Supporting a Head-Spinning Series of Complex Transactions

Mar 19, 2020 |
mins Read

Client

A global technology enterprise

A global technology enterprise, with multiple divisions spanning hardware, software and services, believed these divisions would deliver more value to shareholders if they operated as independent entities. They trusted RGP to support them through these significant corporate changes.

Over the course of two decades, RGP supported our enterprise technology Client through a series of complex transactions, including spin-offs, carve-outs and IPOs. Based on our long-standing relationship and deep transactions expertise, we enabled our Client to realize their vision and unlock shareholder value.

What We Did

  • Executed the carve-out and prepared financial statements for the spin-off and remaining company.
  • Prepared all required forms and disclosures for the transactions.
  • Performed technical accounting research and memo drafts as well as cash flow segmentation across the new company and businesses.
  • Supported risk/insurance accounting and reporting.
  • Managed internal and external reporting and disclosures, including audit support for IT business process and systems rationalization.

Impact

  • Supported a successful IPO of our Client’s spin-off company, the largest IPO in Silicon Valley history at the time.
  • Successfully launched the remaining company as a public company.
  • Delivered timely quarterly and annual SEC filings.
  • Completed domestic and international pension plan accounting carve-outs for the software and service businesses.
Share This

Client

A global technology enterprise

Employee Spotlights

Our people make it all happen. Learn more about our collaborative, talented and diverse team.