Case study - Carve-out and four business unit split
In 2020 a global technology group sold its cyber security software business to a private equity buyer. The buyer split the company into four business units while changing ERP, and then faced severe delays exiting TSAs during Covid-19.
- Client
- A cyber security software company
- Service
- Divestiture
- Sector
- Technology
- Led by
- Richard Parry
- Year
- 2020
The task
Troubleshoot the TSA programme as interim executives: turn around the company's TSA exit from its former parent, and make sure the business unit split and ERP transformation landed cleanly at TSA exit.
What we did
- Covered all business and IT functions, interfacing with the private equity fund and with the seller, and stood up and ran a testing function.
- Took over the management of the transition service agreements on a failing programme and turned it around to exit before TSA expiry.
- Acted as senior advisors to the private equity owner, the company's functional executives, and the interface with the seller on TSA matters and exit.
- Built a detailed TSA exit plan setting out what had to transition, and in what order.
- Assessed the programme's capability and capacity weekly to guide decisions with the private equity owner.
- Delivered new infrastructure and moved four business units from one SAP instance to NetSuite, alongside a Salesforce migration and new cloud HRIS.
- Set up a testing capability to assess and report on difficult cross-programme issues.
- TSA exit
- Programme turnaround
- ERP separation
- Interim executives
- Business units moved off one SAP instance
- 4
- TSA exit
- Before expiry
Delivered by our team before atlanticma.ai. We show it for the experience it represents.