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Corporate divestitures, February 2025

Completed sales and spin-offs of business units disclosed in SEC 8-K filings during February 2025. Every row links to its filing.

9
Divestitures
7
With a disclosed value
$13bn
Disclosed value
1
Spin-offs
February 2025

Every completed divestiture filed this month.

FiledSellerBusiness soldBuyerDisclosed valueSeller sectorFiling
2025-02-03BAXTER INTERNATIONAL INC (BAX)Vantive Health LLC
What the filing says

"On January 31, 2025 (the " Closing Date "), Baxter International Inc. (the " Company ") completed the previously announced sale of all issued and outstanding equity interests of Vantive Health LLC, a Delaware limited liability company (the " KidneyCo "), Vantive Mexico LLC, a Delaware limited liability company (the " US-Mexico Holdco "), Gambro Renal Products, Inc., a Delaware corporation (the " Gambro Subsidiary "), RTS Worldwide Holdings Inc., a Delaware corporation (the " RTS Holdco " and, together with KidneyCo"

CP Spruce Holdings, S.C.Sp$3.8bnHealthcareSEC 8-K
2025-02-28Endeavor Group Holdings, Inc. (EDR)IMG, On Location and Professional Bull Riders
What the filing says

"TKO COMPLETES ACQUISITION OF SPORTS ASSETS FROM ENDEAVOR IMG, On Location, and PBR embolden TKO's portfolio NEW YORK and BEVERLY HILLS, CA (February 28, 2025) - TKO Group Holdings, Inc. ("TKO") (NYSE: TKO), a premium sports and entertainment company, today announced the close of its acquisition of IMG, On Location, and Professional Bull Riders ("PBR") from Endeavor Group Holdings, Inc. ("Endeavor") (NYSE: EDR)."

TKO Group Holdings, Inc.$3.25bnTelecom and mediaSEC 8-K exhibit
2025-02-05CommScope Holding Company, Inc. (COMM)CommScope Outdoor Wireless Networks and DAS businesses
What the filing says

"On January 31, 2025, (the "Closing Date"), CommScope Holding Company, Inc. (the "Company" or "CommScope") completed the previously announced sale of its Outdoor Wireless Networks business segment (the "OWN Business") as well as the Distributed Antenna Systems business unit of its Networking, Intelligent Cellular & Security Solutions segment (the "DAS Business") to Amphenol Corporation ("Amphenol") pursuant to the Purchase Agreement (the "Purchase Agreement"), dated as of July 18, 2024."

Amphenol Corporation$2.1bnTechnologySEC 8-K
2025-02-04nVent Electric plc (NVT)nVent Thermal Management business
What the filing says

"On January 30, 2025, nVent Electric plc (the "Company" or "nVent") completed the previously announced sale of the Company's Thermal Management business (such business, "Thermal Management," and the sale of Thermal Management, the "Transaction") to BCP VI Summit Holdings LP, an affiliate of funds managed by Brookfield Asset Management (the "Buyer"), pursuant to a Share and Asset Purchase Agreement, dated as of July 31, 2024, between the Buyer (as assignee of BCP Acquisitions LLC) and nVent."

Brookfield Asset Management$1.7bnIndustrialsSEC 8-K
2025-02-03GOODYEAR TIRE & RUBBER CO /OH/ (GT)Goodyear off-the-road tire business
What the filing says

"The Goodyear Tire & Rubber Company (NASDAQ: GT) ("Goodyear" or the "Company") has completed the previously announced divestiture of its off-the-road (OTR) tire business to The Yokohama Rubber Company, Limited, effective February 3, 2025, in an all-cash transaction valued at approximately $905 million."

The Yokohama Rubber Company, Limited$905MIndustrialsSEC 8-K exhibit
2025-02-03Altice Teads S.A.Teads
What the filing says

"On February 3, 2025, Outbrain Inc. (the "Company" or "Outbrain") consummated the previously announced acquisition (the "Acquisition"), of all of the issued and outstanding equity interests of TEADS ("Teads") from Altice Teads S.A. ("Altice Teads")."

Outbrain Inc.$900MBusiness servicesSEC 8-KFiled by the buyer
2025-02-03CareMax, Inc. (CMAXQ)CareMax core centers business
What the filing says

"The acquisition of the Core Centers Assets by the Buyer closed on February 3, 2025."

ClareMedica Parent Holdings, LP$100MHealthcareSEC 8-K
2025-02-03BLACKBERRY Ltd (BB)BlackBerry Cylance endpoint security business
What the filing says

"On February 3, 2025, BlackBerry Limited (the "Company") completed the previously-announced sale of its Cylance® endpoint security assets to Arctic Wolf Networks, Inc. ("Arctic Wolf")."

Arctic Wolf Networks, Inc.Not disclosedTechnologySEC 8-K
2025-02-24WESTERN DIGITAL CORP (WDC)Spin-off: Sandisk Corporation
What the filing says

"Western Digital Completes Planned Company Separation SAN JOSE, Calif. - February 24, 2025 - Western Digital (Nasdaq: WDC) announced today the successful completion of the planned separation of the company's Flash business."

Not named in this filingNot disclosedTechnologySEC 8-K exhibit

Added on 2026-10-11 from the 81 Item 2.01 filings of the month, each read and classified by hand. Values are as stated in the filing, before adjustments.

By seller sector

February 2025 by sector.

Seller sectorDivestituresWith a disclosed valueDisclosed value
Technology31$2.1bn
Healthcare22$3.9bn
Industrials22$2.6bn
Telecom and media11$3.25bn
Business services11$900M
Method

What counts, and where it comes from.

A row is a completed sale or spin-off of a business unit (a business, segment, division or named subsidiary) reported in a Form 8-K filed with the SEC during the month (or, on a weekly page, the ISO week, Monday to Sunday): under Item 2.01, completion of acquisition or disposition of assets, or in a press release attached to the filing that says the sale has closed.

Sales of buildings, loan books or securities are left out, as is the sale of a whole company. Seller, buyer and value come from the filing, and each row keeps a sentence from it and a link to it. Where a filing does not name the buyer or the price, the table says so rather than filling the gap. The sector is the seller's SEC industry code, not the unit's; where the seller has none (a private or foreign parent, named in a filing made by the buyer), it is the sector of the business sold.

Weekly pages start in September 2026. The months from January 2025 to April 2026, and some deals in later months, were added in October 2026 from every Item 2.01 filing in that window, read and classified by hand rather than by the weekly search.

Source: SEC EDGAR full-text search and the filings themselves. Public filings only. None of these transactions is an FIH.com mandate, and nothing here is advice.

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