51% vs 100% Acquistion

Working on a potential deal, buyer wants to acquire certain assets of the target but not undergo full integration (target headcount is large, doesn't need certain parts of the biz, total upfront consideration too large), but splitting up the target is a no-go. Will a acquisition of controlling interest suffice in this scenario? My thought is you gain control of the assets you want to leverage, can dedicate all target's best talent there, recognize 100% of the revenue, and still let the rest of the biz operate.

Obviously privateco target with unsophisticated founder.

Any thoughts would be appreciated!

 

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