Transactions

Divestitures & Carve-Outs

Maximize shareholder value throughout the transaction lifecycle

The complex accounting, compliance, risk, and systems implications of a divestiture or carve-out dictate the future trajectory of RemainCos and NewCos alike. Our cross-functional experts provide a clear, profitable path forward during and after a separation, ensuring you meet all requirements and milestones with accuracy and agility.

Create future financial value today. Here’s how.

Execute transactions effectively with separation governance and program management

To make progress during a complex transaction, expert governance, planning, and communication are needed end-to-end. Our program management specialists guide you through the process, leveraging proven change management and communication planning best practices while also standing up a framework for identifying and resolving risks and dependencies before they cause delays.

Access expert accounting policy support and financial reporting preparation

As determined by the transaction requirements, we prepare relevant financial statements and filing materials, including:

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 define a methodology, provide project management, and engage external auditors to enable the accurate, timely completion of financial statements and audits.

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

As compliance requirements and risk vectors evolve during and after a transaction, we deliver a robust, future-ready risk management framework that keeps you agile to change and on guard against threats. This framework includes:

Establishing or modifying internal audit plans
Implementing or optimizing a SOX program
Assessing business and IT controls
Simulating cybersecurity and privacy attacks for greater threat intelligence

Be ready on day one with custom operational readiness plans

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

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

These outputs inform and guide a proactive operational readiness plan that sets you up for success now and far into the future.

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

To maximize the efficiency and value of a transaction, we optimize the operating models, business processes, systems, and control environments of RemainCos and NewCos. These improvements include:

Operational and technology optimization roadmaps
TSA exit strategy acceleration
Intelligent automation, data analytics, and data management implementations
Finance and accounting support for discontinued operations, like recasting Forms 10-K, 10-Q, and 8-K
Playbook for future transactions