Success story | Signing to closing – Acquisition by a leading industrial group of a major aerospace player

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 a complex 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