Divestiture without a Bank - The Definitive Guide (2021)

· EPISODE

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Execute a Divestiture Without Using a Bank

Bankers have a massive role in the M&A industry, and often, they help buyers and sellers connect and close deals. But regardless of popular belief, with the right amount of dedication and resources, a company can execute divestitures without a bank.

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Russ Hartz, VP Corp Dev at Ansys (NASDAQ: ANSS)

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‍“Successful divestitures require rigorous planning that could take many months. If you rush to sell a business, you significantly reduce the value of that business.” - Russ Hartz

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In this episode, Russ Hartz, VP Corp Dev at Ansys, walks us through the process of executing a divestiture without using a bank.

Russ explains the preparation required to divest a business, how to come up with a buyer's pool, and how to select the right buyer for your business.

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Russ Hartz

Russ Hartz is VP of Corporate Development at GlobalFoundries, where he leads corporate development and M&A activity. He previously led corporate development at Ansys and SAP, with deep experience across M&A strategy, deal sourcing, transaction execution, investments, divestitures, and post-merger integration. He has also appeared on M&A Science to discuss building a corporate development function and synchronizing deal and integration teams.

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