TECHNOLOGY MEDIA AND TELECOMMUNICATIONS (“TMT”)PROFILE

Transitional Services Agreements (“TSA’s”) have become a key strategic issue in modern M&A. Historically many divestments involved the sale of standalone businesses, or carve-outs of independent business units. Increasingly, however transactions involve the divestment of business units from a core business, which divested units are both intertwined with the remaining core business, and dependent upon an array of services provided by the core business, whilst on the flip-side the divested business itself, may remain (for a transitional period at least) a key supplier of goods or services to the remaining core business from which it was divested.