Mergers, Acquisition and Divestitures
VERVE assists a Fortune 50 client with several transactions, including a $68 Billion acquisition, two $2 Billion divestitures, and an $11 Billion divestiture along with a variety of collaboration and joint venture agreements. Our team of diverse project management consultants assisted in several functional areas, providing subject matter expertise, strategic guidance and additional resources as the client had limited staff to work on supporting the transaction, integration and carve-out activities, while doing their ‘business as usual’ functions.
Financial Project Management: Managed the transition of financials through year-end in compliance with the Transaction Services Agreement (TSA) for a divested entity. Acting as Financial Project Manager, VERVE provided project management oversight and financial expertise in support of major acquisition and resulting asset divestiture. Highlights include:
- Established a process for implementing Corporate Accounting issues resulting from the divestiture
- Developed schedules and timetables for international locations to comply with provisions of Transition Services Agreement (TSA)
- Provided status to management
Financial Management for Business Technology Integration: VERVE provides strategic financial management and analyst services for transformational divestiture project activities. This includes:
- Manage project Transaction Services Agreement (TSA) ongoing cost analysis, estimation, and changes for wind down exit scenarios
- Develop global methodologies to collect and provide estimates for stranded, dis-synergy, and termination fees & penalties for wind down exit scenarios
- Establish project processes and global financial reporting for TSA Ongoing, Exit, and De-Integration spend
- Obtain and track financial costs related to actual, committed, and forecast for project activities
- Update and track changes to contracts and agreements upon termination of services
- Address data discrepancies with work stream leads, finance, procurement, and project PMO
