07:24 AM EDT, 07/03/2025 (MT Newswires) -- Brookfield Business Partners ( BBU ) said Thursday it will sell a 12% stake in DexKo, 7% in CDK Global, and 5% in BrandSafway to a new Brookfield-managed private equity fund targeting wealthy investors.

The company will receive units in the new fund valued at $690 million, which is an 8.6% discount to the net asset value, with cash redemption expected within 18 months, the company said.

The deal, closing Friday, unlocks value above its trading price, strengthens its balance sheet, and supports future buybacks and reinvestment, Brookfield said.

The transaction also seeds the new evergreen private equity fund with a diversified portfolio ahead of launch, the company added.