Corporate

Andrew Apfelberg, Corporate Partner, shared his insights with C-Store Dive regarding EG Group's consideration of selling its U.S. division instead of pursuing an IPO, noting that a carve-out could be a "very smart" strategy to maximize potential value for shareholders.

Excerpts: 

Selling top-performing assets can be a “very smart” decision for companies looking to repay debt or focus their attention elsewhere, corporate finance attorney Andrew Apfelberg, partner at Greenberg Glusker LLP, said in an interview.

“It can be pretty smart to do a carve-out as opposed to selling the whole company,” Apfelberg said in reference to EG Group offloading EG America. “Once you sell the whole company, you’re sort of done — it’s an all-or-nothing proposition.”