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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

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.
Interview

Deciding to divest? Make your preparation time count

– LiveRamp President and CFO Warren Jenson explains how all the up-front work companies do on communications, planning, and analysis can boost the odds of success in separations.
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.
Article

A case for restructuring before spin-off

– Making big operational changes before spinning off assets can be daunting, but our research indicates that doing so can dramatically improve the odds of deal success.

On Executing Divestitures

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.
Article

Solving the carve-out conundrum

– Acquiring an asset that may remain entangled with its parent company poses a different level of complexity in assessing potential value. Due diligence on three critical challenges can help.
Article

Going, going, gone: A quicker way to divest assets

– Speedy separations create more value than those that lumber along, our research finds. Preparation is the key.

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