20 Corporate Spin-Off Examples
A spin-off is not a way of letting go. Every one in this report still holds a tie to its parent, and the differences are in how far, how visible, and how much. Twenty spin-offs, broken down on the three decisions that shape them.
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29 pages · PDF and online- Twenty corporate spin-offs, compared on proximity, visibility and ownership
- The three decisions that determine what kind of spin-off you are making
- A checklist of seven things to settle before you spin anything out
By Ritza Suazo, Innovation Analyst and Leyash Pillay, Head of Marketing
A spin-off is not a way of letting go.
Every spin-off here still has a tie to its parent. What varies is how much: whether the venture sits in the core or well outside it, whether the market can see the connection at all, and how much of it the parent still owns.
keep a tie to the parent, through investment, partnership or equity
of parents retained a majority stake
operate inside the parent's core segments
carry 'powered by' branding; another 45% show no link at all
Figures describe the twenty spin-offs analysed in this report.
The decision is not whether to spin off. It is how far out, how visible, and how much you keep.
Three decisions, and seven things to settle first.
Each spin-off is broken down the same way, so the comparison is about structure rather than sector.
Know the shape of the spin-off you are making
- 1Proximity to coreCore, adjacent, or genuinely radical
- 2Public connectionDirect visibility, powered by, or no link at all
- 3Ownership levelMinority, majority, whole, or independent
Have the seven things settled in advance
- 4Align with the core businessWhat the venture is to the parent
- 5Define incubation and accelerationHow it gets from idea to standing company
- 6Analyse the market positionWhere it competes, and against whom
- 7Build the financial forecastWhat it costs and when it returns
- 8Determine leadershipWho runs it, and who they answer to
- 9Work the legal and tax positionRegulatory and structural implications
- 10Plan for riskWhat happens when it does not go to plan
Built to structure a spin-off, not admire one.
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