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  • Disinvestment

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    sudheer2011
    53 vizualizări10 pagini
    A partial selloff, also called slump sale, involves the sale of a business unit or plant of one firm to another. A demerger results in the transfer by a company of one or more of its undertakings to another company. An equity carveout, a parent company sells a portion of its equity in a wholly owned subsidiary.

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    A partial selloff, also called slump sale, involves the sale of a business unit or plant of one firm to another. A demerger results in the transfer by a company of one or more of its undertakings to another company. An equity carveout, a parent company sells a portion of its equity in a wholly owned subsidiary.

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    Attribution Non-Commercial (BY-NC)
    Descărcați ca PPTX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    53 vizualizări10 pagini

    Disinvestment

    Încărcat de

    sudheer2011
    A partial selloff, also called slump sale, involves the sale of a business unit or plant of one firm to another. A demerger results in the transfer by a company of one or more of its undertakings to another company. An equity carveout, a parent company sells a portion of its equity in a wholly owned subsidiary.

    Drepturi de autor:

    Attribution Non-Commercial (BY-NC)
    Descărcați ca PPTX, PDF, TXT sau citiți online pe Scribd
    Indicator pentru conținut neadecvat
    din 10

    DIVESTITURES

    MERGERS & ACQUISITIONS

    Synergy : 2 + 2 = 5

    DIVESTITURES :-
    Anergy 5 - 3 = 3
    me kind of asset for either financial or ethical objectives o

    Divest – Sell
    Company “ X ”
    Steel Company
    Cement Producing Unit

    Co . “ Y ”
    Cement Company
    METHODS IN DIVESTITURES
    Partial Selloff
    Meaning :
    A partial selloff, also called slump sale,
    involves the sale of a business unit or plant of one
    firm to another.

    Motives :
    üRaising Capital
    üCurtailment losses
    üStrategic realignment
    üEfficiency gain
    Financial Evaluation of Sell-off

    Step 1 : Estimate the divisional post - tax cash flow

    Step 2 : Establish the discount rate for the division

    Step 3 : Calculate the division ’ s present value

    Step 4 : Find the market value of the division – specific liabilities

    Deduce the value of the parent firm ’ s ownership position in the divi

    Step 6 : Compare the value of ownership position


    Demergers

    A demerger results in the transfer


    by a company of one or more of its
    undertakings to another company.

    The company whose undertaking is


    transferred is called the demerged
    company

    The company to which the undertaking


    is transferred is referred to as the
    resulting company
    Equity Carveout

    In an equity Carveout, a parent company


    sells a portion of its equity in a wholly
    owned subsidiary.
    Thank U

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