The term hive up is commonly used to describe a type of restructure within a group of companies when the net assets of, and business undertaken by, a subsidiary are transferred up into the parent company.

What is hive down?

A “hive-down” involves transferring the most valuable parts of a business (that is usually insolvent) to a wholly owned subsidiary and then selling off the subsidiary. ... Crucially, as a company and its business are separate, debts of the company won't be transferred to the new subsidiary.

What is a hive down UK?

A hive down is the transfer of all or part of the business or assets of a company to a new company (the hive down company), followed by a sale of the shares in the hive down company to a third party.