Divestiture News

JACKSONVILLE BEACH, Fla.--(BUSINESS WIRE)--Dubin Clark & Company, Inc. (“Dubin Clark”), a private equity firm focused on partnering with lower middle market businesses, is pleased to announce the sale of Reel Power International Corp. (“Reel Power” or the “Company”), a leading provider of engineered winding, spooling, and material-handling equipment, to StoneTree Investment Partners LLC (“Stone Tree”), a private equity firm specializing in niche manufacturing and industrial companies. Headq...

BETHESDA, Md.--(BUSINESS WIRE)--Pebblebrook Hotel Trust Completes $72.0 Million Sale of The Westin Michigan Avenue Chicago...

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”), today announced the sale of its non-operated DJ Basin assets to a private buyer for $90 million in cash, subject to customary post-closing purchase price adjustments. The assets, primarily located in Weld County, Colorado, have current production of approximately 7 Mboe/d (~20% oil). This transaction is the latest update to Crescent’s previously announced non-core divestiture program. Including this sa...

CALGARY, Alberta--(BUSINESS WIRE)--Waterous Energy Fund Management Corp. (the "WEF Manager"), in its capacity as manager of certain limited partnerships, including but not limited to, WEF Osum Co-Invest II LP ("Osum II"), Waterous Energy Fund (Canadian) LP, Waterous Energy Fund (US) LP, Waterous Energy Fund (International) LP and Waterous Energy Fund II Aggregator LP (together with certain other entities managed by the WEF Manager, the "WEF Funds"), today announced that Osum II has completed a...

TOKYO--(BUSINESS WIRE)--Asahi Kasei announces its strategic divestiture of Daramic, a lead battery separator business to Kingswood Capital Management, LP....

NEWPORT BEACH, Calif. & WALTHAM, Mass.--(BUSINESS WIRE)--Windjammer Capital Investors (“Windjammer”) is pleased to announce the sale of its portfolio company Paragon Energy Solutions (“Paragon” or the “Company”) to Mirion Technologies, Inc. (NYSE: MIR, “Mirion”). Based in Fort Worth, Texas, Paragon is a leading provider of highly engineered solutions for large-scale nuclear power plants and small modular reactors (“SMRs”). The Company provides a wide range of products including electrical, sens...

CHARLOTTE, N.C.--(BUSINESS WIRE)--Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today announced that it has entered into a definitive agreement to sell IMO, its international car wash business to Franchise Equity Partners. “This transaction sharpens our focus on what we do best — scaling Take 5 and driving consistent cash generation through our Franchise Brands,” said Danny Rivera, President and Chief Executive Officer. “IMO is a good business, but it is not core...

CLEVELAND--(BUSINESS WIRE)--Blue Point Capital Partners is pleased to announce the successful exit of Country Pure Foods (“CPF”), a leading provider of branded and private-label beverage product solutions. Founded in 1995, CPF has become one of the largest suppliers of portioned and multi-serve juices, plant-based beverages and frozen novelties. With a diverse portfolio of 60 products in multiple packaging options, CPF serves the healthcare and education markets as well as industry-leading food...

LONDON--(BUSINESS WIRE)--Capri Holdings Limited (NYSE:CPRI), a global fashion luxury group, today announced that it has completed the previously announced sale of Versace to Prada S.p.A. (HKSE:1913) for $1.375 billion in cash subject to certain adjustments. John D. Idol, the Company's Chairman and Chief Executive Officer, said, "With the successful completion of the sale of Versace, we plan to use the proceeds to repay the majority of our debt, which will substantially strengthen our balance sh...

STAMFORD, Conn.--(BUSINESS WIRE)--HARMAN today announced the official closing of the previously announced sale of its Digital Transformation Solutions (DTS) business unit to Wipro Limited, following all required regulatory approvals. The transaction advances HARMAN’s strategic focus on strengthening its core Automotive and Lifestyle businesses while ensuring continuity and opportunity for DTS employees and customers. “This milestone reflects our disciplined approach to portfolio management and...