Welcome back!
It has been a busy week in spin-off land with both the HON→HONA and SPGI→MBGL transactions taking place. This brings us to a total of 11 spin-offs in H1’26, well on pace to exceed the 13 we saw in 2025.
We’ve covered names like Honeywell in idiosyncratic detail. Today we wanted to take a step back and take a look at the empirical data more broadly.
How have recent SpinCos performed? Do RemainCos get overlooked? Let’s dig into the numbers and see whether Greenblatt’s wisdom still holds true.