newco

noun2

1. •
   A new company, especially one spun-off from or replacing an existing company as a legal fiction to maintain ownership over an entity while separating it from the old company financially.

   • As described in the previous section, a leveraged buyout by a Newco that does not result in a change of control is treated as a recapitalization and EITF 88-16 prescribes the use of predecessor basis. — 1999
2. •
   A placeholder name for a business in textbooks.

   • For this example, we're going to assume that a new company (we will call it NewCo) is going to build brick homes in the $250,000 price range. — 2008