Carve-outs, business units and complex industrial perimeters.
FINCAV supports the assessment and preparation of transactions where assets, people, contracts, processes and operating continuity must be read as a coherent industrial perimeter.
When the transaction object is not a stand-alone company.
In carve-outs, the critical point is not only price, but the ability to define what is actually transferred, which dependencies remain and how continuity is ensured after closing.
Non-core divisions
Valorisation or separation of business units no longer central to the group or ownership strategy.
Assets and plants
Transactions involving production sites, machinery, people, contracts and industrial capacity.
Non-autonomous perimeters
Situations with shared services, common contracts, IT, administration, logistics or integrated governance.
Understand what is transferred and what is needed to make it work.
Industrial reading of the perimeter reduces uncertainty, improves negotiation quality and makes the project more credible to buyer, seller and specialised advisors.
- People, key roles and operating know-how.
- Customer and supplier contracts.
- Real estate, plants, machinery and inventory.
- IT systems, ERP, data and shared services.
- Authorisations, compliance and production continuity.
- Working capital, stock and service levels.
- Dependencies from the parent company or related parties.
- Potential TSA, transitional agreements and conditions precedent.
A clearer, negotiable and executable perimeter.
FINCAV helps transform a complex operating situation into a readable perimeter for the preliminary transaction phase.
Perimeter definition
Assets, contracts, people, processes and dependencies to include, exclude or address separately.
Operating issues
Elements that can affect continuity, autonomy, timing, price or transaction conditions.
Negotiation topics
Issues to reflect in NDA, LOI, conditions precedent, warranties or transitional agreements.
Post-closing priorities
Actions needed in the first months to make the perimeter autonomous, governable and industrially stable.
Operating expertise is part of the deal
In a carve-out, an unconvincing separation increases perceived risk, weakens negotiation and can compromise execution. Industrial assessment should therefore accompany financial and legal work from the preliminary phase.
Evaluate a complex industrial perimeter
For an initial discussion, please indicate perimeter type, assets involved, degree of autonomy and key operating dependencies.