01.
The Challenge
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.
02.
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.
- 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.
03.
Our Impact
RGP lead a global technology enterprise through a transformational shift.
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