Divestitures & Carve-Outs

Maximize shareholder value throughout the transaction lifecycle

The intricate accounting, compliance, risk, and systems challenges associated with a divestiture or carve-out significantly influence the future direction of both RemainCos and NewCos. Our cross-functional experts offer a clear and profitable pathway during and after the separation, ensuring you meet all requirements and milestones with precision and agility.

Create future financial value today. Here’s how.

Execute transactions effectively with separation governance and program management

Navigating a complex transaction requires comprehensive governance, planning, and communication throughout the entire process. Our program management specialists support you by utilizing established change management and communication planning best practices, while also establishing a framework to identify and address risks and dependencies before they lead to delays.

Access expert accounting policy support and financial reporting preparation

Based on the transaction requirements, we prepare the necessary financial statements and filing materials, which include:

AICPA financial statements
Pro forma balance sheet and income statement
Form 10, S-1/S-4
Private placement offerings

Throughout the carve-out process, we establish a clear methodology, provide project management, and collaborate with external auditors to ensure the accurate and timely completion of financial statements and audits.

Anticipate, manage, and respond to threats in an expanding risk universe

As compliance requirements and risk factors change during and after a transaction, we provide a comprehensive, future-ready risk management framework that ensures you remain agile and vigilant against threats. This framework includes:

Establishing or updating internal audit plans
Implementing or enhancing a SOX program
Evaluating business and IT controls
Simulating cybersecurity and privacy attacks to enhance threat intelligence

Be ready on day one with custom operational readiness plans

In partnership with external auditors, internal stakeholders, and third-party providers, we:

Design future-state operating models
Offer system cutover planning, data conversion, testing execution, and management
Define and oversee Transition Services Agreements (TSA)
Facilitate knowledge transfers

These efforts contribute to a proactive operational readiness plan that prepares you for immediate success and long-term growth

Optimize now and in the future with continued post-transaction improvements and support

To enhance the efficiency and value of a transaction, we refine the operating models, business processes, systems, and control environments of both RemainCos and NewCos. These enhancements encompass:

Roadmaps for operational and technology optimization
Acceleration of TSA exit strategies
Implementation of intelligent automation, data analytics, and data management
Finance and accounting support for discontinued operations, including recasting Forms 10-K, 10-Q, and 8-K
A playbook for future transactions