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 periodicals archive ?
Tom Watt from Gelynis Fruit Farm carves another creepy creation; PICTURES: Mark Fraser
Unlike metal, stone or wood, ice is an easy medium to carve and, in a town like Fairbanks, the sculptures can last for months at a time.
My friend had no idea howto carve a turkey, just as he had no idea how to carve a roast.
Being able to carve ham in this week's Madrid Fusion Manila is thus, for him, like a dream come true.
6 TACKLING THE BODY Finally, with the wider 'neck' end towards you, carve parallel to the breast bone, holding the turkey secure using the carving fork.
The only way to learn to carve was to buy a knife and start carving, or to know someone who did carve and ask them for help.
Indeed, this is the kind of narrative that might move many to carve their own torero poles.
Charon has no idea how long it takes to carve a cane, and he could care less.
His idea is to carve an adult St Editha to welcome people to the abbey," Mr Wells said.
Early-20th-century dolls had straight legs, but by the 1960s, it was common to carve figures in action poses, with limbs extended or bent.
There are still a few artists who carve and paint carousel horses, but most of the animals today are made from moulded fiberglass or plastic.