Background
One of the world’s largest sports media and publishing brand in its category was purchased by a private equity firm from its global sports digital media & broadcasting parent; with post carve-out growth and value-creation strategy driven by acquisitions and organic growth
Situation
The Newco was on a 12-month Transition Services Agreement (TSA), except 6-months for HR TSA (Payroll, Benefits and HR Systems)
Multiple acquisitions and organic growth initiatives were in the pipeline to accelerate the value-realisation plan; including 50% headcount growth in year 1
Existing Parentco processes and systems across 15+ countries were disparate.
Objectives
Approach
Named owners identified within the business for technology, data and business process, business TOM and technical architecture defined (day 30)
Migration scoping, vendor selections completed, and carve-out delivery started (day 60).
Outcomes
Standalone business setup in 6 months, saving 40% TSA costs
Carve-out completed across Business Shared Services (Finance, HR, and IT Service Desk), Payroll, Rewards & Benefits, Office Spaces, Travel Management, Procurement, and Internal Support Services.
Technology migrations completed to new simplified architecture across ERP, HRMS, CRM, Media Order Management System, AdTech, Hosting, Content Management Systems, Enterprise Project & Portfolio Management tool, End User Productivity Technology & Tools, Data and BI platforms.
Reach out to us at contact@exxelmet.com to know more on how Exxelmet can support your corporate carve-out and separation journey, or book time with our carve-out experts here.
