Buy Outs can be highly complex transactions and come in a variety of forms, the most common of which are a Management Buy Out (MBO), Management Buy In (MBI), and Investor Buy Out (IBO).

For the management team, Buy Outs present a number of challenges which need to be addressed at the outset. In particular, there are risks that by exploring buy out opportunities, managers may breach the terms of their service contracts and/or general duties to the company. Buy Out discussions typically require managers to disclose confidential business information to prospective funders and inevitably result in managers spending much of their time working on the Buy Out rather than devoting their time to the business of their employer.

Our team is recommended for its Buy Out work. We have a considerable track record of advising sellers (including MBO/MBI teams looking to exit), management teams, investors and financial institutions on all types of Buy Out transactions including MBO's, MBI's and IBO's, secondary Buy Outs and ‘buy and build’ acquisitions.

We are experienced at working with corporate finance accountants and financial institutions to identify the most appropriate structure for MBO/MBI transactions - structures which maximise the opportunity for the management to succeed while at the same time providing a clear exit strategy for investors/institutions.