Implementing a successful divestiture is one of the most demanding and complex initiatives an organization can undertake. As senior executives increasingly refine and focus their business portfolio, they are challenged with the task of how to effectively divest.
Our Divesting for Value series looks at effective divestiture planning, how to develop repeatable and efficient processes and explores how operational separation and carve-out financials can help drive value in divestitures.
Down load the entire report or one of the chapters in this series:Divesting for value in a buyers’ market 1 - Proactive portfolio management (pdf, 84.8kb) 2 - Transaction strategy (pdf, 126.2kb) 3 - Carve-out financial statements (pdf, 126.6kb) 4 - Due Diligence (pdf, 80.9kb) 5 - Tax issues and consequences (pdf, 94.4kb) 6 - Operational preparedness (pdf, 103.6kb) 7 - Effective sell-side management (pdf, 116.8kb) 8 - Measurement (pdf, 164.3kb) 9 - Complete report
Thought leadershipDivestitures and eroding deal valuationWhen it comes to a divestiture, nothing erodes deal valuation like the failure to address and maintain the quality of day-to-day business operations. “The heart of divestiture value: Relentless focus on operations” provides eight fundamental insights for managing operations through four principal phases of divestiture, including pre-signing, pre-closing, stabilization and the ultimate independence of the divested entity. Complete a short request form to get your copy now.
First principles: a practical approach to carve-out financial statementsIn the heat of a divestiture, financial statements might seem like a good place to cut corners. But that choice can become gravely expensive in the long run. Thorough carve-out financial statements can translate into significantly better pricing. Read “First principles: a practical approach to carve-out financial statements” to help your organization plan and achieve the needed quality in your divestiture’s financial statements.
WebcastsDivesting in turbulent times: preparation drives valueIn the face of the economic downturn many large companies are considering divestments. Liquidity and solvency needs are driving organizations to sell non-core and underperforming businesses. To read more about this webcast and to view the webcast archive, click here.
Divesting for value: strengthening capabilities from strategy through executionImplementing a successful divestiture has always been more demanding than completing an acquisition. Selling has become even more complicated in today’s uncertain financial market. At a time when buyers face less competition and scrutinize deals more carefully than ever, this third webcast in the Ernst & Young Divesting for value series addresses how companies need to re-examine their strategies to the entire transaction lifecycle in response to the current environment. Click here for more information and to view the webcast archive.
Divesting for value: carve-out financial statements and operational separationImplementing a successful divestiture is one of the most demanding and complex initiatives an organization can undertake. This second Webcast in our Divesting for Value series focuses on two essential elements: preparing robust audited and stand-alone financial statements, and executing a smooth operational separation of the business. Click here for more information and to view the webcast arvchive.
Don’t just get rid of it: a strategic and tactical guide to creating value through divestituresCompanies have invested heavily in their Corporate Development function, creating organizations of world-class acquirers. And in today's headline driven economy, multi-billion dollar acquisitions seem to grab much attention. But, as senior executives increasingly refine and focus their business portfolio, they are now challenged with the task of how to effectively divest. While the impulse may be to "just get rid of" a non-performing or non-core business, in fact, it may not be the best strategy. Click here for more information and to view the webcast archive.
