Carve-Outs: The New Darling Of M&A?
by Accenture
Last year, Philips NV accepted an offer from private-equity firms to purchase a majority stake in its lighting components and automotive-lighting operations for $2.8 billion. A year before, Mondelēz International sold its coffee business to JAB Holding Co., pocketing a tidy $5 billion in cash. Several years earlier, BP sold its petrochemicals business for $9 billion in cash — as much as $2 billion more than Wall Street analysts had expected. […] Read more
