Customer Story: Digital Media & Publishing business Carve Out

Empowering one of the world's sports media brand in its category towards growth


Rupesh Madhogaria

1 min read


One of the world’s largest sports media and publishing brand in its category was purchased by a private equity firm from its global sports digital media & broadcasting parent; with post carve-out growth and value-creation strategy driven by acquisitions and organic growth


  • The Newco was on a 12-month Transition Services Agreement (TSA), except 6-months for HR TSA (Payroll, Benefits and HR Systems)

  • Multiple acquisitions and organic growth initiatives were in the pipeline to accelerate the value-realisation plan; including 50% headcount growth in year 1

  • Existing Parentco processes and systems across 15+ countries were disparate.


  • Carve out the business and set up the standalone entity as early as possible to seamlessly integrate planned acquisitions and start planned investments


  • Named owners identified within the business for technology, data and business process, business TOM and technical architecture defined (day 30)

  • Migration scoping, vendor selections completed, and carve-out delivery started (day 60).


  • Standalone business setup in 6 months, saving 40% TSA costs

  • Carve-out completed across Business Shared Services (Finance, HR, and IT Service Desk), Payroll, Rewards & Benefits, Office Spaces, Travel Management, Procurement, and Internal Support Services.

  • Technology migrations completed to new simplified architecture across ERP, HRMS, CRM, Media Order Management System, AdTech, Hosting, Content Management Systems, Enterprise Project & Portfolio Management tool, End User Productivity Technology & Tools, Data and BI platforms.

Reach out to us at to know more on how Exxelmet can support your corporate carve-out and separation journey, or book time with our carve-out experts here.