Management Buyouts: A Guide for the Prospective Entrepreneur

by Ian Webb

Emerging on a large scale in the late 1970s, management buy-outs have been one of the most prominent and successful aspects of the enterprise culture over the last decade. Managers who were formerly destined to spend their working lives serving corporations, suddenly found there was a way of gaining control and securing a large share of the equity in a tax efficient manner. Businesses were saved, corporate successions were assured and neglected activities were managed more aggressively. Many, many fortunes have been made in the process.
The second edition of this highly successful book introduces buy-outs and provides a practical guide for those who are associated with bankers, professional advisers and, above all, the buy-out team participants. The context in which opportunities arise, the assessing, planning and achievement of a buy-out are explained and the main financial, legal and tax issues outlined. Written primarily from the standpoint of the entrepreneur, five cases illustrate both the huge demands made of buy-out teams and the very substantial rewards.

163 pages, Hardcover

First published September 13, 1990

Reviews

[Juha Usva · Rating 4 out of 5]

Published a Finnish version of this with Toimialakonsultit Oy...