Divestiture News

ATLANTA--(BUSINESS WIRE)--Global Payments Inc. today announced definitive agreements to divest its Issuer Solutions business to FIS and acquire Worldpay from GTCR and FIS....

DENVER--(BUSINESS WIRE)--Newmont Completes Its Non-core Divestiture Program With the Sale of Akyem and Porcupine...

BOSTON--(BUSINESS WIRE)--Jones Street Investment Partners (“Jones Street”), a private equity real estate firm specializing in multifamily investments across the Northeast and Mid-Atlantic regions of the U.S., today announced the successful disposition of three multifamily properties—located in Albany, NY, Hanover, MA, and Norton, MA—through separate sale transactions totaling $159.5 million in gross proceeds. Each asset was acquired as a core-plus investment and benefited from strong regional d...

ST. LOUIS--(BUSINESS WIRE)--Bunge Global SA (NYSE:BG) has entered into definitive agreements to sell its North America dry corn and corn masa milling businesses to Grain Craft, one of the largest independent flour millers in the U.S. This transaction includes Bunge facilities in Danville, Illinois; Worthington, Indiana; Crete, Nebraska; Red Oak, Iowa; Muleshoe, Texas; Atchison, Kansas; and Queretaro, Mexico. Bunge’s Co-President, Agribusiness, Julio Garros commented, “We carefully considered ho...

INDIANAPOLIS--(BUSINESS WIRE)--Trabian Technology, Inc. (”Trabian”), a leading software development company with a focus on innovation in the financial services space, is excited to announce its acquisition of the Mesh platform, a powerful middleware platform that streamlines banking operations, from Core10, Inc. (“Core10”). This strategic acquisition strengthens Trabian’s position in the market and expands its ability to deliver innovative, reliable, and scalable solutions to community financi...

NASHVILLE, Tenn.--(BUSINESS WIRE)--Healthcare Management Partners (“HMP”), a healthcare restructuring and consulting firm announces the successful court-approved sale of five senior living communities to long-term ownership. These communities were placed in receivership in August of 2021. Derek Pierce, Managing Director of HMP, served the role of court-appointed receiver. During the receivership, HMP’s executive team preserved the facilities’ cash flow for operations and repairs and maintenance...

CHARLOTTE, N.C.--(BUSINESS WIRE)--Driven Brands Holdings Inc. (NASDAQ: DRVN) (“Driven Brands” or the “Company”) today announced the completion of the sale of its U.S. car wash business to Express Wash Operations, LLC dba Whistle Express Car Wash (“Whistle”). “The completion of this transaction marks an important milestone for Driven Brands, enabling us to focus on our industry-leading Take 5 Oil Change business underpinned by our stable, cash-generating franchise businesses,” said Jonathan Fitz...

CHARLOTTESVILLE, Va.--(BUSINESS WIRE)--Apex Clean Energy today announced an agreement with EGCO Group for the partial sale of a 251 MW portfolio of energy assets....

NEW YORK--(BUSINESS WIRE)--Corsair, a financial services investor focused on payments, software and business services, today announced it has completed the sale of eurochange (the “Company”), formerly a subsidiary of Corsair portfolio company NoteMachine and one of the leading high street retailers of travel money in the United Kingdom, to a subsidiary of The Western Union Company (“Western Union”). Following the October 2022 disposal of NoteMachine’s UK ATM and Testlink divisions to the Brink’...

SHENZHEN, China--(BUSINESS WIRE)--Nam Tai Property Inc. (OTC Expert Market: NTPIF) (the “Company”) today announced that the Company entered into an agreement with the local government of Wuxi (the “Buyer”) to sell the Company’s Wuxi Property (the “Property”) for RMB 224.8 million, or approximately $31 million (USD) (the “Exit Price”), on March 15, 2025. Under the agreement, the Buyer paid 50% of the Exit Price upon signing the agreement and will pay the remaining balance at closing, which is an...