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      Carve-outs are complex, time-critical and associated with high pressure. The requirements are high: companies must clearly define the transaction perimeter, establish independent structures and provide reliable, verifiable financial data for investors and capital market players - often under time pressure, with inconsistent data sources and a limited system landscape.

      Whether as part of a divestment, spin-off or strategic realignment: carve-outs challenge companies both operationally and financially - and at the same time offer the opportunity to streamline the balance sheet structure, sharpen the portfolio focus and achieve long-term growth.

      Maximum transparency for complex transactions

      The data-driven approach with KPMG Carve AI brings clarity and decision-making certainty to this complexity: as an integrated end-to-end solution, our platform consolidates all relevant information into a single source of truth. All project participants work on a centralised, collaborative platform with the same validated database. This ensures transparent, consistent and secure access to all relevant information at all times.

      As one of the leading financial carve-out providers in Germany, we have successfully guided numerous companies through complex transactions. We would be happy to convince you of our expertise - and turn your carve-out into a success story.
      Michael Buhl

      Divisional Director Deal Advisory

      KPMG AG Wirtschaftsprüfungsgesellschaft

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      Unsere Studie untersucht, welche M&A-Strategien und Transaktionsstrukturen für Unternehmen und Private Equity-Firmen 2025 im Fokus stehen.

      KPMG Carve AI – your database for reliable financial statements

      At the heart of the integrated carve-out approach is KPMG Carve AI, a tool that analyses, standardises and consolidates heterogeneous data sources. This enables us to lay the foundation for:

      • Transparent and traceable carve-out financial data
      • Informed decisions through automated reports and dashboards in real time
      • Factbooks, due diligence and stand-alone adjustments
      • Audit trails and audit security
      • Translated with DeepL.com (free version)

      From analysis to reporting – everything from a single source

      • Strategic analysis & scoping

        Definition of target vision, legal framework and financial structure – tailored to transaction and regulatory requirements

      • System & data recording

        Analysis of the system landscape, identification and prioritisation of relevant data sources – from ERP systems to Excel files

      • Data cube implementation

        Structuring, harmonising and validating data in KPMG Carve AI – as a consolidated single source of truth for all subsequent processes

      • Financial processing & reporting

        KPMG Carve AI provides auditable carve-out financial data and detailed analyses for profit and loss statements and balance sheets. This includes segmentation by region, product or function, breakdowns of personnel costs and intercompany charges, as well as analyses of balance sheet items, cash flows, net working capital and net financial liabilities.

      • Go-Live & Nachbereitung

        Consolidation can be designed flexibly – depending on the situation and the necessary level of requirements, either directly in KPMG Carve AI, in a new system environment, or by connecting to existing consolidation systems. Our solution is individually scalable and adapts to any system landscape.

      All reports are automatically available as Excel evaluations or interactive dashboards – clear, consistent and relevant for decision-making.

      Your benefits are concrete and measurable

      • Strategic alignment through reliable, comparable financial indicators
      • Transparency and trust among investors, buyers and auditors
      • Carve-out financial data at an auditable level
      • Increased efficiency through structured, automated processes
      • Flexibility to accurately map different transaction scenarios

      Complex transactions. Successfully supported.

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      Deal Advisory

      Bosch

      Support for the financial, tax and operational carve-out of various business areas (e.g. building services engineering).

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      Deal Advisory

      German Telecommunications

      Financial and operational carve-out support in connection with the divestment of Deutsche Telekom's tower business in Germany and Austria.

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      Deal Advisory

      Bayer

      Support with the financial carve-out and sale of the Environmental Science division to Cinven.

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      Deal Advisory

      German Telecommunications

      Support with the financial carve-out and reorganisation of T-Systems.

      More insights into carve-outs

      Your contact

      Michael Buhl

      Managing Partner, Head of Deal Advisory

      KPMG AG Wirtschaftsprüfungsgesellschaft