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Separations and IPOs Insights

A collection of insights focused on Separations & IPOs
Article

Through a different lens: A McKinsey perspective on separations

– To succeed, companies need to view divestitures in a way that goes beyond the traditional M&A approaches.

On Portfolio Management

Article - McKinsey Quarterly

Why you’ve got to put your portfolio on the move

– We analyzed hundreds of companies, worldwide, across a decade-long business cycle. The conclusion? Winners change their business mix, year after year. Laggards sit still.
Podcast

Active portfolio management: Interview with Andy West

– Senior partner Andy West discusses the latest trends in M&A in light of several recent high-profile divestitures.
Article

Understanding how US tax reform will affect divestitures

– Lower rates will motivate companies to consider selling assets that lack scale for spinning off, and will make some complex deal structures less attractive.
Article

Should assessing financial similarity be part of your corporate portfolio strategy?

– Businesses with different financial profiles can tax managers and put performance at risk. When divesting isn’t an option, here’s how to manage the conflicts.

On Deciding to Divest

Article - McKinsey Quarterly

When bigger isn’t always better

– The recent spate of spin-off announcements reveals the limits of diversification as well as some of the potential value-creating benefits of separations.
Podcast

Agile business portfolio management

– Companies that regularly refresh their portfolios tend to outperform, but deciding when and how to divest a business may be the most challenging part of M&A.
Article

Divesting with agility

– Research shows that active, efficient reallocation of resources creates better returns for companies than simply standing pat does. Here’s how to make portfolio decisions faster.
Article

What’s keeping you from divesting?

– Active portfolio management can create significant competitive advantages. Still, executives routinely shy away from separations. Here are six common roadblocks and some tips for breaking through.

On Executing Divestitures

Article

Fix them first: Executing regulation-driven separations

– A better understanding of the remedies that antitrust regulators may hand down in a large merger or acquisition could help executives improve their management of such deals.
Article

Achieving win-win spin-offs

– By acknowledging and addressing four factors relating to execution and operations, ParentCo can separate from SpinCo in a way that creates value for both.
Article

Three degrees of separation: How to successfully execute divestitures

– The seller’s focus on three key interrelated activities—defining, marketing, and disentangling—can help expedite the transfer of divested assets and increase total deal value.
Article

Through a different lens: A McKinsey perspective on separations

– To succeed, companies need to view divestitures in a way that goes beyond the traditional M&A approaches.

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