Mergers & Acquisitions
Fortune 500 Global eCommerce Company | Complex Carve Out
Liberty was proud to accept the 2016 M&A Atlas Awards – Deal of the Year for Large Mid Market for its work guiding a global eCommerce company through a complex divestiture.
Impact At A Glance
Additional Synergy Savings Identified
Negotiated Favorable Terms and Fees
Across 27 different Finance & HR solution providers
Lead Post-close IT Strategy Projects
Including, data center migration, identity & access management, and Salesforce migration
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.
The Business Problem
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:
Identifying key opportunities and risks across several IT domains, including: business applications, infrastructure, technology personnel resources, technology spending and IT management practices of the company
Managing critical pre-close separation application & access testing across all buyers
Successful Legal Day One technical cutover without major disruption to customers, vendors, or employees
Identifying 10% synergy opportunities within IT Tech Ops organization to be realized as part of the portfolio company integration
Negotiating favorable terms and fees across 27 different Finance & HR solution providers, including: SAP, Workday, ADP, Hewitt, Concur, etc.
Leading critical post-close IT strategy projects including: data center migration, identity & access management, and Salesforce migration
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