Service Offering
Separation & Carve-Out
Whether you're divesting a business unit, spinning off a division, or conducting a carve-out, untangling complex business operations demands a deep understanding of how interconnected systems, processes, and people can be separated without destroying value. Catalant connects you with Experts who have led transformative divestments at global consulting firms and executed corporate carve-outs from the inside. This keen understanding helps organizations realize full value optimization through:
Approach
Separation Strategies Designed for Impact
01
Separation Diligence & Planning
We lay the groundwork for a successful separation by conducting comprehensive separation readiness assessments. This includes targeted stand-alone operating model design and costing, stranded cost analysis, TSA planning, and Day 1 readiness definition. A PMO is established to drive governance, decision-making, and milestone tracking.
02
Carve-out Execution Support
Catalant manages the transfer of in-scope assets—including people, processes, systems, and contracts—to the standalone entity or buyer. We operationalize TSA support, ensure organizational restructuring aligns with strategic goals, and deliver transparent communication plans to maintain stakeholder confidence.
03
Post-Close Stabilization
Handling all aspects of TSA management and governance, we finalize TSA exit plans and transition away from TSA support. We execute stranded cost plans aligned to TSA exit and conduct lessons-learned workshops to refine processes and support leaders in embedding new practices and behaviors to sustain value creation.
Winning Together
Separation In Action
Problem
An insurance company preparing to transition into a standalone entity needed to improve its Third Party Oversight (TPO) process to mitigate business risks.
Action
We remediated existing third parties in Phase 1, then developed and deployed a centralized TPO documentation repository with a comprehensive checklist and search functionality in Phase 2, along with training materials.
Results
The TPO process was strengthened, ensuring compliance, minimizing risks, and providing the client with an efficient, sustainable oversight system for future operations.
Global Industrials Business Unit Separation
A business unit of a global industrials company utilized a Catalant business separation project manager to manage, monitor and communicate the separation and stand activities in anticipation of divesting the business. Over 38 weeks, the Expert mobilized a team, developed the separation roadmap and workplans, and executed against them to successfully stand up and spin the divestiture.
PE Firm PMO for Carve-Out
A leading PE firm needed a PMO to guide a large carve-out, from playbook creation to execution. Working closely with firm leadership and the leadership at the carve out, the Catalant Expert ensured completion of all identified workstreams and developed artifacts to support the PMO function, providing regular updates for senior leadership.
Our Experts
Featured Separation Experts
Yvonne G.
Ex-FTI partner, EY Parthenon, expert in mid- and large-scale deals
CF Transactions Carve-Outs Co-Leader at FTI, built out the carve-out service offering.
Myles M.
Ex-Deloitte M&A leader, 30+ deals, buy & sell side
Specializes in guiding organizations through complex separations, carve-outs, divestitures, and TSA support to ensure operational continuity and maximize value.
Eric P.
Ex-Altman Solon, former Head of Strategy at Nuance Communications
Specializes in private equity and public market transaction support from pipeline development to post-merger integration.
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