The carve-out (or partial sale of a company) represents a special challenge in the M&A environment. Individual parts or brands are sold out of a company or a group of companies.
The value of the part of the company or the brand, for example, is problematic, which is difficult for the investor to measure. Operational spin-offs of business units represent a particular challenge. In particular, the decoupling from existing systems (IT), the separation of employees and the transfer of business are worthy of special mention.