Liberty’s M&A practice provided a broad spectrum of services including due diligence, separation, carve out and integration management to a global eCommerce client as they divested a business that was subsequently divided and sold off to multiple buyers.

Multiple private equity buyers were targeting to acquire a $1B subsidiary of a Fortune 500 global eCommerce and B2B/B2C sales services provider. Given the highly complicated nature of the deal, including a carve-out of the subsidiary, carve-up of the company to several primary & secondary buyers, and an integration into an existing portfolio company, the buyers required assistance in executing a rapid IT due diligence, managing the pre-close IT separation planning, & executing the post-close integration activities.

Liberty conducted a comprehensive IT due diligence to identify risks, evaluate opportunities, and provide opinions on both customer-facing and back-office capabilities across the organization. Working closely with the private equity buyers, target company leads, and the IMO to plan and manage critical pre-close Day One readiness activities, our team was able to assist in delivering a successful carve out. A sample of services provided to the client include: cross-IT impact analysis, application & connectivity testing, commercial negotiations with vendors, legal day one cutover execution, and war room management.

Liberty’s guidance and active role as the IT Integration Lead helped to mitigate pre-close carve-out risk with the parent company, enabled a seamless separation of the subsidiary across the buyers, and established the standalone IT capabilities and framework for the new companies. Key achievements delivered: