Alight, Inc. (NYSE: ALIT), renowned for its cloud-based human capital technology, announced the completion of its strategic divestiture of the Professional Services and Payroll & HCM Outsourcing businesses within the Employer Solutions segment. The transaction, which concluded with an affiliate of H.I.G. Capital, is valued up to $1.2 billion. It comprises $1 billion in upfront […]
Babcock & Wilcox Enterprises, Inc. (B&W) (NYSE: BW), has completed the sale of its Danish subsidiary, Babcock & Wilcox Renewable Service A/S (BWRS), to Hitachi Zosen Inova AG (HZI) based in Zurich, Switzerland. The transaction, finalized on June 28, 2024, was valued at $87 million, subject to customary fees and adjustments. BWRS, a key player […]
Phoenix Group Holdings plc, the UK’s largest long-term savings and retirement business, has announced its intention to explore the potential sale of SunLife Limited, its subsidiary catering to the over 50s market in the UK. This decision comes as Phoenix Group looks to streamline its operations and focus on its core vision of becoming the […]
In a significant move that underscores its strategic pivot towards strengthening its core business, The Clorox Company (NYSE: CLX) (“Clorox”) has officially announced the divestiture of its subsidiaries, collectively known as “Clorox Argentina”, which operate across Argentina, Uruguay, and Paraguay. This transaction sees the businesses transferred to Apex Capital, a private equity fund affiliated with […]