Divestiture News

PHILADELPHIA--(BUSINESS WIRE)--Armada Acquisition Corp. II (Nasdaq: AACI) (“Armada” or the “Company”) today announced that it has completed a Sponsor Securities Purchase transaction under which Arrington XRP Capital Fund, LP (“Arrington”) has acquired the securities of Armada Acquisition Corp. II owned by Armada Sponsor II LLC, the (now former) sponsor of Armada. Under the terms of the Sponsor Securities Purchase Agreement, Arrington purchased 7,880,000 Class B ordinary shares, 400,000 Class A...

NEW YORK--(BUSINESS WIRE)--Investment funds managed by Morgan Stanley Capital Partners (MSCP) today announced they completed the sale of Clarity Software Solutions (Clarity or the Company), a leading provider of health plan member communication services, to mPulse. Financial details of the transaction were not disclosed. Headquartered in Madison, Connecticut, Clarity is a technology enabled provider of member multimodal communications and engagement solutions for health insurance providers, thi...

MONT-SAINT-GUIBERT, Belgium--(BUSINESS WIRE)--Regulatory News: Celyad Oncology (Euronext: CYAD) (“Celyad” or the “Company”), today announced that it has decided to discontinue its research and development (R&D) activities and to implement a significant reduction in its R&D workforce due to limited cash resources. This decision follows a comprehensive review of the Company’s operations, limited resources and results, and strategic options. Celyad will continue to focus its efforts on the...

HOUSTON--(BUSINESS WIRE)--Crescent Energy Company (NYSE: CRGY) (“Crescent” or the “Company”) and Vital Energy, Inc. (NYSE: VTLE) (“Vital”), today announced that they have entered into a definitive agreement (the “Merger Agreement”) pursuant to which Crescent will acquire Vital in an all-stock transaction valued at approximately $3.1 billion, inclusive of Vital’s net debt (the “Transaction”). The Transaction will establish a top 10 independent with a consistent and free cash flow focused strateg...

SAN FRANCISCO--(BUSINESS WIRE)--Further to the announcement on August 16, 2024, affiliates of Francisco Partners, a leading technology investment firm, today announced they have completed the sale of iconectiv, LLC, a telecommunications solutions leader, in conjunction with Ericsson (NASDAQ: ERIC), the global supplier of mobile communication and connectivity solutions for service providers and enterprises, to Koch Equity Development LLC ("KED"), the principal investment and acquisition arm of K...

GREENWICH, Conn.--(BUSINESS WIRE)--Trinity Investments has sold a majority interest in Hyatt Regency Greenwich to an affiliate of Certares Real Estate Management LLC....

CAMBRIDGE, England & BOSTON--(BUSINESS WIRE)--After selling its UK care business, ieso is scaling its clinical-grade generative AI platform to expand access to safe, effective mental healthcare....

NEW YORK--(BUSINESS WIRE)--Seaport Entertainment Group (NYSE: SEG) announces agreement to sell 250 Water Street development for $150.5 million; closing expected by end of 2025....

BOSTON & SAN FRANCISCO--(BUSINESS WIRE)--Audax Private Equity (“Audax”), a capital partner for middle and lower middle market companies, announced today it has agreed to the sale of Trexon (“The Company”), a designer and manufacturer of custom interconnect solutions for mission critical applications. The sale to Amphenol Corporation (NYSE: APH) is subject to customary closing conditions and expected to close in the fourth quarter of 2025. Headquartered in Boston, MA, with 1,100 employees global...

BOSTON & SAN FRANCISCO--(BUSINESS WIRE)--Audax Private Equity (“Audax”), a capital partner for middle and lower middle market companies, announced today it has completed the sale of GovOS, a provider of transaction and compliance software for state and local governments to Neumo, a provider of integrated administrative, revenue enhancement and payment software. Terms of the transaction are not disclosed. Based in Austin, Texas, GovOS’s platform provides a suite of cloud-based transaction and co...