Success story | Signing to closing – Acquisition by a leading industrial group of a major aerospace player
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Alexandre van den Berg
Directeur Associé / Canada
Montréal
Signing to closing – Acquisition by a leading industrial group of a major aerospace player
CHALLENGE
An agreement has been reached for the sale of a major Aerospace player to a leading industrial group.
The context is challenging due to tight covenants, IT carve out with multiple operational impacts and acomplex hand-over of manufacturing & aftermarket business.
CYLAD has been contracted to support the vendor team in ensuring an efficient and lean carve out of the sold company and the continuity of its activities after the closing.
SOLUTION
Provide daily support to all streams to manage carve out the activities, including Operations, Engineering, After-market, Commercial, IT and Support functions
Set up a governance and support communication and reporting between the vendor and the buyer
Design a Target Operating Model (TOM: process, ways of working, etc.) especially for Operations and After-market
Support readiness of IT solutions on Day 1 (segregation, license transfer, data transfer, etc.)
Create a solid transition plan and ensure readiness on Day 1 through direct support to Transition Service Agreement (TSA)/Service Level Agreement (SLA) redaction and negotiation
KEY DELIVERABLES
Target Operating Model (TOM) defined for all streams
IT systems ready from Day 1 – IT solutions segregated
Transition plan and TSA / SLA in place – Transition plan ready from Day 1