Partner Matthew Gases provides pointers on carve-out transactions on an episode of the podcast M&A Talk titled “Unlock Value by Selling a Piece of Your Business.” Released June 9, 2026, Matt and the host discuss how carve-out transactions work, what makes them complex and how sellers can proactively prepare for a transaction. Topics covered include:
- Definition of a carve-out and how it differs from a standard business sale or stock transfer
- Why owners sell a portion of their business and how carve-outs can increase total enterprise value
- Hidden complexity of shared back-office systems, employees and contracts
- Definition of a transition services agreement and how it can affect the deal post-closing
- Protecting or exposing sellers in a carve-out with reps, warranties and indemnities
- Common factors of successful carve-out deals and how to replicate them




