For Newly Carved-Out Companies

You inherited a TSA you did not negotiate.

If you are the CFO or CIO of a recently carved-out portfolio company, the TSA on your desk shapes your first 18 months. It was written by the seller, signed by the deal team, and operationalized by you. You are accountable for outcomes you did not define. We help you understand it, push back on it, and exit it on your terms.

Your Reality

The TSA is the boss. Until you take it back.

A newly carved-out CFO or CIO walks in on Day One to a contract that defines their operating environment for the next 12 to 24 months. The seller's transition team has its own priorities. The sponsor wants the value creation plan delivered. The TSA sits in the middle, mostly working against the buyer.

We work for the portfolio company directly. Not the sponsor, not the seller. Our scope is what the CFO or CIO needs to land the operating year.

  1. i.

    Understand what you actually signed.

    A working walk-through of the TSA, in operator language. Service catalog, pricing model, exit ramp, governance, dispute path. Where the leverage points are and where the traps are.

  2. ii.

    Benchmark whether the pricing is fair.

    Cost-plus mark-ups against industry data. Pass-through validation. Identification of overcharges to claw back.

  3. iii.

    Identify exit accelerants.

    The workstreams that can move first. The dependencies the seller controls. The cutovers worth doing in parallel with replacement vendors.

  4. iv.

    Build governance that enforces SLAs.

    A working joint committee. Chair structure, cadence, decision rights, escalation. Service-level credits filed, not waved.

  5. v.

    Manage the seller's transition team.

    Weekly operating rhythm. Action register. Decision log. The seller works the calendar because the buyer is working it harder.

  6. vi.

    Lead the Day One operational stand-up.

    Where the engagement starts before Day One, the 90-day readiness program covers IT, finance, HR, procurement, treasury, and cybersecurity.

Documentary view of a portfolio company CFO reviewing the TSA
How We Work With Newcos

Four engagement points. For the Newco CFO and CIO.

Most portfolio companies engage at one of four points. The work is sized to fit the operating calendar and the CFO's bandwidth.

01

Pre-Day One readiness

The 90-day Day One readiness program. Six workstreams, two senior advisors, fixed fee. The buyer-side counterweight to the seller's separation office.

02

TSA orientation and governance

Two to three week engagement that walks the CFO and CIO through the TSA, sets up the governance structure, and builds the operating cadence.

03

Mid-TSA renegotiation

Six to ten week engagement that resets pricing and scope. The amendment is the deliverable.

04

Exit acceleration

Eight to twelve week engagement when the exit milestone is at risk. Workstream rebuild, extension fee minimization, weekly cadence that sets the calendar with the seller.

Outcomes

What Newco operators have achieved with the firm on the file.

Anonymized results from prior engagements. Full case studies available on request under NDA.

0
Days Slipped

Day One on schedule, no surprise

Newly carved-out healthcare platform. Six workstream readiness program. Day One held. CFO closed the first month on plan, with audit-clean financials.

22%
Run Rate Reduction

Industrial Newco mid-TSA reset

$11M annual TSA cut to $8.6M via service catalog rationalization and mark-up reset. Amendment signed in week 8 of the engagement.

$2.1M
SLA Credits Recovered

Tech Newco governance reset

12 months of unfiled SLA breaches. Working committee restored. Credits calculated, filed, and recovered without arbitration.

For the Newco CFO and CIO

The first 18 months do not write themselves.

Fixed-fee proposal in 48 hours. Senior team on day one. The first conversation is always free.