Brookfield Business Partners L.P.Limited Partnership Units - BBU STOCK NEWS

BROOKFIELD, NEWS, Nov. 05, 2021 -- Brookfield Business Partners L.P. (NYSE: BBU) reported a robust third quarter for the period ending September 30, 2021. The company achieved a net income of $87 million, contrasting a loss of $19 million in the prior year. Adjusted EBITDA rose to $443 million from $381 million. The firm is set to acquire Scientific Games Lottery for $5.8 billion and has completed acquisitions of DexKo Global for $3.4 billion and Aldo for $104 million. The Board declared a quarterly distribution of $0.0625 per unit, payable on December 31, 2021.

Scientific Games Corporation (SGMS) announced a definitive agreement to sell its Lottery business to Brookfield Business Partners (BBU) for $6.05 billion, comprising $5.825 billion in cash and a potential earn-out of $225 million based on EBITDA targets. The sale is expected to close in Q2 2022, pending regulatory approvals. This strategic move aims to optimize SGMS's portfolio and reduce debt, allowing for future investments. The Lottery business is a global leader, powering 69% of instant lottery sales. This transaction is viewed as a milestone towards SGMS's vision to become a leading cross-platform global game company.

BROOKFIELD, NEWS, Oct. 27, 2021 – Brookfield Business Partners L.P. (NYSE:BBU) has announced an agreement to acquire Scientific Games Corporation’s global lottery services and technology business for approximately $5.8 billion. This acquisition enhances Brookfield's position in the lottery ecosystem and builds on Scientific Games Lottery's long-standing relationships with around 130 lottery entities globally. The investment will be funded with $2.6 billion in equity, supported by existing liquidity and institutional partners, with an expected closing in Q2 2022, pending regulatory approvals.

Brookfield Business Partners will host its 2021 Q3 Conference Call and Webcast on November 5, 2021, at 11:00 a.m. ET. The call will cover their results and business initiatives. Results will be available before 8:00 a.m. ET on the same day at their website. Participants can dial +1 (866) 688-9431 for the call or join via the webcast. An archived replay will be accessible until November 11, 2021. Brookfield Business Partners, listed on TSX and NYSE under ticker BBU, focuses on operating high-quality businesses with barriers to entry.

Brookfield Business Partners L.P. (NYSE: BBU) has announced a normal course issuer bid to repurchase up to 5% of its outstanding units, totaling approximately 3.93 million units. This bid, approved by the TSX, aims to acquire units that may not reflect their full value. The buyback will begin on August 17, 2021, and continue until August 16, 2022. In the previous bid, the company repurchased 1.73 million units at an average price of $33.99. All repurchased units will be canceled, following compliance with relevant securities laws.

Brookfield Business Partners L.P. (NYSE: BBU) reported strong financial results for Q2 2021, with a net income loss of $15 million, an improvement from $109 million in Q2 2020. Company FFO reached $356 million, up from $173 million year-over-year. EBITDA increased to $381 million, driven by growth in Business Services and Industrials segments. The company plans to enhance investor appeal through a new corporate structure and announced three significant acquisitions, including Modulaire Group for $5 billion. Liquidity stands at $2.6 billion, positioning the firm for further growth.

Brookfield Business Partners (BBU) has announced plans to create a Canadian corporation named Brookfield Business Corporation (BBUC), aimed at enhancing investor flexibility and attracting new investors. BBU plans to distribute class A shares of BBUC to existing unitholders, akin to a unit split, but with no change to cash flows or net asset value. Each unitholder will receive one BBUC class A share for every two BBU units held. The expected annual distribution remains at $0.25 per unit, with a similar dividend for BBUC shares, increasing total distributions by 50% post-distribution. BBUC aims to apply for listings on NYSE and TSX.

KPS Capital Partners has agreed to sell its portfolio company, DexKo Global Inc., to Brookfield Business Partners L.P. for $3.4 billion. DexKo, a leading supplier of chassis technology with over 130 years of experience, has been transformed under KPS' ownership, completing 15 acquisitions and investing over $600 million to enhance its market position. The transaction is subject to customary closing conditions. Brookfield aims to support DexKo's future growth following its significant development and profitability achieved during KPS' ownership.

Brookfield Business Partners (NYSE:BBU) has agreed to acquire DexKo Global Inc. for $3.4 billion, enhancing its industrials operations. DexKo is a leading manufacturer of engineered components for trailers and recreational vehicles, with a presence in North America, Europe, and Australia. The acquisition aims to leverage DexKo's robust market position and cash flow generation capabilities, alongside operational improvement opportunities. Funding includes approximately $1.1 billion of equity, with Brookfield Business Partners investing around $400 million. The transaction is expected to close by the end of 2021.