Minimizing curveballs while conducting multiple carve-outs

Key results:

Executed complex sale process involving multiple carve-outs
Stood up FP&A function at remaining company

Value levers pulled:

Sell-side readiness
Carve-out planning and execution

Picture this...

You’re a large, multibillion-dollar technology and information services company with a global footprint and a history of acquisitions. You’re exploring a complex transaction involving multiple carve-outs. Your sponsors want to carve-out the company three ways and sell two pieces while retaining the third one as a standalone entity. You need to prepare for two simultaneous sale processes with separate sets of buyers and third-party advisors including Quality of Earnings (“QoE”) providers, investment banks, and lawyers. The success of your proposed transactions depends on developing key analyses to support the equity story, manage multiple data rooms, support management through buyer presentations, and address ad-hoc diligence requests from multiple suitors while providing requisite support for the remaining company to operate as a standalone entity.

You turn to Accordion.

We help prepare your company for sale by:

Building a historical financial data cube allowing for various carve-out scenarios to serve as the base for deal models, QoE reports, and bottoms up projections.
Developing a multidimensional revenue database to address critical diligence requests including customer retention/churn analysis and annual recurring revenue roll-forward.
Ensuring timely and accurate completion of QoE reports and preparing the management team for buyer presentations and diligence calls.
Providing accurate and timely responses to 1500+ diligence requests including sales rep productivity, turnover and quota attainment, pipeline and bookings, and databases.
Reviewing the remaining company’s operating model and providing FP&A support to ensure a successful transition to a standalone company.

Your value is enhanced.

You do the (almost) impossible, and you do it well:

You successfully carve-out.
You package and sell two divisions at attractive valuations.
You simultaneously stand up the FP&A function at your remaining company to ensure a smooth transition and day 1 readiness.

Enhanced value:

You reap multiple benefits, including:

Executed complex sale process involving multiple carve-outs
Stood up FP&A function at remaining company