Corporate carve outs transaction insights: removing the corporate umbrella

As we emerge from COVID-19, many large corporates will be assessing the shape of their group in light of their evolving strategy. While various factors will influence the decision to undertake a carve-out, we are expecting an increase in corporate divestments as we are already seeing larger groups adopt a renewed focus on core operations.

In our report we outline some of the key aspects of managing the carve-out process to maximise shareholder value, focussing on two critical areas: the clarity on the decision to sell and constructing a framework to manage the sale process.

Within the framework, we consider the importance of the following:

• Taking time to clearly define and confirm the proposed carve-out;
• Crafting the equity story; and
• Creating the separation plan and a clear road map.

 

Download our Carve-outs report
 

In 2020, BDO was the most active global mid-market deal adviser, and in the Building Products & Services sector, we completed over 150 deals across the globe. As we continue to follow the roadmap out of the pandemic, the Building Products & Services sector remains an extremely active place to do business.

John Stephan & Mithun Patel, Building Products & Services, BDO LLP.

BDO’s Building Products & Services group plays a leading role in the industry, providing M&A, transaction services, business assurance, tax and business advisory services to manufacturers, distributors, retailers, and service businesses. BDO’s Building Products & Services sector team combines technical expertise and sector insight to provide clients with specialist advice and access to an extensive contact base in the mid-market.