Carve-Outs

Our ability to deliver results rests on our deep carve-out experience and core expertise across three of the most common shared services: Accounting and Finance, IT, and Governance, Risk and Compliance. We deliver a coordinated cross-functional team that manages interdependencies and executes a timely separation. Our quality processes, tools and methodologies accelerate results.

Our Carve-Out Approach

We understand the critical nature of these transactions and have built our reputation guiding our clients through the accounting implications, technology issues, compliance and organizational change management considerations, as well as the potential challenges and pitfalls that are involved in these deals.

Managing the complexities and interdependencies of a carve-out is accomplished with the strong project governance provided by our seasoned Practice Directors and experienced consultants who are knowledgeable across multiple work streams in Accounting and Finance, IT, and Governance, Risk and Compliance. Our proven processes and clear guidelines help maintain business continuity.

Carve-Out Team

Our seasoned professionals work side by side with your internal team to ensure the carve-out activity is completed on time and within budget.

Carve-Out Solutions

We bring a wealth of knowledge and best practices to help you manage each phase of the carve-out. Below are just some of the areas in which we can help.

PROJECT PHASE
Pre Carve-out
Post Carve-out
FINANCE & ACCOUNTING
  • Carve-out financial analysis
  • Due diligence work in the areas of contractual obligations, liabilities, asset validation, etc.
  • Prepare stand alone financials for business segments
  • Purchase accounting
  • Financial forecasting and analysis for the resulting entity
  • Interpretation of limited accounting guidance
  • Provide back-fill or additional SMEs
  • Map existing systems and processes; identify gaps
  • Identify best practices and implementation and training across the new organization
  • Support external audits
  • Rationalize footnote disclosures
  • Management and regulatory reporting
  • Map and test data
  • Develop existing budgets and strategic planning
  • Prepare supporting documentation for business valuation
  • Provide interim finance & accounting management or senior staff
GOVERNANCE, RISK AND COMPLIANCE
  • Ensure company has a standard process to follow to identify targets & ensure process is followed
  • Assess control environment/compliance issues outstanding at target
  • Participate in due diligence, ensure appropriate due diligence is performed in other areas
  • Ensure measurements are identified to show success of deal
  • Identify possible compliance issues at target
  • Provide back-fill or additional SMEs
  • Audit the timeline of targets set by other parts of the organization in moving toward the “to be”
  • Audit expected efficiencies and dollar savings or revenue gains
  • Update risk universe and assessment for new organization
  • Consolidate audit and compliance staffs, approaches, materiality levels
  • Ensure compliance processes at newly acquired parts of business meet standards
  • Follow up on any control weaknesses identified during due diligence process
  • Provide interim governance, risk & compliance management or senior staff
INFORMATION TECHNOLOGY
  • Review and document business processes
  • Preliminary assessments of existing systems
  • IT strategic planning and project management
  • Provide back-fill or additional SMEs
  • Define business requirements
  • Provide IT resources or projects teams including Project and Program Managers, Business Analyst and “end-to-end Business Leads”
  • Prepare implementation plan
  • Application integration, interfaces and data conversion
  • Database and data warehousing
  • Change management, training and documentation
  • Ad-hoc reporting and documentation
  • Risk assessment and disaster recovery planning
  • Revise policies and procedures
  • Review security and controls
  • Process mapping and rationalization
  • Quality assurance and testing
  • Provide interim information management or senior staff
BUSINESS TRANSFORMATION
  • Impact analysis
  • Change management and communication plans
  • Talent optimization
  • Change management and communication plans
  • Stakeholder management
  • Executive search