An increasing proportion of M&A transactions take the form of spin-offs. The process of undergoing a spin-off is complex and involves a myriad of financial, capital markets, business, legal and other considerations.
This program provides an in-depth perspective on: the factors that drive spin-offs; the advantages and disadvantages of spin-offs; unique spin-off structures; utilizing spin-offs to raise capital at the parent level or reduce parent debt; and general corporate and legal considerations in planning and executing a spin-off.
I. Recognize the differences between a spin-off versus third-party sales and other separation transactions
II. Understand the advantages and disadvantages of spin-offs
III. Distinguish different spin-off structures
IV. Grasp how to raise capital or reduce indebtedness using spin-offs
V. Identify general corporate issues related to spin-offs
VI. Recognize unique transaction agreements and legal issues related to spin-offs
Joshua Eisenson is an associate in the Corporate Practice Group in the firm's New York office.
Chris Froelich is special counsel in the Corporate Practice Group in the firm's New York office.
Areas of Practice
Chris advises public and private companies and private equity funds in domestic and cross-border transactions, including mergers and acquisitions, private equity investments, joint ventures, divestitures and transactions involving distressed or bankrupt targets or sellers. His practice encompasses a broad range of industries, including financial services, energy, health care, manufacturing, real estate, shipping and communications. Chris's representative clients include The Blackstone Group, Goldman Sachs (Merchant Banking Division), The Carlyle Group, NACCO Industries, RadioShack, Areva SA, Chrysler, Hostess Brands, JPMorgan Chase, Reynolds American, Sanofi-Aventis and Wasserstein & Co.
Thanks for offering the topic
fairly simple, decent review, would have enjoyed more securities discussion, clearly knowledgeable speakers
very interesting topic
Excellent presentation mainly because the content was very rich.
Good high-level course.
This is quite a sophisticated course and helps rounding out One's learning about acquisitions
Informative and interesting
Good organization of this topic