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      Private Equity International

      Making a Success of Corporate Carve-outs

      Making a Success of Corporate Carve-outs

      PE-backed carve-out deals can still deliver, but it takes disciplined operational value creation to make them work.

      By Greg Schooley, Ben Siegal, and Colleen von Eckartsberg

      • min read
      Making a Success of Corporate Carve-outs
      en
      Authors
      • Headshot of Greg Schooley
        Greg Schooley
        Partner, New York
      • Headshot of Ben Siegal
        Ben Siegal
        Partner, Boston
      • Headshot of Colleen von Eckartsberg
        Colleen von Eckartsberg
        Partner, San Francisco
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      We ask the co-CEO of Gryphon Investors how he spotted one of the harshest cycles in the industry’s history and when he thinks it may finally break.

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      What Kind of AI Cycle Are We Actually In?

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      PE-Backed Carve-Outs Used to Be Reliable Winners. So What Happened?

      Top-tier deals still deliver, but the average carve-out lags. Here’s how the best funds continue to win.

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      Macro Update: What Could Derail 2026?

      Bain’s leading macroeconomic expert examines the cracks beneath the surface of the US market and how investors should prepare for post-globalization realities.

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      First published in octubre 2025
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