Solicitors in Essex & London
Sometimes the company founders need not look too far to find their successors. Offering unparalleled continuity of personnel and understanding of the business, a company’s existing management team is well placed to take up the reins of the business for a smooth succession. This is often referred to as a “Management Buy Out” or MBO for short and can be financed by either private equity or debt. Our company commercial solicitors in Essex and London have unrivalled experience of dealing with management buyouts across the country.
Alternatively, a similar but different approach occurs if the management group leading the acquisition originates outside the company. Although they will be less familiar with the business than with an MBO, they may offer unique external perspective and bring valuable industry skills. Such an alternative is known as a “Management Buy In” or MBI.
Our legal business specialists across Essex and London can guide you through the various stages, negotiate the terms, and consider proposals from both a legal and commercial perspective. We are able to act for either the retirees, the new team, or offer specific advice to participating individuals as and when required.
If you are contemplating either a management buyout or buy-in and would like further legal advice on next steps, contact our specialist company and commercial law team in Essex and London for a free, no-obligation initial consultation. We offer telephone conferences alongside face-to-face meetings and are happy to meet with yourselves onsite at your own business premises or at any of our five offices located in Essex and London.