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Be a prepared seller:
Divestitures accounting and
tax considerations
Deloitte poll results
May 2023
Be a prepared seller: Divestitures accounting and tax considerations
Copyright © 2023 Deloitte Development LLC. All rights reserved. 2
Methodology
520+
M&A professionals were polled online during
a Deloitte webcast titled “Be a prepared
seller: Divestitures accounting and tax
considerations” on January 25, 2023. Answer
rates differed by question.
In some instances, immaterial amounts (e.g., +/-
0.1%) have been added to or removed from the
“Don’t know/not applicable” answer responses to
bring results to 100% total for each question.
Be a prepared seller: Divestitures accounting and tax considerations
Copyright © 2023 Deloitte Development LLC. All rights reserved. 3
During the next 12 months, how many divestitures is your company likely to pursue?
Don’t know / not applicable = 26.0%
Votes received 1,136
None
1-2 3-4
47.9% of M&A pros are likely
to pursue a divestiture in the
next 12 months
26.1%
7.5%
40.4%
Be a prepared seller: Divestitures accounting and tax considerations
Copyright © 2023 Deloitte Development LLC. All rights reserved. 4
During the next 12 months, which type of divestiture(s) is your organization most likely to pursue?
Don’t know / not applicable = 14.6% for M&A professionals who are likely to pursue a divestiture in the next year
Votes received 522 (snapshot of just M&A professionals who are likely to pursue a divestiture in the next year)
Spin-off (e.g., split a business unit under its original
parent company)
Sell-off (e.g., sale of a business unit or company to
another organization)
Equity carve-out (e.g., partial sale of a business unit
to the public markets via IPO)
De-merger (e.g., split a business unit and dissolve
parent company)
13.8%
54.4%
13.8%
3.3%
Be a prepared seller: Divestitures accounting and tax considerations
Copyright © 2023 Deloitte Development LLC. All rights reserved. 5
Votes received 1,696
During the next 12 months, which is most likely to drive your organization's divestiture of assets?
Don’t know / not applicable = 27.4%
24.2%
20.0% 19.8%
8.6%
Need to divest
noncore assets
Need to raise cash to
support future
operations
Need to strengthen
the balance sheet
(incl. divestment of
underperforming
assets)
Need to improve the
organization’s ESG
profile
Be a prepared seller: Divestitures accounting and tax considerations
Copyright © 2023 Deloitte Development LLC. All rights reserved. 6
Votes received 1,437
During the next 12 months, do you expect the duration and extent of buyer-requested divestiture due
diligence to change?
Don’t know / not applicable = 23.7%
6.4%
34.7%
35.2%
Yes, increase
Yes, decrease
No change
Be a prepared seller: Divestitures accounting and tax considerations
Copyright © 2023 Deloitte Development LLC. All rights reserved. 7
Media Contacts
Christine Oh
Public Relations
Deloitte & Touche LP
chrisoh@deloitte.com
Taylor Graham
Public Relations
Deloitte Services LP
tagraham@deloitte.com
About Deloitte
Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each
of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or
more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to
attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms.
Copyright © 2023 Deloitte Development LLC. All rights reserved.
The statements in this report reflect the aggregation of poll responses and are not intended to reflect facts or opinions of any entities. All data, charts and statistics referenced and presented, as
well as the representations made and opinions expressed, unless specifically described otherwise, pertain only to the participants and their responses to the Deloitte poll. The information
obtained during the poll was taken “as is” and was not validated or confirmed by Deloitte.
This presentation contains general information only and Deloitte is not, by means of this presentation, rendering accounting, business, financial, investment, legal, tax, or other professional
advice or services. This presentation is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before
making any decision or taking any action that may affect your business, you should consult a qualified professional advisor.
Deloitte shall not be responsible for any loss sustained by any person who relies on this presentation.

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Divestiture Trends: 2023 Could See More Sell-Offs, but Expect Lengthier and More Extensive Diligence

  • 1. Be a prepared seller: Divestitures accounting and tax considerations Deloitte poll results May 2023
  • 2. Be a prepared seller: Divestitures accounting and tax considerations Copyright © 2023 Deloitte Development LLC. All rights reserved. 2 Methodology 520+ M&A professionals were polled online during a Deloitte webcast titled “Be a prepared seller: Divestitures accounting and tax considerations” on January 25, 2023. Answer rates differed by question. In some instances, immaterial amounts (e.g., +/- 0.1%) have been added to or removed from the “Don’t know/not applicable” answer responses to bring results to 100% total for each question.
  • 3. Be a prepared seller: Divestitures accounting and tax considerations Copyright © 2023 Deloitte Development LLC. All rights reserved. 3 During the next 12 months, how many divestitures is your company likely to pursue? Don’t know / not applicable = 26.0% Votes received 1,136 None 1-2 3-4 47.9% of M&A pros are likely to pursue a divestiture in the next 12 months 26.1% 7.5% 40.4%
  • 4. Be a prepared seller: Divestitures accounting and tax considerations Copyright © 2023 Deloitte Development LLC. All rights reserved. 4 During the next 12 months, which type of divestiture(s) is your organization most likely to pursue? Don’t know / not applicable = 14.6% for M&A professionals who are likely to pursue a divestiture in the next year Votes received 522 (snapshot of just M&A professionals who are likely to pursue a divestiture in the next year) Spin-off (e.g., split a business unit under its original parent company) Sell-off (e.g., sale of a business unit or company to another organization) Equity carve-out (e.g., partial sale of a business unit to the public markets via IPO) De-merger (e.g., split a business unit and dissolve parent company) 13.8% 54.4% 13.8% 3.3%
  • 5. Be a prepared seller: Divestitures accounting and tax considerations Copyright © 2023 Deloitte Development LLC. All rights reserved. 5 Votes received 1,696 During the next 12 months, which is most likely to drive your organization's divestiture of assets? Don’t know / not applicable = 27.4% 24.2% 20.0% 19.8% 8.6% Need to divest noncore assets Need to raise cash to support future operations Need to strengthen the balance sheet (incl. divestment of underperforming assets) Need to improve the organization’s ESG profile
  • 6. Be a prepared seller: Divestitures accounting and tax considerations Copyright © 2023 Deloitte Development LLC. All rights reserved. 6 Votes received 1,437 During the next 12 months, do you expect the duration and extent of buyer-requested divestiture due diligence to change? Don’t know / not applicable = 23.7% 6.4% 34.7% 35.2% Yes, increase Yes, decrease No change
  • 7. Be a prepared seller: Divestitures accounting and tax considerations Copyright © 2023 Deloitte Development LLC. All rights reserved. 7 Media Contacts Christine Oh Public Relations Deloitte & Touche LP chrisoh@deloitte.com Taylor Graham Public Relations Deloitte Services LP tagraham@deloitte.com
  • 8. About Deloitte Deloitte refers to one or more of Deloitte Touche Tohmatsu Limited, a UK private company limited by guarantee (“DTTL”), its network of member firms, and their related entities. DTTL and each of its member firms are legally separate and independent entities. DTTL (also referred to as “Deloitte Global”) does not provide services to clients. In the United States, Deloitte refers to one or more of the US member firms of DTTL, their related entities that operate using the “Deloitte” name in the United States and their respective affiliates. Certain services may not be available to attest clients under the rules and regulations of public accounting. Please see www.deloitte.com/about to learn more about our global network of member firms. Copyright © 2023 Deloitte Development LLC. All rights reserved. The statements in this report reflect the aggregation of poll responses and are not intended to reflect facts or opinions of any entities. All data, charts and statistics referenced and presented, as well as the representations made and opinions expressed, unless specifically described otherwise, pertain only to the participants and their responses to the Deloitte poll. The information obtained during the poll was taken “as is” and was not validated or confirmed by Deloitte. This presentation contains general information only and Deloitte is not, by means of this presentation, rendering accounting, business, financial, investment, legal, tax, or other professional advice or services. This presentation is not a substitute for such professional advice or services, nor should it be used as a basis for any decision or action that may affect your business. Before making any decision or taking any action that may affect your business, you should consult a qualified professional advisor. Deloitte shall not be responsible for any loss sustained by any person who relies on this presentation.