaction is part of DoorDash’s $1.2 billion acquisition of SevenRooms. Founded in 2011 by Joel Montaniel, Allis...

DOWNERS GROVE, III.--(BUSINESS WIRE)--InvenTrust Properties Corp. (“InvenTrust” or the “Company”) (NYSE: IVT) today announced the successful disposition of a portfolio comprising five California assets for approximately $306 million. “This transaction is a testament to our team's unwavering focus on portfolio optimization and strategic capital allocation,” said DJ Busch, President and CEO of InvenTrust Properties. “Rotating capital from California has been a strategic objective for some time. W...

VAUDREUIL-DORION, Québec--(BUSINESS WIRE)--Harden announces the strategic sale of a 27-acre portion of Méga Centre Notre-Dame in Laval to Rosefellow, a leading Montreal-based industrial real estate developer for a purchase price of $75M This transaction marks a key milestone in the site’s transformation, supporting broader redevelopment efforts and reinforcing a long-term commitment to enhancing Laval’s economic and commercial vitality. Harden co-owns the property with RioCan in a 50% partnersh...

LAS VEGAS--(BUSINESS WIRE)--Affinity Interactive (the “Company”), the parent company of Daily Racing Form (DRF) announced today the successful sale of its advance-deposit wagering (ADW) platform, DRF Bets, to 1/ST TECHNOLOGY, a division of 1/ST, and the parent company of online betting brands 1/ST BET and Xpressbet. Effective Tuesday, June 10, 2025, Xpressbet will assume full ownership and operational control of the platform, rebranding the product as 1/ST BET PRO. Affinity Interactive and 1/ST...

NEW YORK--(BUSINESS WIRE)--Advantage Capital Holdings, LLC (“A-CAP” or “The Company”), a New York-based insurance and financial services company with over $12 billion in assets, today announced the successful divestiture of Standard de Liège SA (“Standard Liège” or the “Club”), one of Belgium's most historic soccer clubs, and Immobilière du Standard de Liège SRL, the corporate entity that owns the Club's stadium, Maurice Dufrasne Stadium, to a consortium of buyers led by Standard Liège Chief Ex...

AKRON, Ohio--(BUSINESS WIRE)--B&W announced today that it has reached an agreement to sell its Diamond Power International business to Austria-based ANDRITZ for $177 million....