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?
  • Portfolio strategy, optimization and management

    We help clients assess their portfolio of assets, including strategic fit, underlying value, and contribution to the overall business and transaction alternatives.

  • Fairness opinions

    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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  • Presale diligence

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

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  • Transaction analytics

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

  • Equity story development

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

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  • Tax structuring

    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.

  • Preparation of deal basis and auditable financials

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

  • Negotiation and execution

    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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  • Operational separation planning

    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.

  • Readiness assessment and day-one planning

    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.

  • Improvement of the remaining business

    An independent fairness opinion can help the board mitigate risk by augmenting its transaction review process, strengthening its fiduciary oversight and protecting shareholder value. Learn more

For the second consecutive year, EY is ranked a Leader in Divestitures Consulting and Top Ranked in Breadth of Services by analyst firm ALM Intelligence, December 2018 and 2019. 

Find out more about our Divestiture Advisory Services.  Learn more

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