Carve-outs – meaning the spin-off and possible sale of a part of a company – are becoming increasingly important in the aerospace and defence (A&D) sector. Established aerospace and defence companies are faced with the question of how they can optimise their portfolio and focus on core areas. Investors (such as private equity firms or industrial groups) are also increasingly interested in spun-off divisions from corporate groups. In our three-part specialist article, we highlight the typical legal and practical challenges that arise in carve-out transactions in the A&D sector. The focus is on regulatory hurdles and strategic success factors that are decisive for the successful preparation and implementation of such transactions.
09
Jul