Our solicitors are vastly experienced in assisting businesses of all sizes to facilitate a management buyout. At Blackstone Solicitors, we are able to advise many different types of client, no matter the complexity of the deal.
For more information about how our management buyout team of solicitors can help your business today, contact us on 0345 901 0445 or complete our online enquiry form and a member of the team will call you back at a convenient time.
If you are considering selling your business there are a number of options open to you. These include a private sale to a third party, passing the business over to family members, or even winding up the business altogether. However, one of the most popular options is for a Management Buyout (MBO).
A Management Buyout is when the current management team of the company works together to buy either a total or a majority stake in the company, thus buying out the current owner and taking control of the company themselves.
We are known for our efficiency and ability to get things done; qualities much needed when pushing through a successful management buyout. We will provide professional, pragmatic advice based on our years of experience in this specialist area.
Our team will do all it can to ensure your business is properly represented in any negotiations and will put your interests first at all times. Management buyouts can be highly technical transactions and can involve many different aspects such as employment, intellectual property, property, tax, competition and regulation; we can advise on all these areas and make sure you are in the best possible position for a successful outcome to your negotiations.
Why Legal Help is Important
MBO’s can occur in companies and businesses of any size or any industry, and are a mechanism often employed to buy the existing owners out of the business. However, they can also be used to break a certain department or division of the business away from the main operations, or in some instances to save the company from administration.
Management buyouts can be highly complex. They are incredibly important events that will have an impact on your business, both in the short and long term – it is therefore imperative that you have the best legal experts at your side, not only to ensure everything progresses as it should, but also to make sure your business benefits from the best possible outcome.
There are a number of pros and cons to a management buyout. The advantages include:
- Management buyouts can be considered to be relatively straightforward to arrange. Instead of the expense of going to market to find a buyer, you have a potential buyer on your doorstep
- Business confidentiality can be maintained.
- Companies purchased from within often have a higher chance of success than those purchased by external buyers.
The disadvantages include:
- Problems in raising finance for the incoming MBO team.
- Owning vs running a business challenges for the new MBO team.
- Is the business being sold at full market value?
- Managing the departure of the current owner can be problematic.
A management buyout can represent an important opportunity to exit or grow your business; with the right legal assistance you can ensure you make the most of these opportunities as and when they arise.
We are able to assist with any aspect of a management buyout and will guide you through the technicalities of the process in a clear and concise way. We have a team of experienced solicitors well versed in management buyouts who are ready to assist you and assess as to whether this is the best mechanism to sell your business.
Get in Touch
Find out more about our services and how our management buyout solicitors can assist you and your business by getting in touch. We have offices in Cheshire and London and are able to serve clients across the North West, including Chester and Manchester, as well as throughout the UK and also overseas.