
Certified M&A Separation Associate
Your next career step starts here
Corporate separations are complex undertakings that demand strategic foresight and precision. The M&A Separation Associate certificate programme at Frankfurt School of Finance & Management equips participants with the expertise to plan and execute carve-out projects efficiently and successfully. The programme covers the financial, legal and organisational dimensions of separation processes, always considering the interests of all stakeholders. The training is designed for professionals who wish not only to support separations, but to actively lead and shape them.
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Corporate separations are complex undertakings that demand strategic foresight and precision. The M&A Separation Associate certificate programme at Frankfurt School of Finance & Management equips participants with the expertise to plan and execute carve-out projects efficiently and successfully. The programme covers the financial, legal and organisational dimensions of separation processes, always considering the interests of all stakeholders. The training is designed for professionals who wish not only to support separations, but to actively lead and shape them.

REGISTRATION
REGISTRATION
Online
Your Benefits
Lead post-merger integrations to success by managing culture, strategy and synergies with confidence and creating long-term value after the deal.
- Be part of Germany’s # 1 Business School for Executive Education.
- Learn from industry experts with real-world experience.
- Gain a recognized certificate to boost your career profile.
- Benefit from the active international Frankfurt School community.

Advance Your Career
High-impact programs to boost your skills and network.
High-impact programs to boost your skills and network.
Target group
METHODOLOGY
CONTENTS
STRUCTURE
Carve Out Framework
After discussing complexity driver of a Carve Out, Module 1 gives an overview of the major phase and the key tasks in a Carve Out process. Module 1 also discusses the impact of the M&A process on the nature and the timing of key tasks in a Carve Out process. Further, Module 1 describes how teams of experts need to work together during a Carve Out project.
Carve Out context
- Divestment approaches
- Degree of entanglement
- Complexity driver
Carve Out process
- Blueprinting Phase
- Preparation Phase
- Execution Phase
- Operational Separation
- People Alignment
Carve Out process and divestment approach
- M&A process
- Type of buyers
- Due Diligence
- Signing
Carve Out project organization
- Teams of experts
- Project Management
- Steering Committee
- Workout
Lesson learned
Self Check
People Alignment
After describing the typical emotional reaction of employees who are part of a Carve Out, Module 2 presents communication measures to sustain organizational morale and productivity during a Carve Out process. Module 2 also presents approaches to identify, retain and motivate key people as well as to align key people’s interests with the overall objectives of a Carve Out.
The individual‘s perspective
- Feelings of uncertainty
- Change path
- Workout
- Case
- Expert statement
Communication
- Communication needs
- Communication limitations
- Communication measures
- Workout
Key people
- Carve Out’s key people
- RemainCo’s key people
- Workout
- Case
- Expert statement
- Key people’s interests
Incentives
- Monetary rewards
- Opportunities w/in the Carve Out
- Recognition experiences
- Excursus
Lesson learned
Self Check
Operational Separation
After detailing how to determine the scope of a Carve Out, Module 3 describes how to develop the target operating model of a Carve Out. Further, Module 3 discusses lead time requirements to ensure a timely Day 1 as well as the role of Transitional Services to ensure the business continuity of a Carve Out. Module 3 also discusses separation costs and dissynergies that need to be considered when carving out assets or businesses.
Scope
- Scoping guidelines
- Continuing Services
- Case
- Expert statement
- Workout
Target operating model
- Processes
- People
- Platforms
- Fit-for-purpose TOM
- Case
- Expert statement
- Workout
Separation plan
- Lead time requirements
- Example: IT separation
- Case
- Expert statement
- Workout
Transitional Services
- Transitional Service Agreement
- Delivery model
- Case
- Expert statement
- Workout
Separation costs and dissynergies
- Separation costs
- Stranded costs
- Dissynergies
Lesson learned
Self Check
STRUCTURE
Carve Out Framework
After discussing complexity driver of a Carve Out, Module 1 gives an overview of the major phase and the key tasks in a Carve Out process. Module 1 also discusses the impact of the M&A process on the nature and the timing of key tasks in a Carve Out process. Further, Module 1 describes how teams of experts need to work together during a Carve Out project.
Carve Out context
- Divestment approaches
- Degree of entanglement
- Complexity driver
Carve Out process
- Blueprinting Phase
- Preparation Phase
- Execution Phase
- Operational Separation
- People Alignment
Carve Out process and divestment approach
- M&A process
- Type of buyers
- Due Diligence
- Signing
Carve Out project organization
- Teams of experts
- Project Management
- Steering Committee
- Workout
Lesson learned
Self Check
People Alignment
After describing the typical emotional reaction of employees who are part of a Carve Out, Module 2 presents communication measures to sustain organizational morale and productivity during a Carve Out process. Module 2 also presents approaches to identify, retain and motivate key people as well as to align key people’s interests with the overall objectives of a Carve Out.
The individual‘s perspective
- Feelings of uncertainty
- Change path
- Workout
- Case
- Expert statement
Communication
- Communication needs
- Communication limitations
- Communication measures
- Workout
Key people
- Carve Out’s key people
- RemainCo’s key people
- Workout
- Case
- Expert statement
- Key people’s interests
Incentives
- Monetary rewards
- Opportunities w/in the Carve Out
- Recognition experiences
- Excursus
Lesson learned
Self Check
Operational Separation
After detailing how to determine the scope of a Carve Out, Module 3 describes how to develop the target operating model of a Carve Out. Further, Module 3 discusses lead time requirements to ensure a timely Day 1 as well as the role of Transitional Services to ensure the business continuity of a Carve Out. Module 3 also discusses separation costs and dissynergies that need to be considered when carving out assets or businesses.
Scope
- Scoping guidelines
- Continuing Services
- Case
- Expert statement
- Workout
Target operating model
- Processes
- People
- Platforms
- Fit-for-purpose TOM
- Case
- Expert statement
- Workout
Separation plan
- Lead time requirements
- Example: IT separation
- Case
- Expert statement
- Workout
Transitional Services
- Transitional Service Agreement
- Delivery model
- Case
- Expert statement
- Workout
Separation costs and dissynergies
- Separation costs
- Stranded costs
- Dissynergies
Lesson learned
Self Check
STRUCTURE
Carve Out Framework
After discussing complexity driver of a Carve Out, Module 1 gives an overview of the major phase and the key tasks in a Carve Out process. Module 1 also discusses the impact of the M&A process on the nature and the timing of key tasks in a Carve Out process. Further, Module 1 describes how teams of experts need to work together during a Carve Out project.
Carve Out context
- Divestment approaches
- Degree of entanglement
- Complexity driver
Carve Out process
- Blueprinting Phase
- Preparation Phase
- Execution Phase
- Operational Separation
- People Alignment
Carve Out process and divestment approach
- M&A process
- Type of buyers
- Due Diligence
- Signing
Carve Out project organization
- Teams of experts
- Project Management
- Steering Committee
- Workout
Lesson learned
Self Check
People Alignment
After describing the typical emotional reaction of employees who are part of a Carve Out, Module 2 presents communication measures to sustain organizational morale and productivity during a Carve Out process. Module 2 also presents approaches to identify, retain and motivate key people as well as to align key people’s interests with the overall objectives of a Carve Out.
The individual‘s perspective
- Feelings of uncertainty
- Change path
- Workout
- Case
- Expert statement
Communication
- Communication needs
- Communication limitations
- Communication measures
- Workout
Key people
- Carve Out’s key people
- RemainCo’s key people
- Workout
- Case
- Expert statement
- Key people’s interests
Incentives
- Monetary rewards
- Opportunities w/in the Carve Out
- Recognition experiences
- Excursus
Lesson learned
Self Check
Operational Separation
After detailing how to determine the scope of a Carve Out, Module 3 describes how to develop the target operating model of a Carve Out. Further, Module 3 discusses lead time requirements to ensure a timely Day 1 as well as the role of Transitional Services to ensure the business continuity of a Carve Out. Module 3 also discusses separation costs and dissynergies that need to be considered when carving out assets or businesses.
Scope
- Scoping guidelines
- Continuing Services
- Case
- Expert statement
- Workout
Target operating model
- Processes
- People
- Platforms
- Fit-for-purpose TOM
- Case
- Expert statement
- Workout
Separation plan
- Lead time requirements
- Example: IT separation
- Case
- Expert statement
- Workout
Transitional Services
- Transitional Service Agreement
- Delivery model
- Case
- Expert statement
- Workout
Separation costs and dissynergies
- Separation costs
- Stranded costs
- Dissynergies
Lesson learned
Self Check
DETAILS AND CONDITIONS
Degree
Certified M&A Separation Associate
Price
When booking 2 of our M&A online trainings, you will receieve a 10% discount. Book 3, and you will be entitled to a 20% discount.*
Those inlcude: Certified M&A Associate, Certified M&A Integration Associate, Certified M&A Separation Associate, and Certified M&A Associate (JV&A)
FAQ
For specialists and managers who are responsible for or involved in separation projects in companies.
The programme covers the Carve-Out Framework, People Alignment, and Operational Separation including the strategic planning of separation processes, effective stakeholder alignment, and the operational implementation of carve-outs to ensure a successful Day 1.
The three modules take around 10-12 hours to complete.
Participants work on a case study and submit a written assignment. They defend this in an oral online examination.
Upon successful completion of the programme, you will receive the ‘Certified M&A Separation Associate’ from Frankfurt School.
WE ARE HERE FOR YOU
Together, we'll find the right path for your professional development.
+49 69 154008-9302
seminare@fs.de

