Inside the Management Buyout
By Richard H. Westcott
Financial Times / Pearson Education
131 Pages, 8 1/4" x 11 3/4"
$260.00 Paper Original
At a time when many sound companies are too small, undervalued or otherwise
unwanted by institutional investors, there are many possible opportunities for
management to take the initiative to leave the listed sector. Management buyouts
(MBOs) offer the chance to both get off the stock market treadmill and to make
significant capital profits. Management teams undertaking an MBO need to understand
the complexities and risks involved.
This briefing provides a detailed insight into the workings of an MBO, the processes
involved, the risks, the financing, the documentation and the negotiation of
the deal itself. For the cost of less than half an hour of a lawyer's time,
it will put you on a fairer level with the equity backers and the professionals
in any negotiation.
Contents include - Outline timetable, Background to the MBO, Setting the process
in motion, Due diligence, Banking arrangements, The business plan and model,
The legal documents, The negotiation and structure of the transaction, The acquisition
of the business, The conduct of the offer and closing the deal.
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