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.

• 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