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- Carve-Out - Definition & Why Carve-Out is so important?What is carve-out? A carveout is a subsidiary of a larger company, which is legally and operationally independent from the parent company. A carveout is a business unit that is separate from the main company. It can be set up as a subsidiary, a joint venture, or an independent company.Equity carve-out is a provision of an agreement that specifies the percentage of the company that will be...0 Comments 0 Shares 966 Views 0 Reviews