Brookfield Business Partners Plans $690M Partial Asset Sale to New PE Fund

Brookfield Business Partners has agreed to sell partial interests in three of its businesses—approximately 12% in DexKo, 7% in CDK Global, and 5% in BrandSafway—to a new evergreen private equity fund managed by Brookfield Asset Management targeting high-net-worth investors. The company will receive units of the new fund valued at about $690 million, representing an 8.6% discount to the net asset value of the interests sold, with the units expected to be redeemed for cash within 18 months at a similar discount. This transaction allows Brookfield Business Partners to monetize its investments at a value accretive to its trading price while maintaining some stake in these businesses and supporting its capital return and growth reinvestment strategies. The sale has undergone a rigorous independent review, including a fairness opinion from a third-party financial advisor, ensuring transparency and fairness to stakeholders. By providing the new fund with an immediate, diversified portfolio, Brookfield is capitalizing on growing private equity interest among wealthy investors. The transaction is expected to close shortly and is exempt from formal valuation and minority shareholder approval due to its size relative to Brookfield Business Partners' market capitalization.