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      Solution

      Divestitures and Spin-offs

      Divestitures and Spin-offs

      Minimize risk, maximize value, and leave separated businesses better than when they started.

      Our Experience & Impact

      700
      projects completed
      50-75%
      greater sale prices for assets compared with internal targets
      20%
      more shareholder value in the first two years compared to average

      Our research finds that 50% of companies pursuing a separation fail to create any new shareholder value two years down the road, and 25% destroy a significant amount of shareholder value in the process. 

      Our divestiture consultants take you well beyond a successful Day One. We tailor our approach based on a detailed understanding of your business and key value drivers. By helping you craft a strong separation thesis that clearly defines your equity story, target financials, asset perimeter, and program design, we create a strategic, sustainable roadmap to value creation.

      We work closely with your leadership to embed new M&A capabilities—helping you sustain the value you achieve. From preparing assets for sale and minimizing the risk of complex carve-outs to shaping the remaining business to succeed, our customized program creates 20% more combined equity value two years post-spin-off than the average. Beyond achieving the highest possible value, we ensure a longer-term reward: thriving standalone businesses. 

      Global M&A Report 2026

      How reinvention sparked the great M&A rebound.

      Read more

      Our Client Results

      Case study

      A Strategic Separation Enables New Growth for GSK and Haleon
      A complex demerger defied the odds, coming in on time, on budget, and crisis free.

      Case study

      Divestiture adds value to parent, subsidiary
      Bain recommended that a manufacturer spin itself off from its large industrial parent, which increased the parent company's market capitalization by $500 million.
      See more

      Our Insights on Divestitures

      M&A Strategy
      Few Corporate Spinoffs Deliver Value
      Here’s what the best-performing ones do differently.
      Harvard Business Review
      M&A Strategy
      Consumer Products M&A
      In their quest for profitable growth, more companies are divesting brands or buying insurgents.
      M&A Report
      You’ve Decided to Buy a Carved-Out Business. Now What?
      Too many buyers overlook the fundamental rules of success.
      Brief
      Five Steps for Successful Divestitures
      Use divestitures to reset the remaining company and increase shareholder value.
      Brief
      See more

      Our Divestiture Consultants

      Headshot of Ben Siegal

      Ben Siegal Partner Boston

      Headshot of Jeff Haxer

      Jeff Haxer Partner Chicago

      Headshot of Sam Rovit

      Sam Rovit Partner Chicago

      Headshot of Elizabeth Trenkle

      Elizabeth Trenkle Partner New York

      Headshot of Kai Grass

      Kai Grass Partner Dusseldorf

      Headshot of Karima Porter

      Karima Porter Partner Los Angeles

      Headshot of Marc Jeker

      Marc Jeker Partner Zurich

      Headshot of Michael Parshley

      Michael Parshley Partner Boston

      See more

      Related Offerings

      M&A Strategy

      M&A Strategy

      Your M&A strategy should be a logical extension of your growth strategy, and should be based on a disciplined and repeatable model that supports frequent, ever larger deals. 

      Read more

      M&A Capability

      M&A Capability

      To achieve strong growth through M&A it's imperative to develop a repeatable model based on four key disciplines. Success rates double when you master these critical capabilities. 

      Read more

      M&A Due Diligence

      M&A Due Diligence

      Make better investment decisions with thorough diligence—leveraging proprietary insights to bid confidently and competitively.

      Read more

      Post-merger Integration

      Post-merger Integration

      A unique approach that unlocks value beyond your expectations.

      Read more

      M&A Tools

      M&A Tools

      Signal℠ is one of our leading-edge tools that accelerates your results.

      Read more

      Joint Ventures and Alliances

      Joint Ventures and Alliances

      Joint ventures and alliances can be an excellent way to boost inorganic growth. We work closely with you to maximize the value of such arrangements, and build the internal capabilities you need to manage them to full potential.

      Read more

      Want to continue the conversation

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