Divestitures and Spin-Offs: Lessons Learned in the Trenches of the Worlds Large [Hardcover]

The world of M&A has always been complex and nuanced. Corporations encounter their toughest business problems during a divestiture or a merger. At the same time, optimal execution of divestitures can also create high value for the seller as well as the buyer. This book is a collection of leading practices on Divestitures and covers end to end transaction life cycle from readiness through execution including post deal transformation. It contains the synthesis of experiences across a wide array of clients across industries, ranging from $500 million to $100 billion in revenue.

Each chapter in this book can stand on its own as an authority on leading practices related to the topic it presents, and together, these chapters provide a comprehensive set of perspectives needed to successfully complete a divestiture. The highlight of the book is valuable real-life examples and references that a business can benefit from, when it is considering, analyzing or implementing a divestiture.

Chapter 1. Preface.- Chapter 2. Taming the Elephant - Introduction to Divestitures.- Chapter 3. Being a Prepared Seller and Identifying the Right Buyer.- Chapter 4. Upping the Ante  Enhancing Deal Value.- Chapter 5. Defining the Deal Timeline  Balancing Legal, HR, IT and Finance.- Chapter 6. Slicing the Pie - Asset Allocation in Divestiture.- Chapter 7. Financial Aspects of Carve-Out.- Chapter 8. Clean Financial Separation.- Chapter 9. Building the Arsenal - Setting up an Effective Separation Team and Governance.- Chapter 10. Working under the Tent  Confidentiality and Restricted Information Disclosure.- Chapter 11. Getting Ready for Announcement  Kickoff Planning.- Chapter 12. Building the Execution Roadmap.- Chapter 13. Managing the People Side of Divestiture - Retention and Motivation.- Chapter 14. Shaking Things Up  Reorganizing.- Chapter 15. Legal Entity Operating Structure.- Chapter 16. Managing Banking and Treasury ImplilC,