Earlier this year, Burgis & Bullock Corporate Finance was voted Management Buy-Outs
Advisory Firm of the Year at the Corporate Livewire's 2015 M&A Awards.
The phased buy-outs
involve installing mechanisms to support the transfer of the business to its employees sometimes over a 10-year period, using the surpluses of the company to fund the buy-out
The secondary buy-out
of the Priory Group at pounds 925 million was the largest exit in 2011.
Insurance company buy-outs
and buy-ins can be a very powerful tool for companies and trustees to manage the risks inherent in providing an occupational pension scheme and can also provide greater security of benefits for scheme members.
The quarter saw the highest overall value of buy-outs
in the region since the second quarter of 2005 (pounds 1.
4m when compared with 2008 - however the fourth quarter of 2009 saw signs that confidence in the region's buy-out
market is returning, with the number of private equity-backed buy-outs
in the region rising to pounds 155m from pounds 69m in the third quarter.
Manufacturing businesses proved to be the most popular targets for deals in the region, with five buy-outs
totalling pounds 8m.
in the UK are lagging way behind European counterparts with the French and Germans surging ahead, a Birmingham expert revealed.
However, although buy-outs
dropped to record levels in 2009, he said there was some positive news in that in the last quarter of the year the volumes of deals picked up.
The Demon Tweeks deal in August saw an eight-strong buy-out
team headed by company chief executive Jon Minshaw acquire the business which supplies the specialist parts and equipment needed by motors ports competitors.
Deloitte and Touche's David O'Flanagan insisted that the turnaround did not imply a downturn in buy-out
activity so much as the unually high-value deals of the previous 12 months.
The recent exit landscape supports this mixed picture - of the 30 exits of buy-outs
from receivership recorded in 2008, 19 went into receivership, seven were the subject of a trade sale and four were the subject of a secondary buy-out