Divestiture News

NEW YORK--(BUSINESS WIRE)--Tailwind Capital (“Tailwind”), a growth-oriented private equity firm investing in Industrials and Technical Services, today announced its exit from Cumming Group (“Cumming” or the “Company”), a global project and cost management consulting firm with over 60 offices. Tailwind initially invested in Cumming in 2016 and following a majority recapitalization to New Mountain Capital in 2021, remained a minority investor through the Company’s next phase of growth. From the t...

DENVER--(BUSINESS WIRE)--SSR Mining Inc. (Nasdaq/TSX: SSRM) ("SSR Mining" or the “Company") is pleased to announce that it has closed the sale of its 80% ownership stake in the Çöpler mine and related properties in Türkiye (collectively, “Çöpler”) to Cengiz Holding A.S. and affiliates. At closing SSR Mining received approximately $1.49 billion in cash consideration for the sale of its ownership in Çöpler, after giving effect to various working capital adjustments.SSR Mining would like to thank i...

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, Waterous Energy Fund (Canadian) LP, Waterous Energy Fund (US) LP and Waterous Energy Fund (International) LP (collectively, the "Fund I Limited Partnerships", and together with Waterous Energy Fund II Aggregator LP and certain other entities managed by the WEF Manager, the "WEF Funds"), today announced that the Fu...

CHICAGO--(BUSINESS WIRE)--Equity Group Investments (“EGI”), the private investment firm founded by Sam Zell, today announced it exited its investment in Cross Border Xpress (“CBX”), a binational pedestrian bridge connecting San Diego directly to Tijuana International Airport, through the sale of its stake in CBX to Grupo Aeroportuario del Pacífico, S.A.B. de C.V. (NYSE: PAC) (“GAP”). Based in Guadalajara, Mexico, GAP is an airport operator managing a portfolio of airports across Mexico and the...

ELGIN, Ill.--(BUSINESS WIRE)--The Middleby Corporation (NASDAQ: MIDD) today announced that its Board of Directors (the “Board”) has formally approved the previously announced spin-off of its Food Processing business, Midera Food Processing, Inc. (“Midera”). To execute the spin-off, Middleby will distribute all of the issued and outstanding shares of Midera common stock pro rata to Middleby stockholders of record on June 26, 2026 (the “Record Date”). The Board expects the distribution to occur a...

LIMA, Peru--(BUSINESS WIRE)--Logistic Properties of the Americas (NYSE American: LPA) (together with its subsidiaries, "LPA" or "the Company"), today announced a strategic alliance with FIBRA Prime, a preeminent diversified Real Estate Investment Trust in Peru, through the divestment of Parque Logístico Lima Sur (“PLS”), a premier logistics park located in the Lurín submarket of Lima. Subject to customary regulatory approvals and closing conditions, FIBRA Prime will acquire 100% of PLS for a to...

BEVERLY, Mass.--(BUSINESS WIRE)--Easterly Clear Ocean (“ECO” or “the Company”), a maritime investment platform and Strategic Partner of Easterly Asset Management, today announced the successful exit of all vessels in its inaugural investment fund, ECO Tranche I. All remaining vessels were sold in Q2 2026 and will be delivered to buyers by Q3 2026. ECO I is expected to achieve an estimated 63% net Internal Rate of Return (IRR) and an estimated 4.25x net multiple at close, subject to final audit...

LUXEMBOURG--(BUSINESS WIRE)--JAB BevCo B.V., a subsidiary of JAB Holding Company S.a.r.l. (“JAB”), today announced that it has sold its remaining stake in Keurig Dr Pepper Inc. (NASDAQ: KDP), consisting of approximately 59.1 million shares, or approximately 4.3% of KDP's outstanding common stock, through an unregistered block trade by J.P. Morgan Securities LLC. JAB remains firmly committed to its consumer investment platform and, with a team strengthened by recent senior appointments, will con...

CHICAGO--(BUSINESS WIRE)--Paragon Biosciences today announced the closing of the sale of Emalex Biosciences to Teva Pharmaceutical, reinforcing Paragon's ability to build innovative biotechnology companies that deliver important treatments to the patients who need them. Emalex is another Paragon Biosciences-founded company built to develop a novel class of treatment for patients with central nervous system disorders, following in the footsteps of other successful Paragon companies such as Harmo...

HOUSTON--(BUSINESS WIRE)--Total Safety U.S., Inc. (“Total Safety” or the “Company”), a leading provider of integrated industrial safety services, equipment, and compliance solutions, and portfolio company of Littlejohn & Co., LLC (“Littlejohn”), today outlined its next chapter of growth with a dedicated focus on the North American safety market, following the divestitures of its Europe and Middle East (“EMEA”) division and its Supplies and Solutions division, as well as its 2025 acquisition...