Mergers & Acquisitions
Carve-out private equity: how to prepare a non-core division for sale
Average carve-out returns have fallen below the buyout average. Sellers who evidence standalone cost and separation readiness will win the price. The report sets out the considerations and practical implications discussed in the article.
- Format
- PDF · 14 pages
- Published
- Published Oct 2026
- Article
- Read the article
What's inside
- 01Carve-outs are abundant, but the easy returns have gone
- 02Buyers now pay for upside they can verify, not for structure
- 03Europe is the deepest carve-out market, and the most contested
- 04Standalone cost is the number that sets the price
- 05The TSA is a pricing instrument, not an administrative schedule