Divestiture News

DENVER--(BUSINESS WIRE)--Seneca Capital Partners (“Seneca”), a Denver-based private equity firm, is pleased to announce the successful disposition of all portfolio real estate assets held by Seneca Capital Income Real Estate Fund II, L.P. (“SCIRE Fund II” or the “Fund”), representing approximately $120,000,000 in aggregate transaction value. SCIRE Fund II was strategically assembled to acquire and operate a diversified portfolio of income-producing real estate assets, with a focus on durable ca...

NEW YORK--(BUSINESS WIRE)--Affiliates of funds advised by SK Capital Partners, LP (“SK Capital”), a private investment firm focused on the life sciences, specialty materials, and ingredients sectors announced today they have completed the sale of Noramco, Extractas Biosciences, and Purisys of the Noramco Group (“Noramco” or the “Company”) to Siegfried Holding AG (SIX: SFZN; “Siegfried”), a leading global Contract Development and Manufacturing Organization (CDMO) for the pharmaceutical industry....

DALLAS--(BUSINESS WIRE)--Scout Energy Partners Divests Over $1 Billion in Assets in the Western Anadarko Basin...

GREENWICH, Conn.--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ:TIPT) (“Tiptree” or the “Company”), today announced its financial results for the three months ended March 31, 2026. Highlights Returned capital to shareholders through approximately $5.0 million of share repurchases during the first quarter, at an average price of $16.13 per share. Declared a dividend of $0.06 per share to stockholders of record on May 18, 2026 with a payment date of May 26, 2026. On September 26, 2025, the Company agreed...

MALVERN, Pa.--(BUSINESS WIRE)--Pacer Advisors, Inc. to Close and Liquidate the Pacer CFRA-Stovall Equal Weight Seasonal Rotation ETF (SZNE)....

PROVIDENCE, R.I.--(BUSINESS WIRE)--Textron Inc. (the "Company" or “Textron”) (NYSE: TXT) today announced its intent to separate its Industrial segment from the Company’s core aerospace and defense businesses to enhance its strategic and operational focus and drive long-term value for stakeholders. Textron intends to explore multiple paths to effect the planned separation of its Industrial segment, including but not limited to a sale of the Industrial businesses or a tax-free separation into a s...

VALLEY FORGE, Pa. & NEW YORK--(BUSINESS WIRE)--UGI Utilities, Inc. (UGI Utilities), a wholly owned subsidiary of UGI Corporation (NYSE: UGI), today announced a definitive agreement to sell its Electric Division to funds managed by Argo Infrastructure Partners LP (Argo), a well-established mid-market manager of essential infrastructure and utility assets. The purchase price is approximately $470 million with working capital adjustments. After-tax proceeds will be used to reduce UGI debt and for...

WALTHAM, Mass.--(BUSINESS WIRE)--Thermo Fisher Scientific Inc. (NYSE: TMO), the world leader in serving science, today announced that it has signed a definitive agreement to sell its microbiology business to Astorg, a leading pan-European private equity firm, for consideration of approximately $1.075 billion, consisting of cash and a $50 million seller note. The microbiology business provides antimicrobial susceptibility testing and culture media solutions for clinical, pharmaceutical and food...

CHICAGO--(BUSINESS WIRE)--Kemper Corporation (NYSE: KMPR) announced it has completed the sale of a property and casualty distribution operation consisting of captive agents and storefront locations to Confie, a company that specializes in operating storefront distribution models. The transaction includes the sale of Newins Insurance Agency Holdings, LLC, which operates under the Illinois Vehicle, A-Abana, and Access Auto Insurance brands in a limited number of states. The operation was acquired...

DALLAS--(BUSINESS WIRE)--Leap Event Technology is entering a defining new chapter – one marked by a commitment to being a data powerhouse for live events from major league sports and iconic festivals to large fan conventions and pop-up attractions. With a strategic portfolio realignment and leadership evolution now complete, the company is reinforcing its position at the intersection of technology, live entertainment, and data intelligence. Leap is a portfolio company of Vector Capital Manageme...