Carve-Outs and Divestitures Services

Refocusing to preserve and enhance value

End-to-End Support for Strategic Carve-Outs and Divestitures 


Dynamic market conditions are creating new headwinds and tailwinds across organizations. Whether you have an underperforming business unit that’s presenting an opportunity to redirect resources elsewhere, or you’re seeing an overperforming unit that merits additional investment through strategic refocus, a carve-out or divestiture may be the right move. BDO’s Carve-Out and Divestiture services work with you to assess the opportunity — including strategies to handle unforeseen issues and detailed modeling of potential value — and then engages through the entire process, developing a divestiture approach customized to your business goals.  

This end-to-end approach — from due diligence and carve-out planning through execution and Day 1 readiness — is a key differentiator of our offering. Like our work on the M&A consulting side, it is informed by our professionals’ deep cross-sector experience in assisting clients with different areas throughout the divestiture process, including the development of stand-alone cost models, defining Transition Services Agreements (TSAs) and minimizing or eliminating stranded costs.  

Our key services include: 

  • Carve-Out Management Office (CMO) and Program Management Office (PMO) 
  • Carve-out planning and execution 
  • Culture, change management and communication 
  • Development of carve-out strategy 
  • Day 1 readiness  

How BDO Can Help

Select Transactions

Provided buy-side financial and tax due diligence to National Partners in Healthcare Holdings in its acquisition of Arizona Heart Anesthesia, PLLC.

Provided buy-side financial and tax due diligence services to Affinitiv as part of its investment in Auto Loop LLC.

Provided sell-side financial due diligence to RKD Group in its sale to BV Investment Partners.

Provided buy-side financial and tax due diligence services to CECO Environmental Corp. in its acquisition of General Rubber Corporation.

Provided buy-side financial due diligence services to Cuadrilla Capital, LLC in support of its acquisition of Agilence, Inc.

Provided buy-side financial due diligence services to LLR Partners in their acquisition of Affinity Hospice Holdings.

Provided buy-side financial and tax due diligence services to Option Care Health in its acquisition of Specialty Pharmacy Nursing Network, Inc.

Provided buy-side financial and tax due diligence services to Kelso & Company in support of its acquisition of Rhino Container, Inc. via its portfolio company Novvia Group.

Provided sell-side tax due diligence services to Global IID Holdco, LLC and its subsidiaries, including 1A Smart Start, LLC in it its sale to Apollo Global Management.

Provided buy-side financial and tax due diligence services to Worthington Industries in its acquisition of Level5 Tools, LLC.

​Provided buy-side financial and tax due diligence to CIP Capital in relation to its investment in People2.0 Global, LP.

​Provided sell-side financial due diligence to CIP Capital in its sale of OnCourse Learning Corporation to Bertelsmann Education Group.

Solutions

IPO Readiness

BDO professionals have deep experience working with high-growth companies and private equity firms and can help navigate how to go public through the traditional IPO, SPAC or other exit process.

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Investment banking products and services within the United States are offered exclusively through BDO Capital Advisors, LLC, a separate legal entity and affiliated company of BDO USA, P.C., a Virginia professional corporation. For more information, visit www.bdocap.com. Certain services may not be available to attest clients under the rules and regulations of public accounting. BDO Capital Advisors, LLC Member FINRA/SIPC.

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