A separation where a parent distributes shares of a subsidiary to its own shareholders, creating an independent, separately traded company.
An acquisition in which two or more private equity firms join forces to buy a target together, sharing the equity check, governance, and risk.
A deal where the buyer acquires the target's shares directly, stepping into the entity and inheriting all of its assets and liabilities.
A separation where shareholders exchange parent shares for shares of a subsidiary, so the parent's share count shrinks as the unit becomes independent.
A reshaping of a company's mix of debt and equity — often adding leverage to return cash to owners — without necessarily changing who runs the business.
A combination of two similarly sized companies framed as a partnership of peers, usually all-stock, with shared governance rather than one buying the other.