Anonymized engagements across the buyer-side TSA lifecycle.

Mid-market industrial carve-out, cost-plus reset before signature

Pre-signing TSA review during a competitive bid. The seller's TSA priced services at cost-plus 32 percent across nine families. Two week leverage memo, three counter positions, redline package for the deal team. Cost-plus came down to 14 percent before signature. Estimated annual savings against the original draft, approximately $4.1M over the TSA term.

Healthcare carve-out, 90 day Day One that held on schedule

Strategic acquirer integrating a $400M healthcare business. 18 month TSA at $1.1M monthly run rate. 90 day readiness program across IT, finance, HR, procurement, treasury, cybersecurity. Day One landed on the original close date. Zero extension fees paid across the life of the agreement.

Mid-TSA renegotiation, large-cap PE software portfolio company

$9M annual TSA at month 14 of a 24 month agreement. Cost-plus mark-up had drifted above the original deal model. Eight week renegotiation. Catalog rationalization, pricing reset, exit ramp rewrite. Run rate reduced into the value creation plan for the remaining 10 months.

Industrial PE portfolio, exit milestone defended at IC date

18 month TSA. Exit milestone had slipped four months past the original sponsor IC date. 12 week exit acceleration program. Workstream rebuild, seller cadence reset, extension fee minimization. Exit landed on the original IC date with no extension fees paid.

SLA breach claim and credit recovery, software carve-out

24 month TSA. Repeated SLA breaches across four service families over eight months. Buyer had not invoiced credits. Built the claim file, ran the governance escalation, negotiated the settlement. Credits recovered inside eight weeks, governance reset across the remaining term.

Reverse TSA, carve-out providing services back to seller

Buyer carried payroll, IT helpdesk and benefits administration for the seller for nine months after close. Reverse TSA had been signed without buyer-side review. Six week engagement to reprice, rescope and set the exit ramp. Internal cost recovery improved across the reverse TSA term.

Portfolio retainer, mid-market PE fund with four active TSAs

Four active TSAs across the fund. Quarterly portfolio retainer covered governance, pricing benchmarks, mid-TSA renegotiation, exit sequencing. Sequenced cost reductions and exit programs across the book. Portfolio level savings booked into the value creation plans.

Cross-border carve-out, seven jurisdictions, sequenced exit

Carve-out spanning entities in seven countries. Payroll, tax, data residency and benefits each required a separate exit. 14 week cross-border workstream alongside the central program. Sequenced exits across the seven jurisdictions without breaching local statutory windows.

Stranded cost cleanup, carve-out heading to next sale

Mid-market PE portfolio company being readied for a second sale. Stranded IT, finance and procurement costs estimated at $2.4M annual. Six week stranded cost program. Vendor handoff, contract migration, final separation. Stranded cost line eliminated before the data room opened.