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separation
A multi-billion-dollar energy company successfully launches an MLP
IPO and separates into two new companies that are ready to run on
Day One.
Executive Summary
Client challenge:
To plan and execute a Master
Limited Partnership (MLP) and a
major spin-off by:
Evaluating the costs and challenges of
various MLP and separation plans.
Addressing the operations and
transaction complexities, industry
regulations and tax laws as well as
NYSE and SEC requirements.
Preparing for the possibility of
business disruptions.
PwC’s solution:
Helping to design and implement an
MLP formation and operations
separation plan across all
departments and workstreams by:
Working with department heads on
separation analysis and execution,
financial modeling, and transaction
planning.
Power & Utilities Using a minimal-risk “clone and go”
May 2016 approach to set up the new entities.
Dealing with the tax modeling and
public offering associated with
Optimizing Deals creating an additional MLP.
Aligning costs with business strategy Impact on client’s business:
Growing and creating a competitive advantage The MLP raised over $1 Billion.
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