The data room for clean carve outs.
Selling a business unit, subsidiary, or asset group out of a larger corporate. Define what is in scope, what stays with the parent, and what runs on a transition services agreement. All in one room.
Carve out scope
One annual subscription for unlimited rooms. Run a carve out, a refinancing, and a strategic acquisition on the same plan. The cost does not move.
Buyer, buyer counsel, carved out management, parent finance, parent IT, parent HR. Add as many groups as the deal needs. Each one gets its own permission set.
Compliant with SEC 17a-4 and FINRA 4511. The TSA scope dispute that comes up 18 months after close is settled by the audit log, not by recollection.
Drop in the standard 13 folder M&A template.
Built around what buy side counsel and operations diligence teams actually request. Customize the financial folder for carve out adjusted statements, the operations folder for TSA scope, the HR folder for transferring employees.
Start Free Trial →Different access for each side of the table.
Buyer and buyer counsel see the carve out scope and operational detail. Seller corporate dev keeps full access. Carved out unit management sees what they need to run the standalone business. Parent finance keeps what stays. View Watermarked, Download Watermarked, View Original, Download Original. Per group, folder, and file.
Start Free Trial →Built for the moving pieces of a carve out.
Run the carve out alongside other corporate transactions on the same plan. Each one stays separate with its own permissions and audit log.
Buyer, buyer counsel, carved out unit management, parent finance, parent IT, parent HR. Each group gets the access they need and nothing more.
Standard structure mapped to reps and warranties categories. Customize for carve out adjusted financials, TSA scope, and employee transfer workflows.
Buyer questions about scope, TSA term, IT separation, customer assignment, and HR transfers all land in a structured queue. Route to the right team member.
Page level activity, IPs, search queries, print blocked events. Retained per SEC 17a-4 and FINRA 4511. Useful when post close TSA disputes come up 18 months later.
Run the room under your corporate brand and email domain. Buyers see your name, not LockRoom.
Every click, logged.
Carve outs invite questions long after close. TSA performance disputes, customer assignment issues, employee retention claims. The audit log is the permanent record of what each side saw, when. Exportable to PDF or CSV anytime.
Start Free Trial →“A carve out has six stakeholders on the seller side and four on the buyer side. The permissions matrix paid for the platform alone. Parent finance saw what stayed. The unit management saw what they were taking. Buyer counsel saw the diligence package. No emails, no spreadsheet of who can see what.”
Related to your use case.
13 folder M&A template, granular buyer permissions, Q&A workspace, and full audit log.
Audit log retention covers post close TSA disputes, customer assignment, and indemnity claims.
Honest pricing and feature comparison across every major VDR including Datasite and Intralinks.
Run your next carve out on a flat rate.
14 day free trial. Full feature access. No credit card. Spin up the deal room and define the scope in under 5 minutes.