Interactive playbook · Carve-out

The carve-out
separating two entities.

Two entities are separating, the business date is fixed, and IT is the long pole nobody costed. Shared systems, shared networks, shared vendor contracts — and a TSA clock ticking, because every extra month is margin bleeding to the parent. Here’s how I’d get to a clean Day 1.

What an under-planned separation looks like.

  • A fixed close date, and an IT plan that’s still a wish-list.
  • Shared systems and vendor contracts nobody has fully untangled.
  • Hidden licensing and legacy dependencies surfacing late and blowing budget.
  • A TSA that keeps getting extended — and getting more expensive.
  • Two management teams smiling in the SteerCo, protecting opposite interests.
  • “Day 1 readiness” defined by everyone differently, which means not at all.

Define Day 1 → Map & sequence → Exit.

A carve-out is an integration problem in reverse — disentangling shared people, systems, networks and contracts against a fixed date. A typical TSA exit is 1,500+ interdependent decisions; the fix is a ruthlessly scoped Day 1 and a governed exit sequence. Click through each phase.

Define Day 1

Scope the minimum to run independently — and nothing more.

What I do

  • Define Day 1 readiness ruthlessly: the minimum capability the carved-out entity needs to operate alone.
  • Cut everything that’s “nice to have by Day 1” into the post-separation backlog.
  • Baseline what the TSA must cover, and for how long — the shorter the better.
  • Fix scope boundaries in writing before workstreams start filling the gaps themselves.

The political read

  • The parent has no incentive to help you leave — the TSA is their revenue and their leverage.
  • An over-scoped Day 1 is how separations quietly become permanent dependencies.
  • Get the scope decision made at the top before it’s made by drift.
Tools engaged Day 1 readiness definition TSA scoping Scope-boundary lock Separation governance
Outcome

Clean Day 1 separation, TSA exited on schedule instead of extended, and no operational surprise on cutover day — every month off the TSA handed back to the deal as margin.

TSA clock ticking?

If a separation is drifting and the TSA keeps getting extended, I can help you get to a clean Day 1. Interim or freelance, via broker or direct. References from previous clients available on request.

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