Divestiture News

PASADENA, Calif.--(BUSINESS WIRE)--ExchangeRight, one of the nation’s leading providers of diversified real estate DST and REIT investments, has announced that demand for the company’s historically recession-resilient debt-free offerings has driven the full subscription of Net-Leased All-Cash 9 DST. The $24.78 million portfolio of net-leased real estate, backed by primarily investment-grade companies operating in necessity retail, provides investors with monthly distributions at a current rate...

BEVERLY HILLS, Calif.--(BUSINESS WIRE)--OpenBet, a world leader in betting and gaming entertainment, today announced the completion of its sale by Endeavor Group Holdings, Inc. (“Endeavor”) (NYSE: EDR) to OB Global Holdings LLC (“OB Global”) in a management buyout backed by Ariel Emanuel with participation from OpenBet executives, including Jordan Levin, who continues to lead the business as CEO. Levin said: “As this new chapter begins, OpenBet is better positioned than ever to drive market exp...

NEW YORK--(BUSINESS WIRE)--Coty Inc. (Coty Inc. (NYSE: COTY) (Paris: COTY) ("Coty" or "the Company") today announced the conclusion of its partnership with Kim Kardashian and the SKKN by Kim (“SKKN”) brand, with the closing of the sale of its 20% stake in the brand to SKIMS. Following the transaction, SKIMS will be uniting the beauty and lifestyle ventures under one brand. Anna von Bayern, CEO of Kylie Cosmetics and leader of Kim Kardashian’s beauty business at Coty, says: “Since Coty’s establi...

HOUSTON--(BUSINESS WIRE)--NGPL PipeCo LLC (PipeCo) today announced that Brookfield Infrastructure Partners L.P. (NYSE: BIP; TSX: BIP.UN) has agreed to sell entities that hold its entire 25.0% minority interest in NGPL Holdings LLC (NGPL Holdings), PipeCo’s indirect parent company, to one or more funds controlled by ArcLight Capital Partners, LLC (ArcLight). Upon closing, ArcLight funds will hold a 62.5% interest in NGPL Holdings. Kinder Morgan, Inc. (NYSE: KMI) continues to operate PipeCo’s pip...

BELLEVUE, Wash.--(BUSINESS WIRE)--T-Mobile (NASDAQ: TMUS) today announced it has reached an agreement in principle to divest the company’s 800 MHz spectrum portfolio to purchaser Grain Management, LLC, a leading private investment firm focused on digital infrastructure and solutions to the global broadband industry. In partnership with energy and infrastructure experts from Black & Veatch, Grain is planning to market the 800 MHz spectrum portfolio to utilities, other critical infrastructure...

NEEDHAM, Mass.--(BUSINESS WIRE)--International Data Group announced the completion of the sale of Foundry to Regent, a global private equity firm....

CHICAGO--(BUSINESS WIRE)--PPM America’s CLO Team today announced the close of CLO 8....

WEST PALM BEACH, Fla.--(BUSINESS WIRE)--Comvest Partners (“Comvest”), a middle-market private equity and credit investment firm, today announced the sale of Atomic Transport (“Atomic”), a leading provider of specialized waste management services based in Chattanooga, Tenn. Atomic had been a portfolio investment of Comvest Credit Opportunities, Comvest’s opportunistic credit strategy, since 2021. Atomic provides long-haul waste transport and transfer station management services to waste manageme...

CAMARILLO, Calif.--(BUSINESS WIRE)--Salem Media Group Announces Sale of Remaining Honolulu, Hawaii Radio Stations...

LOS ANGELES--(BUSINESS WIRE)--Levine Leichtman Capital Partners (“LLCP”), a Los Angeles-based private equity firm, announced today that it has sold its portfolio company Encore Fire Protection (“Encore” or the “Company”) to funds advised by Permira, a global investment firm. Financial terms of the transaction were not disclosed. Encore is a leading provider of fire protection services across the Northeast and Mid-Atlantic U.S. Headquartered in Pawtucket, Rhode Island, the Company delivers testi...