Submitted by: Submitted by ikngoka
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Words: 14264
Pages: 58
Category: Business and Industry
Date Submitted: 11/26/2014 03:17 PM
Transaction Advisory Services
Divesting for value
Contents
Executive summary Ι 01
In strategically managing their capital, companies are looking to divestitures and spin-offs as a tool to raise capital and enhance shareholder value. This requires a proactive, comprehensive and strategic approach.
Tax issues and consequences Ι 15
by Todd Miller Attention to tax issues can lead to more efficient deal structures and higher valuations.
Proactive portfolio management Ι 03
by Doug Campbell Proactive portfolio management brings strategic benefits and improves divestiture outcomes; a rigorous process helps enhance shareholder value.
by Regina Balderas and Brian Pastroff As companies increasingly turn to spin-offs they need to appreciate the benefits and complexities before committing to the task.
Considering the tax-free spin Ι 17
Transaction strategy Ι 05
Operational preparedness Ι 20
by Jim Carter and Kevin Magee Sellers must understand who buyers are and what they want before engaging.
by Andy Lorenzetti and Neil Desai Operations are the heart of divestiture value. Sellers must retain focus on the business and plan a smooth transition to a new structure.
Sell-side due diligence Ι 07
by Brent Borio Sell-side due diligence is a cornerstone of effective divestiture execution, enhancing both seller credibility and deal value.
Effective divestiture management Ι 23
Carve-out financial statements Ι 09
by Mitch Berlin Leadership, project management and clear communication are needed to cleanly divest a business that preserves its value and ability to perform from Day 1.
by Brent Adam and Bill Keirse Carve-out financial statements help present a clear and credible picture of the future stand-alone business.
Conclusion Ι 25
Careful preparation can help companies extract greater value, increase speed to close and minimize disruptions to the core business.
Divestitures in a private equity setting Ι 12
by Frank...