Iconic Carve Out/Spin Off Case studies
Does anyone know of any super high-profile carve-outs and spinoffs that I can read about and educate myself on? Would appreciate anything, ones that created value for both, destroyed value for both, and helped one stock price and hurt the other. Thanks in advance!
Googling should get you some answers...
Here is one that is ongoing https://pitchbook.com/news/articles/spinoff-uncertainty-turns-bausch-he…
Longboard Pharma spin out of Arena Pharma is a success story. A lot of big pharma's have split off their consumer healthcare units, googling should help you find those.
Ok yea thanks for being nice too instead of just telling me to google it lol.
Ik abt J&J and Kenvue just curious if there were other high-profile ones with F500 type companies
Novartis Sandoz
GSK
Pfizer
have all done consumer group divestitures
Oh huge success—Abbott => AbbVie
Not a specific deal but mckinsey has a (very qualitative) primer on carveouts from last year thats a good read if interested https://www.mckinsey.com/capabilities/strategy-and-corporate-finance/ou…
Also Apollo seems to be rly into carveouts lately - bid for paramounts studio business and just carved out credit suisse securitized products business today
Boston Market carveout from McDonalds to Sun Capital for value destroyed.
https://qz.com/boston-market-timeline-openings-closings-locations-2024-…
Thanks for sharing, I went down the rabbithole on this one. The owner is a character....
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