06 Sep, 2022 Distressed Carve-outs: Navigating the changing landscape of carve-out deals By Nick Breadner M&A activity reached record highs in 2021, as pent up demand in 2020 was able to flow through markets. As we move through 2022, activity...
10 Jul, 2022 8 New Views #8: Do Not Copy-Paste Processes In A Carve-Out By Curt Luchtenberg “Split the company, duplicate the processes and be done with it” is a mantra heard often in the deal context. This saves time and money –...
06 Jul, 2022 8 New Views #7: In A Carve-Out, Assets Do Not Have To Be Duplicated By Curt Luchtenberg #splitting up #assets in a #carveout can be a nightmare, especially when not only administrative, but also #productionassets are in...
03 Jul, 2022 8 New Views #6: IT Separation Does Not Have To Be Ready At Closing By Curt Luchtenberg Being the most complex #workstream, #IT usually is the #1 candidate for becoming the critical path of a #carveout project. I have seen...
29 Jun, 2022 8 New Views #5: Carve-Outs Can Be Implemented In Less Than 9 Months By Curt Luchtenberg #Separations are complex animals being “live” entities with many #interdependencies. Thus #carveouts are seldomly closed in less than...
26 Jun, 2022 8 New Views #4: Carve-Outs Do Require Strategic Thinking and Acting By Curt Luchtenberg International consultancies often distinguish between a strategic and an operational part of a carve-out. Mostly, these parts are...
22 Jun, 2022 8 New Views #3: Employees Should Love Carve-Outs By Curt Luchtenberg Carve-outs have a bad reputation among employees, playing into the fears of degradation, loss of corporate identity and in the worst...
19 Jun, 2022 8 New Views: #2: Carve-Outs Don’t Have To Cause Dyssynergies By Curt Luchtenberg When I arrived on site to support a carve-out, quite some of my clients said: "Dyssynergies are a given." and "Cutting all ties to the...
15 Jun, 2022 "8 New Views on Carve-Outs": #1: The future of a carve-out entity does matter to the seller By Curt Luchtenberg After a carve-out, the first reaction of the former ParentCo is often to go back to business as usual and discard any thought about the...
09 May, 2022 Consumer deals: time to go broader and deeper on due diligence By Nick Neil-Boss Last week's announcement by the BoE of a hike in interest rates, along with all of the other cost-of-living increases will undoubtedly...