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Carve-out Planning & Execution

Carve-out Planning & Execution

Carve-outs are a minefield of complexities and potential challenges: sellers push for speed, buyers demand detailed information, and transaction structures often lack clarity. And even if the deal goes smoothly, you need to stand up the carve-out as a standalone business or integrate it with the acquiring platform, without disrupting the day-to-day. The bottom line: You need a partner experienced in avoiding pitfalls at all stages of the carve-out lifecycle.

Our experts don’t just spearhead carve-out strategy. We roll up our sleeves and do the work. Whether you need buy- or sell-side support, we take a value-creation lens to carve-out transactions—through the diligence, signing, closing, TSA exit, and value creation processes.
PAIN POINT

Failure to optimize transaction value and/or assess carve-out complexity due to lack of diligence expertise.

What Accordion brings:
Determine accurate purchase price.
Identify risks and vet standalone/one-time costs.
Optimize TSA structure.
Develop the TSA structure to minimize Day 1 and post-close operational shortcomings.
Formulate pre-signing strategy.
Establish a pre-signing plan of attack to prevent value leakage and prepare for transparent interaction with buyers.
PAIN POINT

Operational impact and transition challenges due to failure to effectively prepare for Day 1.

What Accordion brings:
Align Day 1 planning with TSA negotiations.
Begin Day 1 planning concurrent with TSA negotiations to maintain momentum and ensure thoughtful and speedy progress.
Foster seamless transition.
Leverage entanglement analysis to determine separation focus and execute a seamless transition.
Optimize reporting.
Streamline financial reporting structure to ensure carved-out business can meet buyer’s reporting expectations.
PAIN POINT

Major disruptions in standing up or integrating your carved-out business due to flawed operating model design or poorly managed carve-out planning and execution.

What Accordion brings:
Design the Separation Management Office.
Establish and manage the SMO so that your team can focus on day-to-day operations.
Design future state.
Create a fully-formed future state operating model, supported by appropriate technology and infrastructure for your carved-out business, and develop/execute on a comprehensive roadmap to get there.
Execute back office stand-up.
Stand up fit-for-purpose back-office functions (Finance, IT, HR) to ensure the front lines are supported from the get-go.
Reduce costs.
Focus on cost management to prevent value leakage.
We consistently create value for the world’s most sophisticated private equity firms and their portfolio companies.
See more.
We consistently create value for the world’s most sophisticated private equity firms and their portfolio companies.
See more.

Meet a few
of our experts.

Matt Marcus
Matt Marcus
Managing Director

Matt is a Managing Director with more than two decades of experience in diversified consulting and alternative investments. His specific expertise includes the management, development, and execution of transaction execution initiatives.

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George Theocharopoulos
George Theocharopoulos
Managing Director

George is a Managing Director with more than 20 years of M&A and operational performance improvement experience in industry and consulting. Throughout his career, he has led complex M&A transactions and operational restructuring and turnaround efforts across a variety of industries, both as an advisor as well as an executive.

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Gaurang Gupta
Gaurang Gupta
Managing Director

Gaurang is a Managing Director with nearly a decade of experience advising clients in driving value through deal execution for complex M&A and divestitures providing both buy and sell-side support. His specialties include integration & separation program management & governance, Day 1/ 100 planning & execution, post-merger integration, TSA management, financial close, consolidation and reporting, standalone costing and...

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Joseph Luke
Joseph Luke
Executive Director

Joseph is an Executive Director in Accordion’s Transaction Execution Practice with nearly two decades of experience executing buy-side and sell-side M&A transactions – both as an advisor and a corporate executive.

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Alex Milani
Alex Milani
Managing Director

Alex is a Managing Director with nearly two decades of experience in advisory and private equity, focused on M&A execution and value creation. He has deep expertise in merger integration and carve-outs, partnering with private equity sponsors to drive operational readiness and integrate finance functions across reporting, systems, processes, and teams. Alex also brings prior finance leadership experience across multiple industries,...

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Ayla Queiroga
Ayla Queiroga
Managing Director

Ayla is a Managing Director with over a decade of experience in advisory, accounting, and transaction execution. She partners with C-Suite and other senior leaders to drive value through the finance function and has experience in a variety of sectors including Consumer Products, Manufacturing, Technology, Retail Services, Health Care, Financial Services, and Media.

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