Carve out

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Carve out

Usually occurs when a company decides to IPO one of their subsidiaries or divisions. The company usually only offers a minority share to the equity market. Also known as equity carve out.

Equity Carve Out

The act or process of a company making an IPO on one of its subsidies without fully spinning off. During an equity carve-out, the parent company becomes majority shareholder and only offers a minority share to the market. This gives the subsidiary a degree of autonomy (such as its own board of directors) while still retaining access to resources at the parent company. Most of the time, an equity carve-out ultimately results in the parent company fully spinning off the subsidy. It is also called a partial spin off.
References in classic literature ?
But I'll only carve another bit off the front door, and then come out and welcome you.
Meantime the master looked to see what the table was properly laid, and took the great knife, wherewith he was going to carve the chickens, and sharpened it on the steps.
We rushed upstairs, and washed ourselves, and changed our clothes, and came down, and pulled our chairs up to the table, and sat and rubbed our hands while the landlady removed the covers, when I seized the knife and fork and started to carve.
He immediately looked at the dish and began to carve.
At first Eric o' Lincoln thought that he would gain an easy advantage, so he came forth as if he would say, "Watch, good people, how that I carve you this cockerel right speedily"; but he presently found it to be no such speedy matter.
He could carve a bit, and gild and frame, and do odd jobs.
Tikhon with equal accuracy would split logs with blows at arm's length, or holding the head of the ax would cut thin little pegs or carve spoons.
If you come to religion, it seems to me a man shouldn't want to carve out his meat to an ounce beforehand:--one must trust a little to Providence and be generous.
Sometimes the faces I carve are better than others--more expressive and cheerful, you know--but I think they average very well.
The beef was set before him, and he began to carve, but with the most rueful expressions of discontent.
Seek out a new and better life in another country and carve thy future into the semblance of glory and honor.
Miss de Sor, allow me to apologize for the mean manner in which this school is carried on; the knives and forks are counted and locked up every night)--I say take that pair of scissors, Cecilia, and carve the cake, and don't keep the largest bit for yourself.