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M&A / Carve-out expert

We plan your M&A / carve-out process in practice

Successful M&A / carve-out support requires a clear plan that is put into practice step by step. It begins within the existing company as a whole with the identification and delimitation of the relevant areas in the target company. A new legal entity is then created from the defined parts of the target, while at the same time ensuring business continuity. This is the prerequisite for the third step, the implementation and commencement of operations in the newly founded company. Finally, there is a complete separation from the parent company and finalization of the target’s independence. PKF IVT is the competent and practice-oriented partner at your side in all steps. Our many years of M&A / carve-out support will lead you successfully to the goal of transformation.

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Our Finance Advisory Services

Project Management Office Carve-out Services

  • Management of the relevant M&A and carve-out activities
    • Project management, process management, country coordination and communication management along the carve-out process
    • Preparation of reports, (country-specific) timelines and legal contract annexes
    • Recording, validation and tracking of all contracts to be allocated to the business along the separation process
    • Legal transfer of recorded contracts to newly established companies
    • Creation of transfer status reports
    • Determining and guaranteeing the service requirements of the parent company to the newly founded companies during the transition phase
    • Building up own capacities and service provision
    • Preparation of impact analyses and simulations
    • Reporting and monitoring the transfer status during the entire M&A / carve-out process
    • Data collection of all assets and liabilities of a unit to be spun off, taking into account the respective country-specific transfer agreement
    • Plausibility check of the balance sheet values and coordination with the central functions
    • Coordination of the future design of the accounting area (e.g. ERP systems and their subsystems) after the spin-off

    Financial Carve-out Services

    • Determination of the value and purchase price including coordination with all relevant stakeholders in the M&A environment
    • Purchase price allocation by country and local unit
    • Ensuring the completeness and transparency of the prepared carve-out financial statements via financial data aggregation
    • Uniform structuring and precise allocation of units and sub-functions to be carved out
    • Monitoring the costs of a carve-out process
    • Determination of all accounting parameters of the carve-out costs and determination of regular over- or under-recoveries of the budget
      • Erstellung von Vorgaben für die Erstellung des Business Plans
      • Technische Umsetzung mit Hilfe eines integrierten Planungstools
    • Aufbereitung des finalen Business Plans
    • Ongoing analysis of the business development of the affected business during the entire M&A / carve-out process
    • Ongoing analysis of the impact of contractual provisions on the purchase price

    Stand-alone support

    • Introduction of new processes and structures in the finance area after stand-alone
    • Creation of the first project plan and preparation and finalization of the first published consolidated financial statements and annual reports
    • Development and implementation of accounting guidelines
    • Operational support for accounting challenges
    • Support with all legal and tax issues
    • Minimization of legal transaction risks along the carve-out process
    • Precise planning and tax structuring in advance is a prerequisite for a smooth and legally secure start to stand-alone operations
    • Selection and implementation of CPM software for planning and consolidating the carve-out
    • Ensuring the go-live of the ERP system on the stand-alone date
    • Ongoing support of the software solutions by experienced team members
    • Analysis and concept phase
    • Software selection phase
    • Implementation phase
    • Integration test and trial completion phase
    • IT infrastructure
    • Keep-it-simple-and-stupid (KISS) approach to optimize the use of time and resources

    Our successfully completed M&A / carve-out transactions

    One of the key success factors for a carve-out is experience in practical implementation. It goes without saying that every M&A transformation process is unique, especially when it comes to the details – which makes it all the more important that our teams of experts have access to practical experience in a wide range of industries (e.g. automotive, energy, medical, wind power, mobility, transportation, chemicals, logistics and technology) – both nationally and globally. At PKF IVT, you can always rely on this valuable M&A industry experience to ensure that your carve-out transaction is implemented quickly and successfully with our support.

    Your contact partners

    Sebastian Wohldorf

    Partner

      089 290 32-0
      kontakt@pkfivt.de

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