Divestiture News

DALLAS--(BUSINESS WIRE)--Aethon Energy Management LLC (“Aethon”) today announced that it has successfully completed the previously announced sale of 100% of the equity interests of Aethon United LP and Aethon III LLC, as well as certain other related operational, production and midstream entities and interests (“the Aethon Fund II and Fund III Assets”), to Mitsubishi Corporation (“Mitsubishi”). The transaction represents a complete sale for all Aethon United and Aethon III limited partners, and...

BOSTON & CHICAGO--(BUSINESS WIRE)--Audax Private Equity and Linden Capital Partners Agree to Sell StatLab Medical Products to Leica Biosystems...

LONDON--(BUSINESS WIRE)--I Squared Capital ("I Squared"), a leading independent global infrastructure investor, today announced it has entered into a definitive agreement to sell a 25% minority interest in TIP Group ("TIP" or the "Company"), one of Europe’s leading transportation equipment leasing and services platforms, to Investment Management Corporation of Ontario (“IMCO”) and GCM Grosvenor. Headquartered in Amsterdam, TIP is one of Europe's largest trailer leasing and equipment services co...

PARIS--(BUSINESS WIRE)--In line with its strategy to refocus its renewable development on large utility-scale solar and wind farms in order to benefit from economies of scale, TotalEnergies (Paris:TTE) (LSE:TTE) (NYSE:TTE) announces that it has completed the divestment of all its distributed solar assets (around 170 MW), mainly rooftop installations, across 7 European countries (France, Belgium, the Netherlands, Spain, Portugal, the United Kingdom and Luxembourg) to Amarenco and AMPYR Distribut...

DETROIT--(BUSINESS WIRE)--Huron Capital Partners (“Huron Capital”), a leading middle market private equity firm, is pleased to announce the sale of Horsepower Automotive Group (“HPAG” or the “Company”), a diversified aftermarket automotive platform, to River Associates Investments (“River Associates”).Huron initially launched the platform in 2015 through its acquisition of Drake Automotive, a provider of vintage Mustang enthusiast parts. Through a focused buy-and-build strategy, Huron completed...

VICTORIA, British Columbia--(BUSINESS WIRE)--Vecima announces an agreement to sell the assets of its Telematics business segment, including its Nero Global Tracking software, to Lantronix....

NEW YORK--(BUSINESS WIRE)--Regulatory News: Coty Inc. (NYSE: COTY) (Paris: COTY) (“Coty” or “the Company”) today announced that it has entered into an agreement to transition the Gucci Beauty license back to Kering for a consideration of approximately $400 million. Under the terms of the agreement, Coty will continue to operate the Gucci Beauty brand through at least June 30, 2027, ending the license approximately one year ahead of the original license term. Markus Strobel, Executive Chairman a...

CHICAGO--(BUSINESS WIRE)--HC Private Investments (“HCPI”), a Chicago-based private equity firm, announced today the sale of its portfolio company, Epicurean Butter (“Epicurean”), to Solina USA (“Solina”). Terms of the transactions were not disclosed. Since partnering with Epicurean’s founders John and Janey Hubschman in 2019, HCPI made significant investments in senior leadership, equipment, facilities and innovation to support the Company’s transformation from a founder-owned business into a s...

TOKYO--(BUSINESS WIRE)--Mitsubishi Electric Corporation (TOKYO: 6503) announced today that it reached an agreement on July 2 to transfer a portion of its shares in its wholly owned, Fukuoka-based subsidiary, Mitsubishi Electric FA Industrial Products Corporation, to Konecranes Oyj, a company based in Finland. The transaction is expected to be completed within the current fiscal year ending in March 2027, pending necessary regulatory approvals. Following the transfer, Mitsubishi Electric FA Indu...

NEW YORK--(BUSINESS WIRE)--Stable Asset Management (“Stable”), one of the largest and most-tenured GP stake builders focused on GP seed and acceleration investing, today announced the completion of its sale of a portfolio of minority, net revenue-share interests in alternative asset managers (the “Target Portfolio”) to Navigator Global Investments (ASX: NGI), a diversified alternative asset management company, for a total consideration of $190 million. The closing marks the establishment of a l...