The carve-out (or partial sale of a company) is a particular challenge in the M&A environment. Individual parts or brands from a company or a group of companies have to be sold.
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 to be mentioned.