A management buyout is, as its name suggests, the management team of a business buying the business they manage.
Management buyouts (MBOs) are popular routes when majority shareholders want to retire or if the management team feel they can develop the business further and realise its potential.
An MBO can also provide a way for the owners of a company to sell off part of their business after deciding that a particular division will no longer be its core focus.
A management buyout can be very exciting, with big plans being made for the future of the business. They can also be complex and time consuming. When you need to ensure the day to day running of the business is not impacted, instructing a proactive and experienced commercial solicitor to deal with the legal aspects of the transaction is essential.
GA Solicitors’ corporate and commercial team has decades of experience and has dealt with a high number of MBOs, from small family-run businesses to those with multi million pound turnovers.
We’ll take the stress out of the process and ensure you are protected from the outset. We will undertake and consider aspects such as:
- Heads of agreement
- Liaison with funders
- The careful planning and coordination of the deal
- Company formation
- Necessary shareholders’ agreements
- Articles of association
- Companies Act requirements
- Protecting all party’s interests