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Finance Dictionary and Glossary of Investment Terms
Carve-out (Equity Carve-Out)
Definition 1.
1. Sometimes known as a partial spinoff, a carve out occurs when a parent company sells a minority (usually 20% or less) stake in a subsidiary for an IPO or rights offering. 2. Where an established brick-and-mortar company hooks up with venture investors and a new management team to launch an Internet spinoff.
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