News & Insights
The hold period starts at close
Insight
Most carve-out separations succeed operationally. The business stands up. TSAs are exited. That used to be enough.
Where the carve-out premium went
Insight
Pre-2012, carve-outs averaged 3.0x MOIC against 1.8x for all buyouts. Today it's 1.5x, below the all-buyout average. Two things are happening at once.
$1.2 billion carve-out of Strada Global from Alight Solutions for H.I.G Capital
Transaction
Strada Global is a global provider of technology-enabled payroll, human capital management, and professional services