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A carveout is a subsidiary of a larger company, which is legally and operationally independent from the parent company. A carveout is a business unit that is separate from the main company. It can be set up as a subsidiary, a joint venture, or an independent company.<br><br>Equity carve-out is a provision of an agreement that specifies the percentage of the company that will be owned by the investor. The equity carve-out can be either fixed or variable, depending on what is negotiated between the parties.<br><br>source:<br>https://avendata.com/blog/what-is-a-carve-out-why-it-is-so-important/<br>
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