Divestiture News

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Liberty Broadband Corporation Announces When-Issued Trading and Ex-Dividend Date Information in Connection with Upcoming Spin-Off of GCI Liberty, Inc....

SAN FRANCISCO--(BUSINESS WIRE)--EarnUp, a fintech company committed to helping Americans achieve financial wellness through intelligent loan payment automation, today announced the sale of its AI Advisor technology assets to BECU. BECU is a leading depository institution with over $29 billion in assets. EarnUp will use the proceeds of the transaction to accelerate the development of its next-generation debt management platform. EarnUp provides payment solutions to seven of the 25 largest U.S. b...

INDIANAPOLIS--(BUSINESS WIRE)--HKW, a middle-market private equity firm focused on growth-oriented companies, has sold Technical Toolboxes Powertools, Inc. (“Technical Toolboxes”) to BVP Forge, a private equity firm for growth-oriented, self-sustaining technology and services businesses. As part of the transaction, Theatre Capital LLC, a middle-market investor in technology companies, also sold its stake in the company. Technical Toolboxes, headquartered in Houston, Texas, provides cloud-based...

LOS ANGELES--(BUSINESS WIRE)--Westwood Financial, a 55-year-old leading retail real estate investment firm based in Los Angeles, today announced the sale of Wyoming Mall, a 51,713-square-foot retail center in Albuquerque, New Mexico, to Curbline Properties Corporation. The completion of this sale marks the firm’s strategic exit from the market. Located at 2004 Wyoming Blvd NE, Wyoming Mall is a Walmart Supercenter-anchored shopping center in the heart of Northeast Heights, just east of the vibr...

NEW YORK--(BUSINESS WIRE)--TruArc Partners, LP (“TruArc”), a private equity firm focused on the middle‑market, today announced the completion of its sale of Ideal Tridon (the “Company”), a scaled manufacturer of engineered fastening, sealing, and support systems, to Nautic Partners. Terms of the transaction were not disclosed. Since acquiring Ideal Tridon, TruArc has invested significantly alongside the management team to execute a robust growth strategy. During that time, the Company has expan...

NEW YORK--(BUSINESS WIRE)--Morgan Stanley Investment Management (MSIM), through investment funds managed by Morgan Stanley Infrastructure Partners (MSIP), its private infrastructure investment platform, today announced it has entered into an agreement to sell its ownership stake in TigerGenCo Red Oak Holdings, LLC (“Red Oak” or the “Facility”) to funds managed by Strategic Value Partners. Located in Sayreville, New Jersey, Red Oak, is part of the PJM Interconnection, which is North America’s la...

CHESAPEAKE, Va.--(BUSINESS WIRE)--Dollar Tree, Inc. (NASDAQ: DLTR) (the “Company”) today announced the completion of the previously announced sale of its Family Dollar business segment to Brigade Capital Management, LP (“Brigade”) and Macellum Capital Management, LLC (“Macellum”) for an aggregate base purchase price of $1,007.5 million in cash, subject to certain adjustments. Net proceeds from the sale are estimated to total approximately $800 million comprised of $665 million paid at closing a...

MILWAUKEE, Wis.--(BUSINESS WIRE)--Luxfer Holdings PLC (NYSE: LXFR) (“Luxfer” or the “Company”), a global industrial company innovating niche applications in materials engineering, today announced that it has completed the divesture of its Graphic Arts business to Vulcan Metals Specialty Products, Inc., a newly created affiliate of TerraMar Capital LLC. Terms of the transaction were not disclosed. This divestiture follows a value-creation strategic review, which identified three key priorities:...

PITTSBURGH--(BUSINESS WIRE)--Alcoa Corporation (NYSE: AA; ASX: AAI) (“Alcoa” or the “Company”) today announced the successful closing of the Company’s sale of its full ownership interest of 25.1% in the Ma’aden Joint Venture (the “Joint Venture”) to Saudi Arabian Mining Company (“Ma’aden”), pursuant to a binding share purchase and subscription agreement (the “Agreement”). Alcoa received proceeds of approximately 86 million shares of Ma’aden (valued at approximately $1.2 billion) and $150 millio...

NOVATO, Calif.--(BUSINESS WIRE)--BANK OF MARIN ANNOUNCES STRATEGIC BALANCE SHEET REPOSITIONING TO ENHANCE FUTURE EARNINGS...