Management Buy Out Solicitors in Manchester

A management buy out (MBO) is a term used to describe the purchase of a company from the owner by its existing management team.

This is normally achieved through the establishment of a new company owned by the management team that will acquire the business in one of two ways:

• When purchasing an incorporated business it is achieved through a share purchase and transfer.
• When purchasing an un-incorporated business, the new company will normally acquire agreed assets and, sometimes, liabilities.

Management buy outs are considered a good way of securing the future of an organisation should the owner wish to retire, or the parent company wish to sell a particular part of the business, because the management team understand the business they are purchasing. Structuring the MBO deal can be an extremely complex process as (in addition to the buyers and sellers) a third party supplier of finance is often involved.

Our solicitors have experience of working on all sides of the deal and will use that expertise to benefit you either as a buyer or as a seller. This means that we can help your MBO progress smoothly, completing the deal as quickly and efficiently as possible whilst ensuring you get the result you need.

How can Business Lawyers Direct Help?

If you are looking to complete an MBO, our experienced commercial solicitors will assist you from the outset, helping you prepare and advising you on sources of funding such as private equity firms and banks that might be available to you. We will also:

• Prepare relevant documentation, including the Share Purchase Agreement
• Negotiate warranties and terms
• Undertake due diligence
• Draft restrictive covenants

If you are planning to sell your business via an MBO, we can also help ensure that you get the best possible result and return on your investment.

Speak to Business Lawyers Direct about your MBO

We regularly guide management teams and business owners through the management buy out process, ensuring the process is completed quickly and efficiently. To speak to a senior solicitor about a potential MBO, or simply to secure some initial advice.

Call Business Lawyers Direct today on 0333 777 8003 or contact us via our online enquiry form and one of our senior solicitors will be pleased to discuss your requirements.