Buy-In Management Buy-Out

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Buy-In Management Buy-Out

Also called a BIMBO. A situation in which both the current managers of a company and one or more outside investors collectively purchase a controlling interest in the company. A BIMBO is thought to give the new owners both the experience of the current management and new ideas from the outside investors.
References in periodicals archive ?
7 million buyin management buyout of Town & Country Flooring.