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.
Share This
Client
A financial services company
Human Insights
Insights from our global thought leaders.
