A flexible tool for strategic transformation
One of the most challenging parts of doing a divestment is knowing that you can. Carve-outs are an important strategic tool for companies seeking to sharpen focus and unlock value. However, while there are many businesses with non-core divisions ripe for such deals, it takes a combination of strategic determination and some imagination for them to succeed.
Alantra has supported 62 carve-out deals in the last 5 years with a total deal value of €6.6bn by leveraging its global reach and sector expertise to identify opportunities, sometimes even before vendors had thought about selling. Much of that value and transaction volume came from large corporates’ exiting divisions that have become non-core or a pool of assets.
Download the full report here-
No two carve-outs are the same
Unlike outright sales, carve-outs can be tailored to accommodate portfolio optimization, market consolidation strategies, or public company repositioning, each requiring different structural approaches and stakeholder considerations.
-
An Advisor-Led Approach to Divestment
The advisor’s role can make or break this type of deal as they often require more in-depth analysis of a buyer’s rationale and potential synergies than other deals in order to extract maximum value.
-
Value of deep relationships
For external advisors, knowing the target business well and having a long-term relationship with the firm’s management are important contributors to any deal’s success.
Recent transactions in this space include:
-
Jan 2026
Buy-side advisory
Value c.US$700mnJan 2026SECTOR Business ServicesService M&AValue c.US$700mn -
Sep 2025
Buy-side advisory
Value $215mnSep 2025SECTOR IndustrialsService M&AValue $215mn -
Jul 2025
Sell-side advisory
Jul 2025SECTOR EnergyService M&A -
Mar 2026
Sell-side advisory
Mar 2026SECTOR Consumer Goods & RetailService M&A -
Jul 2025
Sell-side advisory
Jul 2025SECTOR EnergyService M&A -
Jan 2025
Sell-side advisory
Jan 2025SECTOR Business ServicesService M&A -
Mar 2025
Sell-side advisory
Mar 2025SECTOR TechnologyService M&A -
Oct 2024
Sell-side Advisory
Oct 2024SECTOR Industrials; Aerospace & DefenseService M&A