Divestitures aren’t just mergers in reverse. They are complicated transactions that can include carve-outs, spin-offs, liquidations, split-offs, exchanges and tracking stocks. This section of the M&A Library provides information on ways to maintain operational excellence between the time of the announcement and final execution of the divestiture, as well as ways to manage potential conflicts of interest that may arise during a divestiture.
Sell-Side Due Diligence: Can You Pave the Way to a Higher-Value Carve-Out?
Preparing for a carve-out or divestiture can seem daunting. Seller creditability can be lost with a small misstep, and undercommitting to the whole process can negatively impact your final sell price. This paper highlights the importance of sell-side due diligence and suggests adopting leading practices to help companies achieve value during their transaction, both strategically and on the balance sheet.
Merger & Acquisitions: Sell-Side Services
Learn how Deloitte's dedicated M&A divestiture services can help you achieve the strategic and financial objectives of your deal.
Addition by Subtraction. Realizing Carve-Out Value — Key Challenges and Leading Practices
Through our vast experience with some of the market’s most complex transactions, we have identified a set of key challenges facing divestitures, and strategic approaches to help address them.
The Divestiture Decision
A critical challenge faced by a divested company as it separates from the parent is how to obtain the infrastructure services it needs to operate efficiently in a newly independent state. Learn about the five important steps that can help maintain operational continuity for a divested business.
Seven Secrets of Highly Effective Divestitures
Large-scale spin-offs are an increasingly popular way to create value for shareholders. In fact, last year the number of billion-dollar divestitures jumped by nearly 40 percent globally. Of course, doing a deal is only the first step. Given the extremely high stakes, what else can companies do to improve their chances for success?
The Hidden Value in Tax Divestitures: Why Looking Beyond the Deal Can Pay Off Big
If you're planning a spin-off or carve-out, you know how important tax considerations can be to realizing the full value of your transaction. But did you also know that a separation can offer significant opportunities to improve the tax efficiency of each separated business − and thereby increase the transaction's long-term value? Learn more.
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Jefferey M. Weirens, national managing director, Carve-Out and Merger Integration practice, Deloitte Consulting LLP
Andrew Wilson, national managing partner – Divestiture Services, Deloitte & Touche LLP
