ContinuServe and Globalization Partners Launch Partnership to Provide Carve-Out Advisory Services
ContinuServe, a leader in IT and Finance Business Process Outsourcing, is excited to announce its partnership with Globalization Partners which enables companies to hire great talent anywhere in the world quickly and easily, without setting up foreign branch offices or subsidiaries. ContinuServe believes this partnership will greatly help private equity firms and corporate buyers execute carve-out acquisition transactions.
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“We are very excited about this relationship that will enable us to serve this dynamic market together.”
Carve-outs are transactions when a corporation sells a business unit, division, or product line. In these transactions, another firm will buy these carve-out units and then operate them. Typically, in carve-out transactions, the sold unit does not come with back-office functions like information technology, finance & accounting, and human resources. Therefore, the buyer of the unit must ramp-up these back-office functions quickly to maintain business continuity.
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As part of ContinuServe’s value proposition to those purchasing carve-outs, ContinuServe has its Rapid Execution and Operations (REO) network of world-class service providers who can help accelerate the timeline for a carve-out and support an excellent outcome. Globalization Partners provides a high-quality solution to onboard employees located across the globe who may be transferred to a new carved-out entity from the parent company. This means that private equity firms and the management of the carve-out do not have to worry about the expense and complexity of setting up new business entities across the globe or manage the complex compliance HR and legal issues.