Case Studies

Divestiture / Carve-out

Background

A private equity owned commercial bakery products business, with global operations, identifies the potential to unlock value through the divestiture of a $1bn revenue business, which represents one-third of consolidated revenue.  Paradigm is engaged to perform the carve-out, prepare for and support a two year carve-out audit, and work with the company’s external sell-side due diligence team.

Solutions

  • Created multi-year carve-out models
  • Responsible for all carve-out adjustments, including methodologies and supporting calculations
  • Prepared consolidated financial statements and footnote disclosures
  • Developed carve-out tax provision and supported through audit
  • Provided carve-out audit support for multi-year audits

Outcomes

Paradigm’s ownership of the carve-out allows management to focus on operating the business and supporting the sale process.  The carve-out financial statements and supporting models advance through external audit efficiently, allow the Company to obtain staple financing, ensure deal timelines are achieved, and result in a successful divestiture.

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