Divestitures in 2025

  • Buyer
    Hive Holdings Inc.
    Target
    FLUENT Corporation Pennsylvania dispensary operations (Hanover, Mechanicsburg, Annville)
    Seller
    FLUENT Corporation

    Hive Holdings Inc. acquired FLUENT Corporation’s Pennsylvania dispensary operations (three retail locations in Hanover, Mechanicsburg and Annville) for $12.5 million in cash in a transaction effective December 31, 2025. FLUENT said the divestiture was intended to strengthen its balance sheet, reduce leverage and sharpen strategic focus after federal rescheduling of marijuana; Hive will operate the acquired Pennsylvania retail locations going forward.

  • Buyer
    Linamar Corporation
    Target
    Leipzig casting facility (Georg Fischer)
    Seller
    Georg Fischer Ltd.
    Industry
    Manufacturing
    Location
    Saxony, Germany

    Linamar Corporation completed its acquisition of Georg Fischer's Leipzig ductile iron casting facility for €45 million, a deal first announced on October 7, 2025. The Leipzig plant adds advanced casting, prototyping and machining capabilities to Linamar's manufacturing footprint in Europe and is expected to be immediately accretive.

  • Buyer
    PureStar, Cornell Capital
    Target
    Emerald Textiles
    Seller
    Pacific Avenue Capital Partners

    PureStar has acquired Emerald Textiles from Pacific Avenue Capital Partners, closing on December 30, 2025. The deal combines PureStar's hospitality laundry platform with Emerald's West Coast healthcare linen operations, creating a scaled, diversified commercial laundry provider backed by Cornell Capital.

  • Buyer
    Generosity Lending Services, LLC
    Target
    FinBe USA (Bepensa Capital Inc. U.S. business)
    Seller
    Bepensa Capital, S.A. de C.V., Bepensa Capital Inc.

    Bepensa Capital completed the sale of its U.S. lending business, FinBe USA (the U.S. operations of Bepensa Capital Inc.), to Generosity Lending Services, LLC, exiting the U.S. market to refocus resources on Mexico. The U.S. business — which operated across 32 states and is headquartered in Fort Lauderdale, Florida — will continue operations and maintain employee status; Scot Seagrave will remain/continue as Managing Director overseeing day-to-day operations.

  • Buyer
    Union Pacific Railroad (UP)
    Target
    Union Pacific Railroad (UP)
    Industry
    Transportation
    Location
    United States

    BNSF CEO Katie Farmer issued a statement opposing Union Pacific’s (UP) proposed merger, citing long-term competitive harms and risks of service failures. The statement responds to UP’s merger application filing with the U.S. Surface Transportation Board (STB) and says BNSF plans to continue seeking benefits through partnership and collaboration rather than the proposed merger.

  • Buyer
    TPG, Caisse de de9pf4t et placement du Que9bec (La Caisse), Pike management
    Target
    Pike Corporation
    Seller
    Lindsay Goldberg
    Industry
    Infrastructure

    Lindsay Goldberg has completed the sale of its interest in Pike Corporation following a 25-year partnership. The transaction transfers a majority stake to TPG and Caisse de dépôt et placement du Québec (La Caisse), alongside Pike management, positioning Pike for accelerated growth in U.S. electric-grid, renewables and telecom infrastructure services.

  • Buyer
    itSynergy
    Target
    Itegria (Comply's Itegria business)
    Seller
    Comply
    Industry
    IT Services
    Location
    United States

    itSynergy, a Phoenix-based managed IT and cybersecurity provider for Registered Investment Advisers (RIAs), has acquired the Itegria line of business from Comply. Approximately 70 clients will transition to itSynergy as the firm assumes responsibility for IT and cybersecurity services previously delivered through Itegria, enabling Comply to focus on its compliance technology platform.

  • Buyer
    Halco Lighting Technologies
    Target
    Topaz Lighting (Permanent Lighting portfolio)
    Seller
    Southwire Company

    Halco Lighting Technologies has acquired the permanent lighting portfolio of Topaz Lighting from Southwire, with Southwire retaining Topaz's components and temporary lighting businesses. Southwire's customer letter cites December 18, 2025 as the handoff date while Halco's announcement describes the transaction as a forthcoming event; the deal expands Halco's commercial and industrial fixture lineup (troffers, high bays, wall packs, exit/emergency, retrofit trims and vapor-tight fixtures).

  • Buyer
    Revelar Capital
    Target
    Lettermen's Energy Holdings, LLC
    Seller
    CID Capital
    Industry
    Energy

    Revelar Capital has acquired Lettermen's Energy Holdings, LLC from Indianapolis-based private equity firm CID Capital. Lettermen's, a Kansas City-headquartered consolidator of independent propane distributors with operations in roughly 20 states and about 240 employees, was built by CID through a buy-and-build strategy and will enter its next growth phase under Revelar's ownership; terms were not disclosed.

  • Buyer
    Trinchero Family Wine and Spirits
    Target
    Mumm Sparkling California, Mumm Napa, DVX, Mumm sparkling wines activities in the United States (excluding G.H. Mumm Champagne and other international activities)
    Seller
    Pernod Ricard
    Industry
    Food & Beverage
    Location
    United States

    Pernod Ricard and Trinchero Family Wine and Spirits signed a definitive agreement for Trinchero to take over the U.S. sparkling wines activities covering Mumm Sparkling California, Mumm Napa and DVX. The transaction excludes assets related to the G.H. Mumm Champagne brand and other international Mumm sparkling wines activities, and is expected to close in Spring 2026 subject to customary conditions.

  • Target
    Ontraport
    Seller
    Boathouse Capital
    Industry
    Software

    Boathouse Capital announced it has realized (exited) its investment in Ontraport, a marketing automation, sales, and CRM software provider for small and medium businesses. Boathouse partnered with Ontraport founder and CEO Landon Ray during a period of growth and profitability; the firm said the exit represents a successful realization from its third fund.

  • Buyer
    Brean Capital, LLC
    Target
    Janney Montgomery Scott LLC (Depository & Insurance Investment Banking, Equity Research, and Institutional Equity Sales businesses)
    Seller
    Janney Montgomery Scott LLC

    Brean Capital entered into a definitive agreement to acquire Janney Montgomery Scott’s Depository & Insurance investment banking, equity research, and institutional equity sales businesses. The deal will bring approximately 50 bankers, research analysts, and institutional sales professionals to Brean Capital, expanding its financial institutions advisory franchise across multiple U.S. hubs.

  • Buyer
    Central Garden & Pet
    Target
    Champion USA
    Seller
    Champion USA
    Industry
    Agriculture

    Central Garden & Pet (NASDAQ: CENT) has acquired the U.S. assets of Champion USA, adding the JustiFLY line of feed-through, EPA-approved cattle fly-control products to its portfolio. The deal brings Champion USA's St. Joseph, Missouri manufacturing and employees into Central's Professional business unit to expand its sustainable livestock fly-control offerings and nationwide distribution.

  • Buyer
    Public market investors
    Target
    Kodiak Gas Services
    Seller
    EQT Infrastructure III, EQT Infrastructure IV, EQT
    Industry
    Oil & Gas

    EQT Infrastructure III and IV have fully exited their investment in Kodiak Gas Services (NYSE: KGS), following Kodiak's 2023 IPO and a 30-month series of sell-downs. Kodiak, headquartered in Houston, Texas, is a leading provider of natural gas contract compression services in North America; under EQT's ownership the business grew revenue and EBITDA more than 8x and expanded headcount to just over 1,300 employees.

  • Buyer
    L'Oréal S.A.
    Target
    Galderma Group AG
    Seller
    EQT VIII (affiliate)
    Location
    Switzerland

    An affiliate of EQT VIII has signed an agreement to sell approximately 24 million shares in Galderma Group AG to L'Oréal S.A. The transaction is subject to customary regulatory approvals, and the premium was not disclosed.

  • Buyer
    Waverly Advisors, LLC
    Target
    Promus Holdings, LLC
    Seller
    Promus Holdings, LLC

    Waverly Advisors has acquired certain business lines from Chicago-based Promus Holdings, adding approximately $3.1 billion of AUM and expanding Waverly's private equity, real estate, and multi-family office capabilities. The deal closed November 14, 2025; financial and legal terms were not disclosed, and Waverly formed a new subsidiary, Promus Capital Management, to operate the acquired strategies.

  • Buyer
    EPIC Insurance Brokers & Consultants, Interstate Motor Carriers Agency, Inc.
    Target
    Sentry Transportation's direct writing operation (Sentry Insurance)
    Seller
    Sentry Insurance
    Industry
    Insurance

    EPIC Insurance Brokers & Consultants has acquired Sentry Transportation's direct writing operation, a carve-out from Sentry Insurance that brings more than 500 transportation clients and the associated team. The acquired operation and team will join EPIC's Interstate Motor Carriers business, strengthening EPIC's national Transportation & Logistics practice and trucking insurance capabilities.

  • Buyer
    Regnology
    Target
    Wolters Kluwer Finance, Risk and Regulatory Reporting business (OneSumX)
    Seller
    Wolters Kluwer
    Industry
    Cloud & SaaS
    Location
    Netherlands

    Regnology has completed the acquisition of Wolters Kluwer’s Finance, Risk and Regulatory Reporting (FRR) business, including the OneSumX for Finance and OneSumX for Risk solutions. The deal expands Regnology’s cloud-native, AI-driven regulatory technology capabilities and brings FRR employees and products into Regnology’s global SaaS portfolio while Wolters Kluwer completes the divestment of the unit.

  • Buyer
    Paradigm Health, Inc.
    Target
    Flatiron Health's Clinical Research Business
    Seller
    Flatiron Health

    Paradigm Health has acquired Flatiron Health’s Clinical Research Business and entered a multi-year strategic partnership to integrate Flatiron’s research network and solutions with Paradigm’s AI-powered trial platform. The deal expands Paradigm’s oncology research network to include more academic medical centers and nearly 100 community oncology practices, increasing access to clinical trials across the United States; terms were not disclosed.

  • Buyer
    EnergyHub, Alarm.com
    Target
    Resideo Grid Services
    Seller
    Resideo Technologies, Inc.
    Industry
    Energy

    EnergyHub (an Alarm.com subsidiary) has acquired Resideo Technologies’ Grid Services demand response business, which will be integrated into EnergyHub’s Edge DERMS and VPP capabilities. Resideo divested the unit to focus on its core residential sensing and controls business; financial terms were not disclosed.

  • Buyer
    Hoover Treated Wood Products, Inc.
    Target
    Arconic Architectural Products, LLC
    Seller
    Arconic Corporation

    Hoover Treated Wood Products, Inc. has acquired Arconic Architectural Products, LLC and will operate the Eastman, Georgia facility under a new division, Hoover Architectural Solutions, marking Hoover's entry into exterior aluminum cladding and signage. The acquisition transfers the Eastman manufacturing operations to Hoover and expands its building-products portfolio to include aluminum composite material (ACM) panel lines such as Reynobond FR and PE.

  • Buyer
    HR Path
    Target
    Blueprint HR Software
    Seller
    Blueprint Technologies
    Industry
    Software
    Location
    Karnataka, India

    HR Path has acquired Blueprint HR Software, the HR technology subsidiary of India-based Blueprint Technologies, in a divestiture that expands HR Path’s presence and capabilities across India, the Middle East and APAC. The deal adds expertise in SAP SuccessFactors, Concur and UKG to HR Path’s HRIS offerings while Blueprint Technologies will continue to operate independently and focus on its core ERP services.

  • Buyer
    Franchise Equity Partners (FEP)
    Target
    IMO Car Wash
    Seller
    Driven Brands (Driven Brands Holdings Inc.)
    Industry
    Transportation
    Location
    United Kingdom

    Franchise Equity Partners (FEP) acquired IMO Car Wash, the largest tunnel car wash operator in the world, from Driven Brands. The transaction covers IMO’s full portfolio of 720 locations, primarily in the United Kingdom and Germany, with additional sites across nine other European countries and Australia.

  • Buyer
    Areas USA
    Target
    Travel Hospitality Services (THS)
    Seller
    Delaware North

    Areas has completed the acquisition of Delaware North’s Travel Hospitality Services (THS), adding 237 outlets across 22 U.S. airports and more than 4,000 team members. The deal (a divestiture of a Delaware North business unit to Areas USA) expands Areas’ U.S. footprint and scale in travel food & retail, with THS generating over $500 million in annual revenue and significantly increasing Areas USA’s locations and workforce.

  • Buyer
    Easy Ice
    Target
    Kirby Restaurant and Chemical Supply (ice machine subscription and service division)
    Seller
    Kirby Restaurant and Chemical Supply

    Easy Ice has acquired the ice machine subscription and service division of Kirby Restaurant and Chemical Supply, effective December 1, 2025. The deal transfers all ice-machine-related operations in East Texas to Easy Ice (equipment is primarily Manitowoc), while Kirby will continue operating its remaining business lines; the acquisition strengthens Easy Ice's density in the East Texas market.

  • Buyer
    Richardson International Limited
    Target
    8th Avenue Food & Provisions (pasta business; Ronzoni brand)
    Seller
    Post Holdings, Inc.
    Industry
    Food & Beverage

    Richardson International Limited has completed the acquisition of the pasta business of 8th Avenue Food & Provisions, including a durum mill, three pasta manufacturing facilities (Carrington, ND; New Hope, MN; Winchester, VA) and the Ronzoni brand. The business was sold by Post Holdings/8th Avenue and transfers more than 500 US employees to Richardson, strengthening Richardson's vertically integrated durum-to-pasta supply chain and expanding its retail, private-label, foodservice and ingredient capabilities in North America.

  • Buyer
    Suno
    Target
    Songkick
    Seller
    Warner Music Group
    Location
    United Kingdom

    Suno, an AI music platform, has acquired Songkick, the live-music discovery service, from Warner Music Group as part of a strategic partnership that also includes licensed AI music models. The deal connects Suno's generative music tools with Songkick's concert and event discovery ecosystem to create new fan experiences and revenue opportunities for artists.

  • Buyer
    CQ Medical
    Target
    Bionix Radiation Therapy business unit
    Seller
    Bionix
    Industry
    Medical Devices

    CQ Medical has acquired the Radiation Therapy business unit from Bionix, expanding CQ Medical’s patient positioning and radiotherapy marking product portfolio. The deal transfers Bionix’s radiation therapy product lines and commercial team to CQ Medical while Bionix retains its Ambulatory Care business based in Maumee, Ohio.

  • Buyer
    Undisclosed UK private company
    Target
    DPP
    Seller
    Maven, Maven VCTs, Maven Investor Partners
    Location
    England, United Kingdom

    Maven has exited its investment in DPP, a Southampton-based mechanical and electrical (M&E) maintenance contractor, selling the business to an undisclosed UK private company. The sale generated a reported return of between 2.1x and 2.5x cost for Maven client funds; DPP has over 180 employees and c.£19m turnover, serving large hospitality and retail clients via recurring maintenance contracts and project work.

  • Buyer
    McAfee
    Target
    MineOS (consumer privacy division)
    Seller
    MineOS
    Industry
    Cybersecurity

    McAfee has completed the acquisition of MineOS's consumer privacy division. MineOS will divest its consumer product to focus fully on enterprise privacy, risk management, and AI governance, reinvesting proceeds to accelerate its enterprise platform development.

  • Buyer
    Smith Ventures LLC, CommerceOne Financial Corporation
    Target
    Green Dot Corporation, Green Dot Bank

    Green Dot Corporation has entered into agreements to be split and acquired in two parts: Smith Ventures will acquire and privatize Green Dot’s non-bank fintech technology business, while CommerceOne will acquire Green Dot Bank and form a new publicly traded bank holding company. The transactions are expected to close in the second quarter of 2026 and are subject to shareholder and regulatory approvals.

  • Buyer
    Kingdom of Threads, Marie Criddle
    Target
    Storymakers Trading Co.
    Seller
    Tomi Ann Hill, Storymakers Trading Co.

    Kingdom of Threads has acquired the TTRPG (tabletop role-playing game) merchandise line from Storymakers Trading Co., expanding its product catalog beyond bookish merchandise into gaming-themed pins, stickers, washi tapes, and greeting cards. The Storymakers brand name will continue under new owner Marie Criddle, who will focus on the fantasy-style state map collection; founder Tomi Ann Hill has transitioned the TTRPG product line to Kingdom of Threads so she can move into a new chapter.

  • Buyer
    Ardian, Groupe Burrus, Ontario Teachers' Pension Plan Board, Bpifrance, Mubadala Investment Company, Diot-Siaci Management
    Target
    Diot-Siaci Group
    Seller
    Cathay Capital
    Industry
    Insurance
    Location
    Île-de-France, France

    Cathay Capital has completed the sale of its approximately 5% minority stake in the Diot-Siaci Group, closing the ownership restructuring that was announced earlier in 2025. The buyer for Cathay's stake was not disclosed in the announcement; the group's shareholder base includes the Burrus Group and management as majority holders and institutional investors such as Ontario Teachers', Bpifrance and Mubadala, with Ardian named as a lead investor in the broader ownership reorganisation.

  • Buyer
    OTR Solutions
    Target
    TruckSmarter
    Seller
    TruckSmarter

    OTR Solutions has acquired TruckSmarter’s factoring and business banking division, assuming all factoring and banking operations and onboarding TruckSmarter’s factoring clients. The deal lets TruckSmarter focus on its AI-driven dispatching and load board technology while expanding OTR’s freight finance and banking capabilities for carriers nationwide.

  • Buyer
    PCMI
    Target
    StoneEagle Enterprise Solutions Business Unit
    Seller
    StoneEagle
    Industry
    Software

    PCMI has acquired the Enterprise Solutions Business Unit of StoneEagle, adding administration software systems for contract and claims management to its F&I platform. The deal, following PCMI's investment by Thoma Bravo, is intended to strengthen PCMI's capabilities in the automotive finance & insurance administration space; StoneEagle’s Retail Business Unit will continue to operate independently.

  • Buyer
    Azurity Pharmaceuticals
    Target
    Sebela Pharmaceuticals' Bowel Prep Franchise
    Seller
    Sebela Pharmaceuticals
    Industry
    Pharmaceuticals

    Azurity Pharmaceuticals has acquired Sebela Pharmaceuticals' bowel preparation franchise, including two leading bowel prep therapies used for colonoscopies. The deal transfers Sebela's commercial team (more than 50 colleagues) and is intended to strengthen Azurity's gastroenterology product portfolio and U.S. market presence.

  • Buyer
    Liberty Latin America Ltd, Millicom International Cellular S.A.
    Target
    Costa Rica telecommunications operations of Liberty Latin America, Costa Rica telecommunications operations of Millicom
    Location
    Costa Rica

    Liberty Latin America and Millicom announced that Costa Rica’s telecommunications regulator (SUTEL) issued a final resolution not to approve their proposed transaction to combine their respective operations in Costa Rica. The companies said they believe the combination would have increased technology investment and accelerated next-generation network expansion, and they are working on next steps under the existing combination agreement.

  • Buyer
    GreatWater 360 Auto Care
    Target
    Complete Auto Body & Repair (mechanical repair division)
    Seller
    Complete Auto Body & Repair, Kurt Barks
    Industry
    Automotive

    GreatWater 360 Auto Care has entered the Missouri market by acquiring the three-location mechanical repair division of Complete Auto Body & Repair, expanding its national footprint to nine states and bringing its network closer to 150 locations. The deal covers only the mechanical repair operations (collision repair and towing remain independently owned) and preserves local leadership, branding, and staff while granting the shops access to GreatWater's training, operational support, and teammate benefits.

  • Buyer
    HEICO Corporation
    Target
    Axillon Aerospace Fuel Containment business
    Seller
    Axillon Aerospace

    Axillon Aerospace has signed a definitive agreement to sell its Fuel Containment business to HEICO Corporation. The fuel containment unit, based in Rockmart, Georgia, employs approximately 530 people and provides specialized solutions for fixed- and rotary-wing aircraft. The transaction is subject to customary regulatory approvals and is expected to close in the first quarter of 2026.

  • Buyer
    Provana
    Target
    Neostella (staffing and talent business)
    Seller
    Neostella

    Provana has acquired Neostella's staffing and talent business, including team members in Colombia and the United States, to expand its global delivery and nearshore capabilities. Neostella will focus exclusively on its legal technology and SaaS offerings while the two companies continue to collaborate on client engagements.

  • Buyer
    Enghouse Systems Limited
    Target
    Sixbell Telco (division of Sixbell)
    Seller
    Sixbell
    Location
    Santiago Metropolitan Region, Chile

    Enghouse Systems Limited has acquired the telecommunications division (“Sixbell Telco”) of Chile-based Sixbell, strengthening Enghouse’s OSS/BSS and network transformation capabilities and expanding its presence in Latin America. The customer experience (CX) division of Sixbell is excluded from the transaction and will remain independent.

  • Buyer
    Enghouse Systems Limited
    Target
    Sixbell Telco (Sixbell's Telecommunications Division)
    Seller
    Sixbell
    Location
    Santiago Metropolitan Region, Chile

    Enghouse Systems Limited acquired the telecommunications division ("Sixbell Telco") of Sixbell, a Santiago-headquartered provider of OSS/BSS and network transformation software for Latin American operators. The deal transfers Sixbell's telecom customers, partners and employees to Enghouse and is intended to expand Enghouse's capabilities and presence in the Latin American telecom market.

  • Buyer
    Imaginuity (via subsidiary)
    Target
    Adwerx (platform assets)
    Seller
    Adwerx

    An Imaginuity subsidiary has acquired the Adwerx digital advertising automation platform and supporting team (≈40 employees) from Adwerx. The platform — used by more than 12,000 users across real estate, mortgage and distributed organizations — will be integrated with Imaginuity’s Pylot CMS and AdScience performance intelligence engine to expand product-led growth and always-on, personalized ad automation for franchise and multi-location clients.

  • Buyer
    Coast Counties Truck & Equipment Co., The Jim Pattison Group
    Target
    Golden State Peterbilt
    Seller
    Golden State Peterbilt
    Industry
    Automotive

    Coast Counties Truck & Equipment Co., part of The Jim Pattison Group, has acquired the business assets of Golden State Peterbilt to expand its presence and service capabilities across Central and Northern California. The deal transfers Golden State Peterbilt locations, employees, customers, and operations into Coast Counties, strengthening its Peterbilt sales, parts, leasing, and full-service repair footprint in the region.

  • Buyer
    Trinity Life Sciences
    Target
    EVERSANA's APACME advisory services operation
    Seller
    EVERSANA

    Trinity Life Sciences has acquired EVERSANA’s advisory services operation across Asia-Pacific and the Middle East (APACME), bringing regional teams in Singapore, Tokyo, Mumbai, Shanghai, Sydney and Dubai into Trinity’s global footprint. The transaction deepens Trinity’s local life‑sciences commercialization capabilities while EVERSANA will continue to operate its broader commercialization services and maintain a strategic collaboration with Trinity for shared clients.

  • Buyer
    World Kinect Corporation
    Target
    Trip Support Services division of Universal Weather and Aviation
    Seller
    Universal Weather and Aviation, Inc.
    Industry
    Transportation

    World Kinect Corporation (NYSE: WKC) completed the acquisition of the Trip Support Services (TSS) division of Universal Weather and Aviation, expanding its aviation service capabilities and complementing its core fuel business. The transaction is expected to be approximately 7% accretive to adjusted EPS in year one and to deliver about $15 million of annual net cost synergies by the end of year two.

  • Buyer
    Philadelphia Insurance Companies (PHLY)
    Target
    Collector Vehicle Division (Ignyte Insurance), American Collectors Insurance, J.C. Taylor Insurance, Condon Skelly, Heacock Classic
    Seller
    Ignyte Insurance, The Carlyle Group
    Industry
    Insurance

    Philadelphia Insurance Companies (PHLY) has acquired the Collector Vehicle Division from Ignyte Insurance in a transaction valued at $615 million. The deal brings four established brands—American Collectors Insurance, J.C. Taylor Insurance, Condon Skelly, and Heacock Classic—into PHLY, adding more than 250 employees and strengthening PHLY's specialty collector vehicle insurance capabilities while allowing Ignyte (a Carlyle-backed platform) to focus on its direct-to-consumer and embedded insurance strategy.

  • Buyer
    Huron
    Target
    AXIOM Systems (payor consulting services division)
    Seller
    AXIOM Systems

    Huron (NASDAQ: HURN) has acquired the payor consulting services division of AXIOM Systems, adding approximately 40 AXIOM team members to strengthen Huron's payor-focused capabilities and accelerate its digital growth strategy. The division will be integrated into Huron's Healthcare operating segment; terms were not disclosed.

  • Buyer
    Netrix Global
    Target
    Ricoh USA IT Services business (ITS)
    Seller
    Ricoh USA, Inc.
    Industry
    IT Services

    Netrix Global has acquired the U.S.-based IT Services business (ITS) of Ricoh USA, Inc., expanding Netrix's managed services, cloud, infrastructure and collaboration offerings and broadening its geographic reach across the Northeast, Mid-Atlantic and Southeast. The deal brings Ricoh's ITS team and customer base into Netrix's cybersecurity and digital transformation platform and is intended to increase scale, technical specialization, and investment in product and talent.

  • Buyer
    Otto Group
    Target
    Hermes Germany
    Seller
    Advent International
    Location
    Germany

    Advent International has entered into an agreement to sell its minority stake in Hermes Germany, a logistics services provider in Germany, to the Otto Group. The transaction is expected to close by year end and follows Advent’s 2020 investment arrangement in which it acquired a majority stake in Evri and a minority stake in Hermes Germany alongside Otto Group.

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