Carve-outs are powerful tools for driving transformation, enabling businesses to separate underperforming or non-core units for improved efficiency and growth. This comprehensive guide dives into the definition of carve-outs, explores various types such as spin-offs and equity carve-outs, and details the process from planning to execution. Discover how carve-outs can create shareholder value, reduce complexity, and enhance strategic focus—making them an essential element in corporate restructuring and M&A scenarios.