Crossword Genius

Promoted partner after demerger dealt with new organisation (7)

Ross

I believe the answer is:

exalted

I'm a little stuck... Click here to teach me more about this clue!

'promoted' is the definition.
The answer and definition can be both to do with communicating as well as being past participle verbs.
Maybe they are linked in a way I don't understand?

'partner after demerger dealt with new organisation' is the wordplay.
I cannot quite understand how this works, but
'partner' could be 'e' and 'e' is located in the answer.
an anagram of 'dealt' is 'alted' which is within the answer.
A single letter 'x' remains which might be clued in a way I don't see.
This may be the basis of the clue (or it may be nonsense).

Can you help me to learn more?

(Other definitions for exalted that I've seen before include "Elevated and glorified" , "August" , "Rasied high, glorified" , "Raised or praised highly" , "Raised high, glorified" .)

I've seen this clue in The Guardian.
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