Modine Announces Sale of Three Automotive Businesses in Germany Principally Manufacturing Parts for Internal Combustion Engine Applications in Europe

RACINE, Wis., Sept. 6, 2023 /PRNewswire/ -- Modine (NYSE: MOD), a diversified global leader in innovative thermal management technology and solutions, announced today that it has signed a definitive agreement to sell three Modine businesses based in Germany to affiliates of Regent LP. The businesses are located in Neuenkirchen, Pliezhausen and Wackersdorf. The sale is expected to be completed in the next few weeks pending regulatory approval.

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Ani Abrahamyan
Qurate Retail Announces Sale of Zulily to Regent

ENGLEWOOD, Colo.--(BUSINESS WIRE)--Qurate Retail, Inc. (“Qurate Retail”) (Nasdaq: QRTEA, QRTEB, QRTEP) today announced that Regent (“Regent”), a Los Angeles-based investment firm with proven expertise in the retail and apparel sectors, has acquired Zulily, the online retailer delivering a fun shopping experience helping moms discover exclusive daily deals, brand names and on-trend styles, and everyday value on clothing, footwear, homeware essentials and more.

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Ani Abrahamyan
Alkegen Enters into an Exclusive Agreement to Sell its Automotive Thermal Acoustical Solutions Business Unit to Regent

IRVING, Texas--(BUSINESS WIRE)--Clearlake Capital-backed Alkegen announced today that it has entered into an exclusive agreement with Regent, L.P. to sell its Thermal Acoustical Solutions (TAS) business unit, which manufactures high performance acoustical and thermal management insulation components for the automotive and transportation industries. The divestiture aligns with Alkegen’s long-term strategy to advance its growing portfolio of specialty materials dedicated to sustainability and human health.

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Ani Abrahamyan
Hanes Europe Innerwear renamed Dim Brands International after sale

In November 2021, US group HanesBrands announced the sale of its European lingerie subsidiary, Hanes Europe Innerwear, to the Regent L.P. investment company, based in Los Angeles. After changing ownership, the new entity, comprising the brands Dim (founded in France in 1958), Nur Bie (from Germany), Lovable (from Italy), Bellinda (from the Czech Republic) and Abanderado (from Spain), has renamed itself Dim Brands International (DBI), to highlight its best asset.

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Ani Abrahamyan
Regent Acquires brands4friends from eBay Inc.

LOS ANGELES, BERLIN— REGENT, a global private equity firm, announced today that it has acquired Brands4Friends, Germany’s largest online shopping club, from eBay Inc. (NASDAQ: EBAY). With over nine million members across Europe, Brands4Friends (www.brands4friends.com) provides exclusive online access to a wide array of leading consumer product brands across multiple verticals. Brands4Friends is headquartered in Berlin, Germany.

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Ani Abrahamyan
Hain Celestial Completes the Sale of Plainville Farms

The Hain Celestial Group, Inc. (Nasdaq: HAIN) today announced that it has completed the first step in its divestiture of the Hain Pure Protein operating segment with the sale of the Plainville Farms business to Plainville Brands, LLC, a Delaware limited liability company backed by a group of private investors.

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Ani Abrahamyan
L Brands Announces Sale Agreement For La Senza

L Brands, Inc. (NYSE: LB) today announced that following its previously announced comprehensive review process, it has signed a definitive agreement to transfer ownership and operating control of La Senza – inclusive of the home office organization, North American stores and e-commerce and international partnerships – to an affiliate of Regent LP, a global private equity firm. 

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Ani Abrahamyan
Time Inc. Announces Sale of Iconic SUNSET Brand to Regent

Time Inc. (NYSE: TIME) today announced the sale of SUNSET to Regent L.P., a Los Angeles–based private equity firm led by investor Michael Reinstein. Based in Oakland, California, SUNSET is the defining lifestyle brand of the modern American West, with coverage that includes travel, food, wine, home and garden across its monthly print publication, digital and social platforms, books, events and experiences.

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Ani Abrahamyan
Current sold to equity firm

Longtime Colorado Springs-based direct marketer Current Inc. has been sold to a Los Angeles private equity investment firm at the same time its former parent company sold its 77-acre campus on Woodmen Road to a Houston-based development company.

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Ani Abrahamyan