A carve-out generally arises from the separation of a business, division or sale of assets (income, related costs, people, assets, processes, contracts, etc.) of the parent company. This occurs, for example, when a company wants to concentrate on the main business activity or wants to raise funds or capital for acquisitions, investments or reduce debt.
PwC has extensive experience and proven methodology in carve-outs and has a multidisciplinary team of experts in areas such as accounting, tax, due diligence, capital markets, strategy, HR and pensions , operations and IT. Moreover, PwC has significant experience in managing the transition office, separation and Day One support to ensure business continuity in sales and operations.
A carve-out situation includes :