Beyond the Deal – Why Integration Determines Private Equity Success

Carve-outs are back. In late 2024, 11.8% of U.S. PE buyouts were carve-outs  –  the highest share since 2016. Mid-2025: still 10.6%, well above the five-year average (CBIZ).

For sponsors, the math is simple: more carve-outs = more execution risk. TSAs, stranded costs, Day 1 readiness, and cultural integration can derail the best deal thesis.

The difference between value creation and value leakage? Integration discipline.

At Tenavra, we help private equity sponsors validate costs, orchestrate Day 1, track synergies, and protect talent. See how: https://www.tenavra.com/services