•Transaction enables Brookfield Business Partners to monetize a partial interest in three businesses at a value accretive to the trading price of its units and shares

• Provides new evergreen private equity strategy with an immediate, diversified portfolio

• The Transaction was subject to a rigorous, independent review process which included a fairness opinion provided by an independent third-party financial advisor
 

BROOKFIELD, NEWS, July 03, 2025 (GLOBE NEWSWIRE) -- Brookfield Business Partners (NYSE:BBU, BBUC, TSX:BBU, BBUC))), today announced that it has reached an agreement to sell a portion of its interest in three businesses (the "Transaction") to a new evergreen private equity strategy (the "New Fund") targeting high-net-worth investors, managed by Brookfield Asset Management.

Under the terms of the Transaction, Brookfield Business Partners will sell an approximate 12% interest in its engineered components manufacturing operation ("DexKo"), an approximate 7% interest in its dealer software and technology services operation ("CDK Global") and an approximate 5% interest in its work access services operation ("BrandSafway") to the New Fund.

Brookfield Business Partners will receive units of the New Fund (the "Units") with an initial redemption value of approximately $690 million, representing an aggregate 8.6% discount to the net asset value ("NAV") of the interests sold. In the 18-month period following the initial closing of the New Fund, expected later this year, the Units are expected to be redeemed for cash at an 8.6% discount to NAV at the time of redemption. Any remaining Units still outstanding after this 18-month period will be redeemable at NAV.

The sale is expected to be completed on July 4, 2025.