Sell and separate

Enabling strategic portfolio management and better divestments that help you improve value from the sale of an entire company, carve-out, spin-off or joint venture. Our strategic portfolio management advice helps you decide what and when to monetize. We execute across the entire divestiture life cycle, including strategy, separation and stabilization upon deal closing.

What EY can do for you

We offer the support you need to help achieve your divestment objectives.

Our diverse divestiture teams help deliver full value from a divestiture, whether you are a corporate or a private equity fund, as we help you limit disruption, manage remaining cost structures and allow you to focus on future inclusive growth.

We help enable management to craft the value story and deal model, market the business to buyers, optimize tax attributes to buyer and seller, prepare carve-out financials and develop operational separation plans.

We offer deep insight to help you get answers:

  • What should I sell to reposition my business in the market?
  • How can I sell assets at optimal prices?
  • How can I optimize my divestment strategy to raise capital for future investments?
  • How can I sell non-core assets to preserve capital and help digitally transform my business?
  • We help clients assess their portfolio of assets, including strategic fit, underlying value, and contribution to the overall business and transaction alternatives.

  • We prepare financial, tax, HR and operational information based on the understanding of the buyers’ needs and priorities with the use of advanced analytics — the transformation of strategic, financial or operational algorithms combined with complex data sets into information, facilitating better, faster and more decisive actions.

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  • We help you unlock the power of big data to support your capital allocation strategies at speed and scale.

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  • We help you develop a compelling equity story for buyers and determine valuation.

  • We help you understand the tax position and tax structuring alternatives to increase after-tax proceeds.

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  • We assist with technical carve-out financial statement matters and support the audit process by assisting with U.S. Securities and Exchange Commission (SEC) reporting matters and regulatory filings, and bridging the audited financial statements to the deal-basis financial statements.

  • We help prepare management for interaction with bidders and develop fact-based positions for purchase price adjustments, closing schedules and transition service agreements.

  • We develop a separation road map for key functions, including finance, HR, accounting and IT, considering regulatory requirements and tax planning.

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  • We provide rapid assessment of financial, tax and operational risks and the critical considerations for day-one readiness, including employee, customer and supplier retention, IT, and infrastructure.

  • We help you manage the remaining cost structure so you can focus on future growth, including opportunities to invest in the core business, reduce leverage and improve working capital.

Find out more about our Divestiture Advisory Services.

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How can divestments fuel your future growth?

Read how to help maximize shareholder value in our 2018 Global Corporate Divestment Study.

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Contact us

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