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M&A integration and separation

Bring two organisations together, or take one apart, with continuity protected and the deal value banked.

TYPE 01M&A integration and separation

Transformativ runs the transformation side of mergers, acquisitions and separations: Day 1 readiness, transitional service agreement (TSA) planning and exit, standalone entity design, and integration of operating models and systems. Our people have led separations and integrations at scale, from Day 1 through to the final TSA exit.

WHEN WE'RE CALLED

The moments a deal becomes a delivery problem

  1. MOMENT 1

    A deal is signed

    Day 1 is fixed, the integration plan isn't, and the business still has to run.

  2. MOMENT 2

    A divestment is announced

    A business has to stand on its own, with its own operating model, systems and data.

  3. MOMENT 3

    The TSA clock is running

    Services still depend on the former parent, and every month of extension costs money.

  4. MOMENT 4

    A new owner wants the value case delivered

    A private equity sponsor or incoming board expects the standalone business to perform, fast.

SEPARATION

Taking one organisation apart, safely

  1. 01

    Separation governance

    One program structure across both parties, with clear decision rights and a single view of risk.

  2. 02

    TSA planning and exit

    Every transitional service mapped, owned and exited in a planned sequence, so the new entity stops paying for services it no longer needs.

  3. 03

    Standalone entity design

    The operating model, technology, data and people the new business needs to run on its own.

  4. 04

    Day 1 readiness

    Everything customers, staff and regulators depend on works on the first day of separate ownership.

INTEGRATION

Bringing two organisations together, without losing what made the deal worth doing

  1. 01

    Operating model redesign

    One way of working, designed from what each business does best.

  2. 02

    Platform and data consolidation

    Duplicate systems retired and data migrated onto the platforms that will carry the combined business.

  3. 03

    Cultural integration

    Two teams brought into one, with the change managed as carefully as the systems.

  4. 04

    Value tracking

    The benefits in the deal case baselined, owned and tracked until they are banked.

DEFINE, ACTIVATE, SCALE

One framework, from deal to a business that stands on its own

How we deliver end to end →
  1. 01 · DEFINE

    Plan the deal end to end

    The separation or integration blueprint: target operating model, TSA register, Day 1 plan and the sequence of exits.

    OUTCOME

    A board-approved blueprint, TSA register and Day 1 plan.

  2. 02 · ACTIVATE

    Deliver Day 1 and the first exits

    Day 1 delivered, then TSAs exited in sequence, each cutover rehearsed and each exit measured.

    OUTCOME

    Day 1 live and TSAs exiting in sequence, with each exit measured.

  3. 03 · SCALE

    Stand the business on its own

    The standalone or combined business optimised, and the capability handed to your people to run.

    OUTCOME

    A standalone or combined business, run by your own people.

A couple reviewing their retirement portfolio with an adviser
CASE STUDY

A $430M separation from a major bank

36
TSAs exited, with no major customer disruption
$318M
EBITDA uplift projected for the standalone business
$9B to $10B
in net flow growth forecast
Read the case study →
SERVICES INVOLVED

The services that carry a separation or integration

QUESTIONS

Common questions about separations and integrations

A transitional service agreement (TSA) is a contract under which the seller keeps providing services, such as technology, payroll or operations, to a separated business for a set period. Exiting means replacing each service with the new entity's own, in a planned sequence, so nothing breaks and the fees stop as early as possible.

Making sure everything customers, staff and regulators rely on works on the first day of new ownership: payments, systems access, customer communications, legal entities and reporting. It is planned backwards from Day 1 and tested before it arrives.

With careful planning before Day 1, a separation or integration can be completed successfully within months. We draw on our established frameworks and delivery capability, so the work starts from a proven base. The Define stage sets a realistic timeline before commitments are made.

Yes. We work with sponsors and their portfolio companies on separations and standalone operating models, where the value case depends on the new business running well on its own.

Every change that touches customers is rehearsed, run from a command centre and backed by a rollback plan. In the $430M separation we led, all 36 TSAs were exited with no major customer disruption.

Yes. For integrations, we redesign the combined operating model, consolidate platforms and data, manage the people side of the change, and track the deal benefits until they are banked.

NEXT STEP5 MINUTES

Know where your program stands before the next dollar goes in.