Lift-outs:
the lived experience
In order to properly interrogate the process and uncover the challenges and opportunities, let us imagine a private equity fund manager, based in Western Europe: Example Capital Partners (or “Example”, for short). Together, we’ll walk through the process and attendant decision points as Example prepares and executes the lift-out of its middle and back office, led by its redoubtable CFO, Archie Type, and his counterpart at IQ-EQ, Greta Dunne.
First, we’ll look at the background to the project and what makes it the right choice for Example. Next, we’ll touch on how to run a successful selection process to choose the right provider. With that all squared away, the planning can begin and some decisions with regards to options around the project will need to be made. Once the terms of the transaction and the major elements of the planning are agreed, the preparatory work gets underway, before the deal is signed and the work starts.
During this execution phase, we will look into the challenges that lift-outs can represent, chiefly around people and systems. After that, we’ll move onto the post-execution integration phase and, finally, look a little further into the future to assess what has been achieved. Has Example ended up in a better place? Has the deal made sense for IQ-EQ and its new employees? Let’s find out…
This document is provided for information purposes only and does not constitute legal, tax, investment, regulatory, accounting or other professional advice. For more information on the legal and regulatory status of IQ-EQ companies please visit www.iqeq.com/legal-and-compliance.
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