Divestiture News

NEW YORK--(BUSINESS WIRE)--Ladder Capital Corp ("Ladder" or the "Company") (NYSE: LADR), an investment grade-rated REIT, announced that activity incremental to its net interest and rental income is estimated to contribute between $0.42 and $0.45 to GAAP EPS, or between $0.14 and $0.17 to Distributable EPS in the third quarter of 2026. Such amounts are inclusive of the sale of a Jacksonville, Florida office property. All figures are subject to final accounting review. About Ladder Ladder Capital...

DENVER--(BUSINESS WIRE)--Mountaingate Capital (“Mountaingate”), a Denver-based private equity firm focused on partnering with founders and entrepreneurs to execute transformative growth strategies in the lower middle-market, today announced that it has exited its investment in Relevate Health (“Relevate”), a leading healthcare commercialization platform serving pharmaceutical, biotechnology, medical device, and healthcare organizations. The exit of its investment in Relevate by Mountaingate rep...

MIAMI--(BUSINESS WIRE)--Trinity Investments (“Trinity”), a U.S.-based hospitality-focused real estate investor, announced today that it has entered into a definitive agreement to sell the Grande Lakes Orlando Resort, a 409-acre luxury complex anchored by a 582-key Ritz-Carlton and a 1,010-key JW Marriott, for $1.38 billion to Ryman Hospitality Properties, Inc. (NYSE: RHP). Trinity acquired the resort in December 2018 for $870 million, with financial backing from Elliott Investment Management (“...

LONDON & SÃO PAULO--(BUSINESS WIRE)--IHS Mauritius BR Limited, part of IHS Holding Limited (NYSE: IHS) (“IHS Towers” or the “Company”), one of the largest independent owners, operators and developers of shared communications infrastructure in the world by tower count, has completed the sale, as announced on February 17, 2026, of its Latin America tower operations, inclusive of IHS Brazil1 and IHS Colombia and its approximately 9,0002 sites to Macquarie Asset Management. The completion of this t...

LOUISVILLE, Ky.--(BUSINESS WIRE)--Yum! Brands, Inc. (NYSE: YUM) (“Yum!” or the “Company”) today announced the completion of the sale of Pizza Hut in Mainland China (“Pizza Hut China”) to Yum China Holdings, Inc. (NYSE: YUMC; HKEX: 9987) (“Yum China”), for $1.2 billion. The transaction with Yum China represents one of two previously announced definitive agreements to sell Pizza Hut for $2.7 billion in the aggregate, subject to certain purchase price adjustments relating to the sale of the Pizza...

HOUSTON--(BUSINESS WIRE)--Woodside has entered an agreement to sell its 70% operated interest in production sharing contract TTDAA 14 (‘Calypso Project’) in Trinidad and Tobago to bp. bp currently holds the remaining 30% interest in the project and has an established upstream presence in Trinidad and Tobago. Woodside Chief Executive Officer Liz Westcott said the Calypso Project divestment further simplified Woodside's portfolio and supported the company's disciplined approach to capital allocat...

NEW YORK--(BUSINESS WIRE)--Broad Sky Partners, a private equity firm that partners with essential services businesses in the middle market, today announced it has completed the sale of Smith + Howard, a nationally recognized assurance, tax, advisory and wealth management firm, to TPG, a leading global alternative asset management firm. TPG invested in Smith + Howard through TPG Growth, the firm’s middle market and growth equity platform. Terms of the transaction were not disclosed. During Broad...

RICHMOND, Va.--(BUSINESS WIRE)--McKesson Medical Surgical unveils meaning and vision of new name, branding, as part of planned separation; expects to transition to new name in 2027....

WAYNE, Pa.--(BUSINESS WIRE)--Teleflex Incorporated (NYSE: TFX) (the “Company”) today announced financial results for the second quarter ended June 30, 2026. Second quarter 2026 continuing operations financial summary1 Revenue from continuing operations of $570.3 million, up 28.9% compared to the prior year period, and up 4.7% on a pro forma adjusted constant currency basis1,2 GAAP diluted EPS from continuing operations of $0.96, compared to $1.54 in the prior year period Adjusted diluted EPS fr...

HAMILTON, Bermuda--(BUSINESS WIRE)--Everest Group, Ltd. (“Everest” or “the Company”) (NYSE: EG), a global specialty reinsurance and insurance leader, today announced that it has entered into a definitive agreement to sell Compañía de Seguros Generales Everest México S.A. de C.V. (“Everest Mexico”) to Fairfax Financial Holdings Limited (“Fairfax”) (TSX: FFH and FFH.U). “This agreement reflects the disciplined execution of our strategic priorities and continues the transformation of Everest into...