BCG’s carve-out consultants guide companies through the complex carve-out process from end to end. Whether your goal is a trade sale, a spinoff, or an IPO, we help maximize transaction value and minimize business disruption—positioning the parent and new enterprises to thrive on day one and beyond.
BCG brings a distinctly holistic, end-to-end approach to these high-stakes transactions. Our strategic insight and deep industry expertise enable us to advise clients throughout the carve-out continuum.
We set you up for success with our clear focus on value, our deep expertise in strategy and business, our experience with complex carve-outs, and our structured approach, which pushes well beyond a purely mechanical separation exercise. We work shoulder-to-shoulder with you to boost the new entity’s value to shareholders and prospective buyers and ensure business continuity from day one. Critically, we also reduce distractions, freeing you to focus on vital day-to-day operations. After all, even the most profitable carve-out is only as successful as the business you hold when the signatures are dry.
We lead you through a three-step process that includes program setup, design and planning, and execution. We simultaneously advise on crucial project, risk, and change management issues that otherwise can undermine even the most precise financial plans.
A carve-out transaction requires managing business, accounting, and legal issues simultaneously, often across functions, nations, and cultures. The result can be a torrent of micro-milestones and metrics that must be addressed and coordinated during a process that typically stretches 6 to 12 months.
To contain that complexity, BCG’s carve-out consultants help clients consider three factors: approach, timing, and setup.
IT is particularly thorny. IT systems often take longer to untangle than any other process and can stretch beyond the carve-out’s completion date. Together with BCG Platinion, we help anticipate, mitigate, and manage IT issues, including timelines, business requirements, security and privacy, historical data, and stranded costs.
2021 has been a big year for trade sales, IPOs, and spinoffs. What are the motivations, costs, and success factors?
Acquirers need robust due diligence to inform valuations, negotiations, and operational decisions. Six imperatives guide the effort.
Many companies are eyeing divestitures in the current environment. Are they likely to create value? What is the best path to success?
By following four imperatives, companies can ensure that a breakup doesn’t break the bank.
Our carve-out consultants take a customized approach with clients to structure and run their operational carve-out.
