Management buy-outs (MBOs)
Buy-outs are now one of the most popular forms of acquisition in the UK economy. A management buy-out (MBO) is usually an exciting, once-in-a-lifetime opportunity for managers to own a significant stake in their business. But it can also be a major distraction: the managers must resolve many important issues regarding the structure of the transaction and the raising of funds, while attending to the normal running of the business.

As financial advisers with experience of a large number of buy-outs, our purpose is to help management through each stage of the transaction. We will work to ensure that the right price is paid for the right business with the right financial structure. Our independent advice and support will help avoid the many pitfalls and increase the team's chances of success.  We offer complete transaction management including:

• Feasibility assessment - both of the business and the proposed buy-out
• Valuation of the business - to access the parameters for negotiation
• Financial structuring - to optimise the terms of the transaction
• Capital raising - selection of and approach to the best financial institutions for the client's needs, and help to secure the funds required
• Tax planning - to advise on corporate and personal tax planning opportunities, share incentive schemes, VAT and stamp duty
• Negotiation - with prospective financial backers and the vendors of the target business
• Pensions - to advise on the pensions implications of the buy-out and negotiate with the vendors' pensions advisers
• Completing the buy-out - as we have been through the buy-out process many times, we are well placed to -project manage the transaction to a successful conclusion.

If you are a manager considering a management buy-out, our Practical Guide to MBOs provides further advice. 

For additional information on our MBO related services please contact Paul Lupton or Mark Pacitti, Corporate Finance Partners. 

Management buy-ins (MBIs)

A management buy-in (MBI) has all the features of an MBO but carries much higher risk, because the prospective management team has less familiarity with the business. Nevertheless, MBIs are popular: the concept of merging a proven management team with a business that has yet to realise its full potential has many attractions. We can help to reduce risk by careful analysis of the business' strengths and weaknesses, and by tightly-focused financial investigations.

For additional information on our MBI related services please contact Paul Lupton or Mark Pacitti, Corporate Finance Partners.