Divestiture News

MINNEAPOLIS--(BUSINESS WIRE)--General Mills today announced that it has entered into a definitive agreement to sell its Häagen-Dazs shops in Mainland China....

HOUSTON--(BUSINESS WIRE)--Post Oak Energy Capital, LP (“Post Oak”) today announced the sale of Switchgrass E&P Holdco, LLC (“Switchgrass”), an oil and gas operator focused primarily on Oklahoma’s SCOOP play. During Post Oak’s partnership with the company, Switchgrass assembled a significant producing position in the SCOOP and built a substantial inventory of future drilling opportunities, creating meaningful value through strategic acquisitions and efficient operations. “We have greatly enj...

PROVIDENCE, R.I.--(BUSINESS WIRE)--Nautic Partners, LLC announced that it closed the sale of portfolio company HES Facilities Management (“HES” or the “Company”) to GI Partners. Headquartered in Knoxville, TN, HES is one of the nation’s leading providers of janitorial, facilities management, and groundskeeping services to education institutions and commercial customers with a presence in more than 30 states. HES was founded in 2020 by Nautic Partners and management and scaled under the leadersh...

GREENWICH, Conn.--(BUSINESS WIRE)--Tiptree Inc. (NASDAQ: TIPT) (the “Company” or “Tiptree”) and Warburg Pincus LLC (“Warburg Pincus”) today announced the successful closing of the previously disclosed sale of The Fortegra Group, Inc. (“Fortegra”), a leading specialty insurer, to DB Insurance Co., Ltd., Korea’s leading property and casualty insurer. “We are pleased to have successfully completed the sale of Fortegra, which represents the culmination of a multi-year strategy to build and scale a...

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...