Business case
Our client, a major operator in distribution (press, collectibles, small retail items) and retail (airport stores and speciality shops) in Spain, was selling its distribution business internally.
The carve-out process resulted in the smooth transfer of the distribution business to a new subsidiary of the group. Our work culminated in clarifying the company’s accounting procedures and ensuring that it was prepared to manage its accounting operations successfully in the future.
We were appointed to assist in the carve-out of the distribution business, including preparing a valuation of the carved-out business. First, we identified which assets and liabilities should be transferred for the carve-out, and then we coordinated the internal teams in order to achieve its execution.