Principal Profile

Morten Andersen

Co-Founder & Principal at TSA Advisory LLC. TSA negotiation and renegotiation, governance, finance separation, Day-One readiness, pricing and extension-fee strategy.

Background

Morten has spent over a decade in M&A, on both buy-side and sell-side transactions. He leads TSA negotiation, renegotiation, and governance. He has sat on both sides of the table on transition services agreements and is fluent in the seller's pricing playbook — cost-plus mark-ups, pass-through structures, and extension-fee mechanics. He runs the finance-separation and Day-One readiness workstreams and chairs steering-committee escalations on behalf of buyers.

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Selected Writing

Recent insights by Morten.

Morten has authored 195+ buyer-side analyses in the TSA Advisory insights library. A selection below; browse the full blog →

Insight

Writing a TSA Steering Committee Charter

Writing a TSA steering committee charter. The membership, decision rights, cadence, and scope that give the buyer real c

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Insight

What Is a TSA Service Catalog?

A TSA service catalog is the line by line inventory of every transition service: scope, price, service level, and exit d

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Insight

What Is a Clean Team in M&A?

Clean team M&A explained for buyers. A clean team reviews sensitive data before close under strict protocols, so plannin

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Insight

What Is Pass-Through Pricing in a TSA

Pass-through TSA pricing charges the seller's actual third-party cost with no margin. When it applies, why buyers prefer

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Insight

What Is Cost-Plus Pricing in a TSA

Cost-plus TSA pricing charges the seller's cost to deliver a service plus a defined margin. How it works, where it favor

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Insight

The TSA True-Up Process

The TSA true-up process explained for buyers: how estimated charges get reconciled to actual cost, where the risk sits,

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Insight

TSAs in Sponsor-to-Sponsor Deals

Sponsor to sponsor TSA guidance. How transition services work when one PE owner sells a portfolio company to another, an

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Insight

TSAs in Distressed Carve-Outs

Distressed carve-out TSA guidance for buyers. How to negotiate transition services when the seller is under financial st

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Insight

TSAs in 363 Bankruptcy Sales

TSA 363 sale guidance for buyers. How transition services survive a Section 363 asset sale, what the estate can and cann

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