Divesting in turbulent times
Preparation drives value
Hosted by Ernst & Young Transaction Advisory Services
In the face of the economic downturn many large companies are considering divestments. Liquidity and solvency needs are driving organizations to sell non-core and underperforming businesses. Cautious buyers - many from new markets - demand foresight and innovation. Rigorous portfolio management and deal preparation are critical.
Sellers are confronting market uncertainty by pursuing not only full divestments but also joint ventures and spin-offs.
Buyers are increasingly expected to be from Asia Pacific and the emerging markets. Cross border/global transactions make divestments less straightforward.
These are among the insights provided by the 360 US$1b+ companies that participated in our 2009 global divestment study.
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Ernst & Young invites you to join us for a live, interactive global Thought Center Webcast on Tuesday 3 March 2009. Transaction executives will discuss the study findings, examine how leading companies are approaching divestments and provide recommendations for selling in the current environment. During the interactive webcast, you will have the opportunity to put questions to our panelists through the website.
This webcast will be of interest to C-suite executives, vice presidents/directors of business strategy, directors of finance and international tax directors, looking for the latest practical information and ideas about how to execute a successful divestment in today's economic landscape.
Featured panelists
Charles Honnywill, Ernst & Young LLP, Europe, Middle East, India and Africa
Jeffrey R. Greene, Ernst & Young LLP, Americas
Stephen Lomas, Ernst & Young LLP, Oceania
ModeratorKerrie MacPherson, Ernst & Young LLP, Americas