M&A Services - Carve outs

The challenge of selling a group company or part of it is the fundamental interdependence of the sales object due to the group.
In addition to the general challenges in a sales process, you have to take the following additional issues into consideration, when a group segment is to be separated:
 
  • Demarcation of the transaction object
  • Enhancement measures
  • Interfaces between the target company and the group
  • Examination of all the divisions (with respect to all stakeholders)
  • Contractual and actual connections within the group
  • Transfer Pricing
  • Ensuring the stand-alone capability of the target
  • "Service Level Agreement“
  • Business valuation on a stand-alone basis
  • Conflict of interest of the management (personal interest vs. group interest)
  • Ensuring (purchase price and) corporate finance