Succession Solution
Not every portfolio/balance sheet cleanup results in a sale or closure. Sometimes it is simply about repositioning business units, changing organizational structures, simplifying them, or reallocating resources.
Often, this requires a replacement in the management team. Either because the realignment was triggered by an involuntary departure, or because the management realignment is part of the strategic fundamental decision.
Likewise, a change of shareholder is repeatedly necessary. Whether because fresh capital is needed, or because a generational change is imminent, with or without family succession.