Global carve-out transaction volumes are rising year-on-year
as companies look for portfolio optimisation amid growing
pressures to perform, according to sources.
Recently published analysis by Baker McKenzie suggests that
carve-outs now account for around 10% of global M&A.
Carve-outs offer good value to enterprises looking to shed
non-core assets, as well as those opportunist portfolio
builders making the acquisitions. The proportion of carve-out
deals as a percentage of all divestments has also grown
significantly every year since 2009, according to the
Sarkis Jebejian, corporate partner at Kirkland & Ellis,
said that the rise is a continuation of a broader trend that
has been prevalent for some time. For both internal and
external reasons, larger corporates have taken steps to
proactively look at their portfolios and businesses, and make
Carve-outs are just one way that this trend manifests
itself, he said, suggesting that standalone spin-offs...