Preparing for a Carve-out and Building a Jetway for Success

Jun 12, 2020 |
mins Read

Client

A financial services company

We enabled our client to prepare one of their business units for spin-off with minimal disruption by supporting management of carve-out activities and standing up a finance and accounting department.

The aerospace division of a publicly held financial services company was being spun-off and needed assistance with both managing the finance and accounting (F&A) carve-out activities and standing up an F&A department to prepare for a sale to a major private equity firm.

What We Did

  • Project managed and supported execution of F&A carve-out activities.
  • Provided SEC reporting and technical accounting support and conducted internal and SOX compliance audits.
  • Supported the seller in meeting general accounting requirements specified in the Transition Services Agreement.
  • Stood up an F&A department for the newly carved-out entity.

Impact

  • Enabled business process continuity during the separation by providing flexible expertise to fill gaps within internal workstreams.
  • Minimized business disruption by providing the F&A team with carve-out project management and expertise.
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Client

A financial services company

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