M&A, Carve-out and Divestment

ORGANISATION

• Global Fire protection company (NYSE Fortune -500)- $10b, 69000FTEs, in 50 countries
  • region EMEA for carve-out – $250m

project SCOPE

• carve out of the non-key businesses to be able focus on key markets

project GEOGRAPHY

EUROPE
Sweden, Norway, Finland, Denmark, Poland, Czech, Hungary, Greece, France, Spain, Benelux

FINDINGS

• 12 Legal Entities in different countries, to be disposed,
• poor knowledge about the divestment process
• not completed turnaround project

CHALLENGES

• 12 Legal Entities in Europe
• Management disoriented
• Employee Impact
• Tax complexity
• Time Pressure
• Negotiation complexity
• Not good time for divesting
• not completed turnaround

ACTIONS

• Assets and Business Units identification to operate independently.
• future Legal Entities structure prep.
• future P&L and CF assessment
• real separation & assets transfer
• assistance after completion
• finding investors/data room
• restructuring/increase attractiveness
• actual transaction
• assisting entities until transition completion

EXPERTISE APPLIED

Risk Managment

• risk identification and evaluation
• promoting risk approach culture

Strategic Planning and Vision

• Understanding the strategic rationale behind the carve-out,
• setting clear objectives,
• aligning the objectives with the overall business strategy

Change management

• addressing staff concerns,
• facilitating cultural alignment
• operational processes streamlining

Project management

• proper process planning
• roadmaps preparation and execution
• efficient resources allocation

DOWNLOAD FILE

M&A – Region carve-out and divestment (pdf) – less than 1MB

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