Creating Superior Value Through Spin-Offs

One of the big trends in the increasingly active market for corporate transactions has been the growing popularity of one particular type of transaction: the spin-off. The number of spin-offs has increased dramatically in recent years. In 2015, companies closed 28 major deals worth a total valuation of $133 billion. Among the largest were Gannett’s spin-off of its publishing business, eBay’s spin-off of PayPal, and Hewlett-Packard’s spin-off of its PC and printer business.