Tracked deals
436
436 tracked deals across 2024.
Divestitures in 2024
Buyer mix
Strategic-led
385 strategic · 115 pe
Top trend
Volume peaked in 2024
436 tracked deals announced in 2024.
Buyer Snapshot
Top Buyers
Illustrative buyers pulled from tracked transactions on this page. This table is capped and intentionally non-exhaustive.
| Buyer | # Deals | Focus | Type |
|---|---|---|---|
| Hub International Limited | 3 | Global insurance broker and financial services firm offer... | Strategic (PE-backed) |
| Pacific Avenue Capital Partners | 3 | Middle-market private equity firm focused on corporate ca... | PE |
| AURELIUS Private Equity | 2 | European mid-market private equity investor focused on op... | PE |
| American Water | 2 | Largest regulated water and wastewater utility company in... | Strategic |
| Ampersand Capital Partners | 2 | Middle-market private equity firm focused on growth-orien... | PE |
| Amphenol Corporation | 2 | Global designer and manufacturer of electrical, electroni... | Strategic |
| Brookfield Asset Management | 2 | Global alternative asset manager with large investments i... | PE |
| Carlyle | 2 | Global investment firm with businesses across private equ... | PE |
| Easy Ice | 2 | National provider of commercial ice machine rentals and m... | Strategic |
| Fabric | 2 | Healthcare technology company providing virtual care plat... | Strategic |
Acquisition Volume in Divestitures in 2024 by Year
Last 10 years
Actual
Full-year estimate
Supporting Data
Recent Transactions
-
December 31, 2024
- Buyer
- EG Acquisition LLC
- Target
- Golden Vertex Corp., Golden Vertex (Idaho) Corp., Elevation Gold Mining Corporation (certain assets, including shares of Golden Vertex Corp.)
- Seller
- Elevation Gold Mining Corporation
- Industry
- Oil & Gas
- Location
- Arizona, United States
- Type
- Divestiture
Elevation Gold Mining Corporation entered into a purchase and sale agreement with EG Acquisition LLC to sell certain assets, including the outstanding common shares of Golden Vertex Corp., which holds the Moss Mine in Arizona. The transaction received Canadian Supreme Court approval on December 17, 2024 and the U.S. recognition/approval order was entered on December 30, 2024, with closing expected/occurring on December 31, 2024.
-
December 31, 2024
- Buyer
- French State (represented by Agence des participations de l'Etat)
- Target
- Alcatel Submarine Networks (ASN)
- Seller
- Nokia Oyj
- Industry
- Telecommunications
- Location
- Île-de-France, France
- Type
- Divestiture
Nokia completed the sale of Alcatel Submarine Networks (ASN) to the French State (represented by the Agence des participations de l'Etat) on 31 December 2024, with Nokia retaining a 20% stake and board representation until a targeted exit. The divestment allows Nokia to focus its Network Infrastructure portfolio while positioning ASN under French State ownership to support its continued development as a strategic, vertically integrated submarine cable systems provider.
-
December 24, 2024
- Buyer
- Amynta Group, Amynta Risk Solutions
- Target
- Crum & Forster Credit Division
- Seller
- Crum & Forster, Fairfax Financial Holdings Limited
- Industry
- Insurance
- Location
- New Jersey, United States
- Type
- Divestiture
Amynta Group has acquired the Credit Division of Crum & Forster (a Fairfax Financial subsidiary). The acquired business will operate as a full-service Managing General Underwriter under Amynta Risk Solutions, led by Daniel L. Sussman, and C&F will remain a distribution/partner for the business.
-
December 20, 2024
- Buyer
- Woodward, Inc.
- Target
- Safran Electronics & Defense electromechanical actuation business (North America)
- Seller
- Safran Electronics & Defense (Safran)
- Industry
- Aerospace & Defense
- Location
- United States
- Type
- Divestiture
Woodward (NASDAQ: WWD) signed a definitive agreement to acquire Safran Electronics & Defense’s electromechanical actuation business operating in the United States, Mexico and Canada, including IP, operations, talent and long-term customer agreements for Horizontal Stabilizer Trim Actuation (HSTA) systems. The acquisition strengthens Woodward's electromechanical actuation and flight-control product platform (notably supporting Airbus A350 programs); the transaction is expected to close in mid-2025 and financial terms were not disclosed.
-
December 20, 2024
- Industry
- Cloud & SaaS
- Type
- Divestiture
Trifork Labs portfolio shareholders have agreed to divest 30% of the existing shares in the portfolio company to an unnamed equity fund investor. Trifork Group will participate pro-rata and remain a minority shareholder after the partial sale.
-
December 19, 2024
- Buyer
- Swanton Care & Community, Apposite Capital
- Target
- Alina Disability Support
- Seller
- Alina Homecare, Bridges Fund Management
- Industry
- Healthcare Services
- Location
- England, United Kingdom
- Type
- Divestiture
Swanton Care & Community (backed by Apposite Capital) has acquired the Disability Support division of Alina Homecare from Alina Homecare / Bridges Fund Management. The division operates 11 branches across the South of England, delivering around 24,000 care hours per week, and will be integrated into Swanton’s national residential, supported living and domiciliary care platform.
-
December 18, 2024
- Buyer
- Pacific Seafood
- Target
- Trident Seafoods' Kodiak processing operations (Star of Kodiak, Alkod, Kodiak Near Island)
- Seller
- Trident Seafoods
- Industry
- Food & Beverage
- Location
- Alaska, United States
- Type
- Divestiture
Pacific Seafood has completed the acquisition of Trident Seafoods' Kodiak, Alaska processing operations, including the Star of Kodiak, Alkod and Kodiak Near Island plants and the Plaza bunkhouse. Trident's Kodiak team members will be retained as Pacific Seafood expands processing capacity and direct access to Alaska wild whitefish and other species to support its distribution network.
-
December 17, 2024
- Buyer
- CleanCapital, Manulife Investment Management
- Target
- Kendall Sustainable Infrastructure, LLC
- Seller
- Kendall Sustainable Infrastructure, LLC
- Industry
- Renewable Energy
- Location
- Massachusetts, United States
- Type
- Divestiture
CleanCapital acquired a portfolio of 40 solar assets totaling 22.7 MW from Kendall Sustainable Infrastructure (KSI), expanding its operating distributed solar footprint across Vermont, New York and California. Manulife Investment Management and its institutional co-investors committed an additional $145 million of equity to CleanCapital to fund development, construction and future acquisitions; the sale closes out KSI’s first fund dedicated to community solar.
-
December 17, 2024
- Buyer
- Kensana Health Inc.
- Target
- ABcann Medicinals Inc., MediPharm Labs Napanee Facility
- Seller
- MediPharm Labs Corp.
- Industry
- Healthcare Services
- Location
- Ontario, Canada
- Type
- Divestiture
MediPharm Labs entered into a share purchase agreement to sell its Napanee, Ontario facility to Kensana Health for $5.5 million in cash. The deal will transfer all shares of MediPharm’s wholly owned subsidiary ABcann Medicinals Inc., including the Napanee Facility’s license and related building, land, and equipment.
-
December 17, 2024
- Buyer
- Zamajal, S. A. de C.V., Grupo Carso, S.A.B. de C.V., Control Empresarial de Capitales, S.A. de C.V.
- Target
- Talos Mexico
- Seller
- Talos Energy Inc., Talos Mexico
- Industry
- Oil & Gas
- Location
- Texas, United States
- Type
- Divestiture
Talos Energy sold an additional 30.1% interest in its Mexican subsidiary, Talos Mexico, to Zamajal, an entity owned primarily by Grupo Carso. The deal increases Zamajal’s ownership to 80% of Talos Mexico (Talos retains 20%), with Talos receiving $49.7 million in cash at closing and $33.0 million contingent upon first commercial production from the Zama Field.
-
December 16, 2024
- Buyer
- EPUKI, EPH (Energetický a průmyslový holding)
- Target
- West Burton Energy
- Seller
- TotalEnergies
- Industry
- Energy
- Location
- Nottinghamshire, United Kingdom
- Type
- Divestiture
TotalEnergies has sold 50% of its shares in West Burton Energy to EPUKI, the UK subsidiary of Energetický a průmyslový holding (EPH). West Burton Energy owns a 1.3 GW gas-fired power plant and a 49 MW battery storage system in the United Kingdom and will be operated as a joint venture between TotalEnergies and EPUKI to adjust flexible generation capacity and support TotalEnergies' renewables growth.
-
December 13, 2024
- Buyer
- SailPoint Technologies, Inc.
- Target
- Imprivata Identity Governance and Administration (IGA) business
- Seller
- Imprivata
- Industry
- Cybersecurity
- Location
- Massachusetts, United States
- Type
- Divestiture
SailPoint Technologies has acquired Imprivata's Identity Governance and Administration (IGA) business and entered a strategic go-to-market partnership with Imprivata, effective December 13, 2024. SailPoint will integrate Imprivata's IGA with its Identity Security Cloud, support customers who remain on Imprivata's IGA platform through 2027, and promote Imprivata as its exclusive enterprise access management partner in healthcare while Imprivata focuses on access management, mobile, and privileged access solutions.
-
December 13, 2024
- Buyer
- Jacksons Food Stores Inc., Jackson Energy
- Target
- Hi-Noon Petroleum Inc.
- Seller
- Hi-Noon Petroleum Inc., Dirk Cooper
- Industry
- Energy
- Location
- Montana, United States
- Type
- Divestiture
Meridian, Idaho-based Jacksons Food Stores Inc. has acquired the retail, wholesale and transportation assets of Hi-Noon Petroleum Inc., a Missoula, Montana-based petroleum marketer, including three convenience stores, 46 dealer accounts and its transportation fleet. The deal transfers ownership of Hi-Noon's assets from owner Dirk Cooper (Hi-Noon Petroleum) to Jacksons, expanding Jacksons' retail and fuel distribution footprint into Montana.
-
December 13, 2024
- Buyer
- Solix Group AB
- Target
- Automation, Navigation and Control System (ANCS) business
- Seller
- Wärtsilä Corporation
- Industry
- Manufacturing
- Location
- Finland
- Type
- Divestiture
Wärtsilä has agreed to divest its Automation, Navigation and Control System (ANCS) business to Swedish investment company Solix Group AB. ANCS— a global provider of marine navigation, automation, sensors and dynamic positioning systems with ~€200m revenue in 2023—will transfer to Solix subject to approvals expected in Q2 2025.
-
December 13, 2024
- Buyer
- Proteus Enterprises, Gladstone Investment Corporation
- Target
- Ricardo Defense, Inc.
- Seller
- Ricardo plc
- Industry
- Aerospace & Defense
- Location
- Michigan, United States
- Type
- Divestiture
Proteus Enterprises, together with Gladstone Investment Corporation, acquired Ricardo Defense, Inc., an engineering services and systems integration firm headquartered in Troy, Michigan. The transaction is a divestiture by Ricardo plc; Gladstone provided equity and senior secured debt while Proteus will operate and scale the defense-focused business. Financial terms were not disclosed.
-
December 13, 2024
- Buyer
- Igneo Infrastructure Partners (funds managed by Igneo)
- Target
- Höegh Evi Ltd.
- Seller
- Morgan Stanley Investment Management (Morgan Stanley Infrastructure Partners / MSIP)
- Industry
- Energy
- Location
- Oslo, Norway
- Type
- Divestiture
Funds managed by Igneo Infrastructure Partners have agreed to buy Morgan Stanley Infrastructure Partners' 50% ownership stake in Larus Holding Limited, the parent company of Höegh Evi. Aequitas (the Høegh Family) will retain its 50% stake; Höegh Evi is a global owner-operator of FSRUs and LNG carriers transitioning toward hydrogen, ammonia and CCS solutions.
-
December 12, 2024
- Buyer
- Fortune Rise Acquisition Corporation
- Target
- Water On Demand Inc.
- Industry
- Infrastructure
- Location
- Florida, United States
- Type
- Divestiture
OriginClear’s privately-held subsidiary Water On Demand Inc. (WODI) and Fortune Rise Acquisition Corporation (FRLA) entered into a mutual termination agreement to end their October 23, 2023 business combination agreement. The termination was effective immediately, citing delays in S-4 registration that could have pushed closing to March 2025 or later and increased costs, listing concerns, and market uncertainty.
-
- Buyer
- Seplat Energy Plc
- Target
- Mobil Producing Nigeria Unlimited (MPNU)
- Seller
- ExxonMobil Corporation
- Industry
- Oil & Gas
- Location
- Nigeria
- Type
- Divestiture
Seplat Energy Plc has completed the acquisition of Mobil Producing Nigeria Unlimited (MPNU) from ExxonMobil Corporation for $672 million in cash. The deal—part of Seplat's Nigeria-focused growth strategy—boosts pro forma production and 2P reserves substantially and transfers roughly 1,000 Mobil staff to Seplat, funded from available cash and debt facilities.
-
December 12, 2024
- Buyer
- Ardian, Public Investment Fund (PIF)
- Target
- FGP Topco Ltd (parent of Heathrow Airport Holdings Ltd)
- Seller
- Ferrovial, Tagging Shareholders (other shareholders of FGP Topco)
- Industry
- Infrastructure
- Location
- Greater London, United Kingdom
- Type
- Divestiture
Ferrovial and certain other shareholders completed the sale of 37.62% of FGP Topco (parent of Heathrow Airport Holdings Ltd) to Ardian and the Public Investment Fund (PIF) for GBP 3,259 million (approximately €4,000 million). Ferrovial sold a 19.75% stake, will retain a 5.25% holding (to be recorded as a financial investment) and expects to recognize an estimated €2,500 million profit related to the transaction.
-
December 12, 2024
- Buyer
- LiveFreely Inc.
- Target
- Sompo Horizon
- Seller
- Sompo Holdings
- Industry
- Healthcare Services
- Location
- Japan
- Type
- Divestiture
LiveFreely Inc., a San Jose–based digital health technology company, has acquired Sompo Horizon, a caregiving benefits provider and subsidiary of Sompo Holdings. The deal adds Sompo Horizon's CareGo platform to LiveFreely's AI-driven BUDDY product, enabling capability expansion and faster entry into the Japan / Asia‑Pacific caregiving market.
-
December 11, 2024
- Buyer
- Albertsons Companies, Inc.
- Target
- Kroger, Albertsons Companies, Inc.
- Industry
- Retail
- Location
- Idaho, United States
- Type
- Divestiture
Albertsons Companies exercised its right to terminate its merger agreement with Kroger after courts issued injunctions blocking the proposed deal in Oregon and Washington on December 10, 2024. The company says the termination follows federal and state decisions to block the merger and that Albertsons will continue as a standalone business.
-
December 11, 2024
- Buyer
- Veritiv Operating Company
- Target
- Orora Packaging Solutions (OPS)
- Seller
- Orora (ASX: ORA)
- Industry
- Packaging
- Location
- California, United States
- Type
- Divestiture
Veritiv Operating Company has completed the acquisition of Orora Packaging Solutions (OPS), the North American packaging and distribution business of Orora. The deal brings nearly 3,000 OPS employees and expands Veritiv's specialty packaging, design-to-delivery and distribution capabilities across North America.
-
- Buyer
- Ageras
- Target
- Shine
- Seller
- Société Générale
- Industry
- Payments & Fintech
- Location
- Île-de-France, France
- Type
- Divestiture
Danish fintech Ageras has completed its acquisition of French business banking platform Shine from Société Générale after receiving final approval from the French regulator ACPR. The deal gives Ageras a payment institution license and expands its footprint in France, enabling plans to integrate Shine's banking capabilities into Ageras' pan‑European offering.
-
- Buyer
- Schellman & Company, LLC
- Target
- Connor Consulting TPRM practice
- Seller
- Connor Consulting
- Industry
- Cybersecurity
- Location
- California, United States
- Type
- Divestiture
Schellman & Company, LLC has acquired the Third-Party Risk Management (TPRM) practice carved out from Connor Consulting. The deal transfers select personnel and TPRM capabilities to Schellman to strengthen its cybersecurity, governance, risk, and compliance offerings and expand its third-party risk management services.
-
- Buyer
- Gerresheimer
- Target
- Blitz LuxCo Sarl (Bormioli Pharma Group)
- Seller
- Funds advised by Triton, Co-investors
- Industry
- Packaging
- Location
- Luxembourg
- Type
- Divestiture
Gerresheimer has acquired Blitz LuxCo Sarl, the holding company of the Bormioli Pharma Group, from funds advised by Triton and co-investors. Bormioli is a leading producer of pharmaceutical primary packaging (glass and plastic), with ~1,400 employees and ~EUR 370 million sales in 2023; the acquisition expands Gerresheimer's pharma packaging capabilities and product portfolio.
-
December 11, 2024
- Buyer
- Ezee Fiber
- Target
- Conterra Networks (New Mexico fiber assets)
- Seller
- Conterra Networks
- Industry
- Telecommunications
- Location
- North Carolina, United States
- Type
- Divestiture
Houston-based Ezee Fiber acquired Conterra Networks’ New Mexico fiber assets, adding 128 miles of installed fiber across Santa Fe, Rio Rancho and Los Lunas. Terms were not disclosed; Ezee Fiber said the deal will accelerate its FTTH deployment and broader New Mexico expansion as part of a multi-state growth plan.
-
December 10, 2024
- Buyer
- EQS Group
- Target
- Convercent by OneTrust
- Seller
- OneTrust
- Industry
- Cloud & SaaS
- Location
- Colorado, United States
- Type
- Divestiture
EQS Group has acquired the ethics and compliance business division from OneTrust, including the Convercent platform. The acquisition adds Convercent’s ethics, whistleblowing, policy management and analytics capabilities and retains the employees supporting the solution—strengthening EQS’s compliance software footprint, particularly in the United States.
-
December 10, 2024
- Buyer
- Cart.com
- Target
- OceanX
- Seller
- Guthy‑Renker
- Industry
- Logistics & Distribution
- Location
- California, United States
- Type
- Divestiture
Cart.com has acquired OceanX, the wholly-owned fulfillment operations arm of Guthy‑Renker, adding approximately 200 employees and two facilities (over 600,000 sq ft) to its network. The deal deepens Cart.com’s tech-enabled logistics and fulfillment capabilities for beauty, health and wellness brands and brings Bill Guthy on as a strategic advisor.
-
December 9, 2024
- Buyer
- Macquarie Asset Management, Macquarie Infrastructure Partners VI (MIP VI)
- Target
- Select U.S. Gulf Coast infrastructure assets of Dow Inc.
- Seller
- Dow Inc.
- Industry
- Infrastructure
- Location
- Michigan, United States
- Type
- Divestiture
A fund managed by Macquarie Asset Management agreed to acquire a 40% minority equity stake (with an option to increase to 49%) in select U.S. Gulf Coast infrastructure assets of Dow Inc., forming a new joint-venture platform called Diamond Infrastructure Solutions. The assets—site utilities, power and steam production, pipelines, environmental operations and storage—span five Dow sites in Texas and Louisiana; the transaction provides Dow with cash proceeds (approximately $2.4bn initially, up to ~$3.0bn if Macquarie increases to 49%) and creates a specialist infrastructure operator to serve Dow and third-party industrial customers.
-
December 9, 2024
- Buyer
- Vaisala Corporation
- Target
- WeatherDesk (Maxar Intelligence business)
- Seller
- Maxar Intelligence
- Industry
- Data & Analytics
- Location
- United States
- Type
- Divestiture
Vaisala Corporation has acquired the WeatherDesk business assets from US-based Maxar Intelligence for USD 70 million to accelerate growth of its Xweather unit and expand AI-led weather forecasting capabilities. The deal, financed mainly with interest-bearing debt, transfers 34 professionals to Vaisala; WeatherDesk reported USD 13 million in recurring net sales in 2023.
-
December 9, 2024
- Buyer
- Mason Capital Management LLC, IES Holdings, Inc., Nut Tree Capital Management, LP, 683 Capital Management, LLC, First Pacific Advisors
- Target
- CB&I
- Seller
- McDermott International, Ltd
- Industry
- Infrastructure
- Location
- Texas, United States
- Type
- Divestiture
A consortium of financial investors led by Mason Capital Management has completed the all-cash acquisition of CB&I, the storage facilities, tanks and terminals business formerly owned by McDermott. McDermott will receive $475 million of proceeds before taxes and transaction expenses; CB&I will operate as a standalone company with no funded debt and a mandate to pursue growth in energy and industrial storage markets.
-
December 5, 2024
- Buyer
- Firecrown
- Target
- Active Interest Media's Marine Group
- Seller
- Active Interest Media
- Industry
- Media & Entertainment
- Location
- Iowa, United States
- Type
- Divestiture
Chattanooga-based media platform Firecrown has acquired Active Interest Media's Marine Group, including consumer titles such as Sail, Anglers Journal, Power & Motoryacht and Yachts International. Firecrown said it will retain the group's editorial, sales and publishing staff and plans to invest in the next generation of the marine brands as it expands its affluent enthusiast media portfolio.
-
- Buyer
- CuraLinc Healthcare, Lightyear Capital
- Target
- Wellspring EAP
- Seller
- Wellspring Family Services
- Industry
- Healthcare Services
- Location
- Washington, United States
- Type
- Divestiture
CuraLinc Healthcare has acquired the Employee Assistance Program (EAP) business from Seattle-based nonprofit Wellspring Family Services, with support from CuraLinc’s primary investor Lightyear Capital. The transaction transfers Wellspring’s EAP clients and services to CuraLinc to expand the company’s mental health and wellbeing offerings and ensure continuity of care for employer clients in the Pacific Northwest and nationwide.
-
December 4, 2024
- Buyer
- Pacific Avenue Capital Partners
- Target
- TEC Specialty Products (North American Flooring Business of H.B. Fuller)
- Seller
- H.B. Fuller Company
- Industry
- Building Products
- Location
- Illinois, United States
- Type
- Divestiture
Pacific Avenue Capital Partners has completed the acquisition of H.B. Fuller’s North American Flooring Business, which will operate as TEC Specialty Products. Headquartered in Aurora, Illinois, TEC manufactures flooring repair and installation products (adhesives, grouts, mortars and moisture mitigation systems) across six manufacturing facilities and three warehouses and will be positioned for growth under Pacific Avenue’s stewardship following the carve-out.
-
- Buyer
- DSD Business Systems
- Target
- IN-SYNCH (integration platform)
- Seller
- ROI, Inc.
- Industry
- Software
- Location
- Nebraska, United States
- Type
- Divestiture
DSD Business Systems acquired the IN-SYNCH integration platform from ROI, Inc., adding the product as a distinct division within its DSD Technology business unit. The deal brings IN-SYNCH's Sage 100 connectivity and developer tools under DSD's ownership to expand its ERP integration capabilities and ensure continuity for existing customers.
-
December 3, 2024
- Buyer
- Capitolis
- Target
- Capitalab
- Seller
- BGC Group, Inc.
- Industry
- Financial Services
- Location
- England, United Kingdom
- Type
- Divestiture
Capitolis has acquired Capitalab, BGC Group’s rates portfolio compression and margin optimization business, for $46 million. The purchase expands Capitolis’s compression and optimization capabilities and brings Capitalab founder Gavin Jackson onto the Capitolis executive team.
-
December 2, 2024
- Buyer
- Ctrack Holdings, Convergence Partners
- Target
- Inseego global telematics business
- Seller
- Inseego Corp.
- Industry
- Telecommunications
- Location
- California, United States
- Type
- Divestiture
Inseego Corp. completed the sale of its global telematics business to Ctrack Holdings, a portfolio company of Convergence Partners, for $52 million in cash. The divestiture lets Inseego focus on its core 5G business and repay debt, while Ctrack expands its telematics capabilities and geographic footprint across the UK, EU, Australia and New Zealand.
-
December 2, 2024
- Buyer
- Ampersand Capital Partners
- Target
- Gannet BioChem
- Seller
- Nektar Therapeutics
- Industry
- Biotechnology
- Location
- Alabama, United States
- Type
- Divestiture
Ampersand Capital Partners has completed the acquisition of Nektar Therapeutics' PEGylation reagent manufacturing business and launched the new Ampersand portfolio company, Gannet BioChem, operating from a 124,000 sq. ft. FDA‑inspected facility in Huntsville, Alabama. The transaction represents a divestiture by Nektar and creates an independent specialty CDMO focused on development, scaling, and GMP production of polyethylene glycol (PEG) reagents for clinical and commercial biopharmaceutical customers.
-
- Buyer
- Arkema
- Target
- Dow's flexible packaging laminating adhesives business
- Seller
- Dow
- Industry
- Packaging
- Location
- Michigan, United States
- Type
- Divestiture
Arkema finalized the acquisition on December 2, 2024 of Dow's flexible packaging laminating adhesives business for an enterprise value of US$150 million. The business (around US$250 million in annual sales, ~280 employees, five production sites across Italy, the United States and Mexico) will be integrated into Arkema's adhesive platform (Bostik) to expand its flexible packaging product offering and capture cost and development synergies.
-
December 2, 2024
- Buyer
- Aon plc
- Target
- Mitsubishi Chemical Group (MCG) in-house insurance agency business (operating as part of Dia Rix)
- Seller
- Mitsubishi Chemical Group (MCG)
- Industry
- Insurance
- Location
- Japan
- Type
- Divestiture
Aon plc has signed a definitive agreement to acquire the in-house insurance agency business of Mitsubishi Chemical Group (MCG) in Japan. The business, which operates as part of Dia Rix, provides corporate and personal lines insurance to MCG group companies and employees. The transaction is expected to close in early 2025, after which the team will transition to Aon’s brand and operating model.
-
December 2, 2024
- Buyer
- PDI Technologies
- Target
- Comdata Merchant Solutions
- Seller
- Corpay Inc.
- Industry
- Software
- Location
- Tennessee, United States
- Type
- Divestiture
PDI Technologies has acquired the Comdata Merchant Solutions business from Corpay Inc., taking ownership of the POS hardware, software and site-level systems that serve truck stops and unattended commercial fueling locations. Corpay (Comdata) will retain its fuel card and merchant acceptance network, while PDI will become an approved provider of Comdata transactions and invest in expanding the POS capabilities.
-
- Buyer
- Summa Equity, NG Group
- Target
- Fortum Recycling & Waste
- Seller
- Fortum Corporation
- Industry
- Environmental Services
- Location
- Finland
- Type
- Divestiture
Summa Equity, through its portfolio company NG Group, has completed the acquisition of Fortum Recycling & Waste from Fortum Corporation for approximately EUR 800 million on a debt- and cash-free basis. The deal combines Fortum's recycling and waste business (≈900 employees) with NG Group to create a Nordic circular-economy leader with combined revenues of about EUR 1.2 billion, ~3,500 employees and expanded hazardous-waste and recycling capabilities.
-
November 29, 2024
- Buyer
- Atlas Tapes S.A.
- Target
- PPM Industries S.p.A.
- Seller
- AUCTUS
- Industry
- Packaging
- Location
- Lombardy, Italy
- Type
- Divestiture
Atlas Tapes S.A. has acquired PPM Industries S.p.A., an Italian manufacturer of masking and specialty adhesive tapes, from private equity firm AUCTUS following a roughly three-year investment period. PPM, headquartered in Brembate di Sopra, Italy, generated over €100 million in revenue and operates production sites in Italy, the UK and India; Atlas Tapes (Athens) will integrate PPM to expand its international scale and product offering.
-
November 29, 2024
- Buyer
- Tŷ Nant
- Target
- Fonthill Water, Decantae Mineral Water
- Seller
- Primo Water, Primo Brands
- Industry
- Food & Beverage
- Location
- United Kingdom
- Type
- Divestiture
Wales-based Tŷ Nant has acquired two bottled-water brands — Fonthill Water and Decantae Mineral Water — from US-based Primo Water (now part of Primo Brands). The deal (terms undisclosed) expands Tŷ Nant’s premium product range, adds new packaging formats (including 15L coolers and small plastic cuplets) and broadens its UK and European market reach.
-
November 28, 2024
- Buyer
- Sixth Street, Achmea
- Target
- Lifetri
- Industry
- Financial Services
- Location
- Utrecht, Netherlands
- Type
- Divestiture
Achmea and Sixth Street are combining pension and life portfolios into a joint venture, Achmea Pension & Life Insurance N.V., with Achmea owning 80% and Sixth Street taking a 20% stake. Sixth Street will contribute Lifetri to the JV and pay €445 million to Achmea, creating a top-three Dutch pension and life provider serving over 2.1 million customers and targeting growth in the pension buy-out market.
-
November 27, 2024
- Buyer
- Apse Capital Limited, J.P. Morgan Asset Management
- Target
- TerraQuest, Kallidus, Ultima Business Solutions
- Seller
- Apse Capital Bridge Fund
- Industry
- Software
- Location
- United Kingdom
- Type
- Divestiture
Apse Capital closed a €350 million continuation fund led by J.P. Morgan Asset Management to acquire three existing portfolio companies — TerraQuest, Kallidus and Ultima Business Solutions — from the Apse Capital Bridge Fund. The vehicle will provide follow-on capital to support organic growth and strategic M&A activity across the businesses; Piper Sandler (Aviditi Advisors) and legal advisers Weil and DLA Piper served on the transaction.
-
November 27, 2024
- Buyer
- Lemmons Family Vineyards LLC, Darcie Kent Winery LLC
- Target
- Concannon Vineyard
- Seller
- The Wine Group LLC
- Industry
- Food & Beverage
- Location
- California, United States
- Type
- Divestiture
Livermore winegrowers Lemmons Family Vineyards LLC and Darcie Kent Winery LLC have acquired historic Concannon Vineyard, a 230‑acre estate winery, from The Wine Group LLC. The Wine Group said the sale aligns with its portfolio strategy, while the buyers plan to restore historic varietals, return to organic farming practices, and repurpose estate facilities to expand winemaking, hospitality and custom crush capacity.
-
November 26, 2024
- Buyer
- GCM Grosvenor, Bluejay Capital Partners, LLC
- Target
- Mobil Grain Ltd.
- Seller
- AGT Food and Ingredients Inc.
- Industry
- Transportation
- Location
- Saskatchewan, Canada
- Type
- Divestiture
GCM Grosvenor, with co-investor Bluejay Capital Partners, has agreed to acquire Mobil Grain Ltd. and its operating subsidiaries from AGT Food and Ingredients Inc. The sale includes short-line rail operations, a port terminal in Thunder Bay and intermodal assets in Regina; financial terms were not disclosed and the transaction is expected to close in late 2024 or early 2025 subject to regulatory approvals.
-
November 25, 2024
- Buyer
- Regnology, Nordic Capital
- Target
- AGILE (VERMEG's regulatory reporting division)
- Seller
- VERMEG
- Industry
- Software
- Location
- Netherlands
- Type
- Divestiture
Regnology has acquired VERMEG's regulatory reporting division, AGILE, and will integrate the solution into the Regnology Platform to expand its regulatory reporting capabilities and international footprint. The deal transfers AGILE’s suite—used by 150+ banks globally—into Regnology’s cloud-native offering, while VERMEG refocuses on collateral management and insurance solutions.
-
November 25, 2024
- Buyer
- KANA Private Wealth Group
- Target
- The Foley Group (financial planning and advisory business)
- Seller
- The Foley Group, Thom J. Foley
- Industry
- Accounting & Tax
- Location
- Virginia, United States
- Type
- Divestiture
KANA Private Wealth Group, a Tampa-based boutique wealth management firm, has acquired the financial planning and advisory business of The Foley Group in Fairfax, Virginia. The deal facilitates the retirement/exit of Thom J. Foley and strengthens KANA's presence in the northern Virginia/Washington, D.C. market while ensuring continuity of services for The Foley Group's clients.
Full Export
Purchase this data
Get the full acquisitions list for this page as CSV + XLSX.
Build a buyer list for your deal
Turn recent acquisition activity into a targeted buyer workflow.