While some relationships are solidified over Valentine’s Day, others are meant to end. Some end quietly. Some end loudly. And some end with a carefully negotiated carve-out, multiple lawyers on speed dial, and a shared ERP that refuses to let go. For M&A Advisory firms, carve-outs are the corporate equivalent of a grown-up breakup. Everyone agrees it is for the best. Everyone promises to stay professional. And then technology gets involved and reminds both sides why this was complicated in the first place. From an M&A Advisory and execution standpoint, carve-outs are not about separation alone. They are about survival. […]