Summary
Management buyouts are a major part of the Midlands deal market but what makes a successful MBO? Roger Buckley, corporate finance partner at BDO LLP in Birmingham, outlines his key ingredients They often say that the best properties are sold on 'location, location, location', whereas a management buyout success depends on 'management, management, management'. And it's true, the most important ingredient in any management buyout is the management team itself. The key is a genuine team which can drive a business forward and be successful, almost irrespective of the market. Good businesses with good management can succeed in poor markets.
The first ingredient is a balanced team that work cohesively and efficiently together so you are covering all the bases in taking the business to the next stage. Typically you will have a chief executive, finance, sales and marketing, operations and depending on the type and size of business, others as well. The management team should be of one mind and agreed on wanting to seize the opportunity to take forward the business under their own ownership.See the full content of this document
Extract
The Key Ingredients for a Successful a Buyout
The sense of achievement that they get when they are the owners of a successful business is very different to working for someone else.
Many managers use words such as...See the full content of this document
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