• About
  • Contact
  • Testimonials
  • Newsletter
  • More
    • Demographics & Advertising Rates
    • Terms & Conditions
Tuesday, November 28, 2023
No Result
View All Result
California Business Journal
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness
California Business Journal
IMG_2179

‘Carve-out Expert’

Behind Skyview Capital's carve-out expertise is Founder and Chairman, Alex Soltani, and a team of more than 20 professionals in operations, business development and deal execution.

by California Business Journal Editorial Staff
A A
Share on FacebookShare on Twitter

What is a carve-out? Well, it’s an intriguing and innovative option for companies investigating strategies for non-core, potentially underperforming or unprofitable subsidiaries. Only a handful of companies specialize in this space. One of them is Skyview Capital, a Century City, Calif.-based investment firm.

Behind the company’s carve-out expertise is Founder and Chairman, Alex Soltani, and a team of more than 20 professionals in operations, business development and deal execution. Soltani formed Skyview Capital following his tenure at Los Angeles-based private Platinum Equity, a multi-billion dollar private-equity firm specializing in corporate divestitures, public-to-private transactions and private sales. Soltani previously headed up All Digital Communications, a nationwide B2B wireless telecommunications provider where he forged alliances with several of the largest national wireless carriers.

With its unique carve-out strategy, Skyview Capital closes an average of 3-4 transactions per year. The firm has completed nearly 30 transactions in technology, telecommunications, business services and niche manufacturing sectors since its inception in 2005.

“When large companies consider options for non-core, potentially underperforming subsidiaries, the best solution could very well be the sale of that business, otherwise known as a corporate carve-out,” Soltani says.  “Non-core, potentially unprofitable subsidiaries can distract from the core business; it often is an epiphany for CEOs when they discover firms such as Skyview that want to acquire these operations.

ADVERTISEMENT

Skyview sources opportunities through direct ongoing communication with senior executives at Fortune-1000 companies and smaller enterprises. At the same time, Skyview receives consistent inbound leads from investment banks, accountants and lawyers.  Trade shows and conventions are another resource for discovering ‘carve-out’ opportunities.

Examples of recent Skyview Capital carve-out deals include Continuum Global Solutions, a global customer contact center business acquired from Conduent, Incorporated; SchoolKidz, a nationwide, award-winning school and emergency kit company acquired from Staples, Inc.; and Digital Fuel, an IT business management software business acquired from VMware, Inc.

“Acquiring carved-out business units can be more challenging and nuanced than buying existing standalone businesses,” Soltani says.  “Buyers that are not carve-out specialists oftentimes don’t possess the necessary infrastructure to operate the new stand-alone business and will need to rely on the corporate parent for legal, human resources, finance/accounting and other services.  It is rare that private equity buyers have the knowledge and experience base to understand the potential pitfalls associated with the many challenges and nuances inherent in operating a newly carved-out business.”

Since Skyview Capital’s focus is carve-outs, the company is able to execute these transactions in ways that result in a win for all parties involved – the parent company, the subsidiary’s employees and investors.  “Our parent company is better positioned to focus on its core business and potentially avoids the negative public relations impact of shutting down a business,” Soltani says. “The subsidiary’s employees will receive the resources and attention necessary to optimize the business and the HR department is spared the time and energy associated with employee terminations.  Shareholders are supportive of the divestiture because it frees the management team to focus on delivering value to the core business and potentially removes a lower margin, lower growth, potentially money-losing business from the portfolio.”

The stages involved in a Skyview Capital carve-out include identifying the deal opportunity, conducting due diligence on the business, structuring the transaction, finalizing deal documentation as well as the Transitional Services Agreement (TSA), and closing the transaction.

Skyview then “stands up” the business while building out the corporate back-office operations. As a private-equity buyer that has focused on acquiring non-core businesses for 15 years, Skyview is able to structure carve-outs customized to meet the specific business objectives of parent companies.  “Companies engaging with Skyview Capital on carve-out transactions quickly come to recognize the substantial advantages inherent in working with the Century City firm,” Soltani says.

“We bring leadership and management in all areas of operations to support the full back office functionality required to operate a stand-alone business.  Our operational teams help stabilize new carve-outs, work in tandem with company executives to ensure a smooth transition, and then develop as well as execute a strategic plan.”

Tags: accountingAlex Soltaniaward-winningbankscarve-outCEOsdevelopmentemployeesenergyfinancefocusHRinfrastructureinvestmentinvestorsLeadershipleadsLos AngelesmanufacturingportfolioSkyview Capitalspecializingtechnologytrade
ADVERTISEMENT
California Business Journal Editorial Staff

California Business Journal Editorial Staff

ADVERTISEMENT
Facebook Twitter LinkedIn Instagram LinkedIn

CBJ Newsletter

Contact [email protected]

CBJ Rates and Demographics

1REALTOUR-SAN DIEGO-WEB DESIGN
Facebook Twitter LinkedIn LinkedIn Instagram Youtube
C B J   LOGO  SVG-01
  • About
  • Contact California Business Journal
  • Testimonials
  • Demographics & Advertising Rates
  • Terms & Conditions

Categories

  • Art & Culture
  • Business
  • California Hotel Listings
  • Daily Updates
  • Editor's Choice
  • Education
  • Featured
  • Finance
  • Food & Dining
  • Health & Fitness
  • Human Interest
  • Insurance
  • Law
  • Lawyers
  • Marketing
  • Medical
  • News
  • Newsletter
  • Opinion
  • People
  • Popular
  • Real Estate
  • Social Media
  • Technology
  • Uncategorized

CBJ Partner Firebrand Media

Laguna Beach Independent Newspaper
 Laguna Beach City Guide
 Newport Beach Independent Newspaper
Newport Beach Country Club Magazine
  Montage Magazine
 Omni Escapes Hotel Magazine
 Bespoke Concierge New York
 Evans Hotels
 Laguna Beach Magazine
 On The Menu Laguna Beach
 Newport Beach Magazine
Coastal Real Estate Guide (NB,LB, CDM)
Monarch Beach Resort Magazine
 Pacific Coast Magazine (SoCal)
Sea Island Life Magazine
Salamander Hotel & Resorts Magazine
 View our entire portfolio

 

Most Viewed

  • More Truth About Temu: Is Temu A Chinese Company?

    The Truth About Temu: Where Is It From?

    0 shares
    Share 0 Tweet 0
  • How to Get Free Stuff on Temu (The EASIEST Methods Explained)

    0 shares
    Share 0 Tweet 0
  • Lawsuit Basics: How Much Does It Cost to Sue Someone?

    0 shares
    Share 0 Tweet 0
  • Investigation: Can TriumphFX Take Your Money?

    1 shares
    Share 0 Tweet 0
  • What to Do When an Online Casino Refuses to Pay Out Your Winnings

    0 shares
    Share 0 Tweet 0
  • The Impact of Covid: Racing to Buy Second Citizenships

    3 shares
    Share 0 Tweet 0
  • 30 Best Temu Alternative Apps To Buy from Online

    2 shares
    Share 0 Tweet 0
  • NFL Paychecks: How Do NFL Players Get Paid?

    0 shares
    Share 0 Tweet 0
  • Temu’s New Shipping Policy Is A Smashing Hit For Shoppers All Over the Country

    0 shares
    Share 0 Tweet 0
  • Top 5 Flavors On Elf Bar BC5000 Review

    0 shares
    Share 0 Tweet 0

Latest Articles

Nail It Right: Avoiding Common Wall Art Hanging Mistakes

Expert Guidance: Selecting the Finest Ukrainian Online Casinos.

The Best Performing ETFs to Invest In

Managing Pain Naturally: Kratom Capsules as an Alternative

Image Source: Shutterstock

Best Practices for Preventing and Addressing Fleet-Related Injuries in California

Image Source: iStock

What Are Some Most Important Digital Marketing Channels?

Image link: https://unsplash.com/photos/white-and-grey-concrete-building-near-swimming-pool-under-clear-sky-during-daytime-2d4lAQAlbDA

Real Estate Investment Return: Where Potential Is Hidden

Image Source: Unsplash

A Deep Dive Into the Causes and Consequences of Fatal Motorcycle Accidents

Investing Simplified: A Guide for Women to Grow Wealth

What Is a DUI?

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR

No Result
View All Result
  • Front Page
  • Business
  • Finance
  • People
  • Featured
  • Opinion
  • Technology
  • Law
  • News
  • Food
  • Art & Culture
  • Human Interest
  • Education
  • Insurance
  • Real Estate
  • Health & Fitness

California Business Journal | California Business News, California News Media, California business articles | Orange County, Los Angeles, San Diego, Inland Empire, Northern California, San Francisco | Huntington Beach CA 92649 | (949) 648-3815
ALL RIGHTS RESERVED BY CALIFORNIA BUSINESS JOURNAL.
Site Design by 1REALTOUR