Divestment strategy: sell and separate
Reimagine your portfolio and reshape your future through strategic sales and spins. Navigating risk and operating at speed, EY teams help you create long-term value through better divestments – from design to delivery.
Our divestiture consulting services operate across the entire divestiture life cycle, from strategy to separation to stabilization upon deal closing. Our strategic portfolio management advice helps you decide what and when to monetize.
Strategies for successful corporate separations
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What EY can do for you in divestitures and carve-outs
Our diverse divestiture teams can help you capture full value from a divestiture, whether you are a corporate or a private equity fund. We can help you limit disruption, manage remaining tax cost structures and allow you to focus on creating long-term value for stakeholders.
We help enable strategic portfolio management through divestitures, including development of the value story and deal model, marketing the business to buyers, optimizing tax attributes to buyer and seller, preparing carve-out financials and developing operational separation plans.
We offer deep insight into portfolio management to help you get answers to key questions:
- What should I sell to reposition my business in the market?
- How can I sell assets at optimal prices?
- How can I reshape my portfolio to help meet sustainability/ESG targets?
- How can I optimize my portfolio to raise capital for future investments?
- How can I sell non-core assets to preserve capital and help digitally transform my business?
- How can I reframe my geographic footprint through divestments?
We help clients with their portfolio management — assessing their portfolio of assets, including strategic fit, underlying value, and contribution to the overall business and transaction alternatives.
An independent fairness opinion can help the board mitigate risk by augmenting its transaction review process, strengthening its fiduciary oversight and protecting shareholder value.
We prepare financial, tax, HR and operational information based on the understanding of the buyers’ needs and priorities with the use of advanced analytics — the transformation of strategic, financial or operational algorithms combined with complex data sets into information, facilitating better, faster and more decisive actions.
We help you develop a compelling equity story for buyers and assess valuation.
We assist with technical carve-out financial statement matters and support the audit process by assisting with U.S. Securities and Exchange Commission (SEC) reporting matters and regulatory filings, and bridging the audited financial statements to the deal-basis financial statements.
We help prepare management for interaction with bidders and develop fact-based positions for purchase price adjustments, closing schedules and transition service agreements.
We assist with developing a separation road map for key functions, including finance, HR, accounting and IT, considering regulatory requirements and tax planning.
We provide rapid assessment of financial, tax and operational risks and the critical considerations for day-one readiness, including employee, customer and supplier retention, IT and infrastructure.
We help you manage the remaining cost structure so that you can focus on future growth, including opportunities to invest in the core business, reduce leverage and improve working capital.