management buy-in

(redirected from Management buyin)

Management Buy-In

The act or practice of an outside investor buying a controlling interest in a publicly-traded company and leaving the current management intact. That is, unlike most acquisitions, the outside investor does not fire the top or middle level managers and bring in his own managers. Instead, the outside investor usually only places representatives on the board of directors.

management buy-in

the TAKEOVER of a company, or of a division of a company by a small group of shareholders (often ex-managers of the company) who then form the nucleus of a new management team to run the company or division. As with a MANAGEMENT BUYOUT (the takeover of a company by its existing management) management buy-ins are often financed by the issue of loan capital subscribed by financial institutions such as merchant banks and VENTURE CAPITAL specialists. See JUNK BOND/MEZZANINE DEBT.

management buy-in

the purchase of a company, or division of a company, by a small group of shareholders (often ex-managers of the company) who then form the nucleus of a new management team to run the company or division. See MANAGEMENT BUYOUT, VENTURE CAPITAL.
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Unlike the flotation of Saga, which involved retail investors, Acromas has secured the backing of City institutions such as Aviva, Blackrock and Invesco to buy shares worth at least PS930m as part of a management buyin fronted by former Green Flag boss Bob Mackenzie as executive chairman.
The French sold it on following a management buyin with GIL Investments, part of the late David Grove's business empire, in 2004.
M3 advises on pounds 3.5m deal The Birmingham office of M3 Corporate Finance has advised a management team on the pounds 3.5 million management buyin of the specialist products division of information security firm Clearswift.
Since 1985 a significant feature of the UK buy-out market has been the development of the management buyin, where a team of outside managers/entrepreneurs, usually with the assistance of venture capitalists, purchase the equity of a company for which they were not previously working.
Crashed discount bookshop group, The Works, has been saved along with 2,200 jobs following a pounds 25 million management buyin.
In 1993, the company was subject of a management buyin and in 1996 was floated on the stock exchange.
Graham Caunce led a management buyin at one of the the UK's largest independent specialist printers for the brewery and aerospace sectors across Europe.
It might be another of the venture capital firms, or it could be a management buyin via a venture capital group.
Mr Cockayne completed a pounds 1 million management buyin deal to acquire Kaybe with financial support from the Co-operative Bank's Birmingham Corporate Banking Centre.
Seymour Pierce director Jonathan Wright said: 'We're a short way away from each other on price, but it can still happen.' Mr Zockoll, aged 74, last month revealed that he planned to retire and to sell Dyno-Rod, reportedly to management buyin vehicle Dyno, led by chief executive Kevin Mahoney.
He was in the transport industry before arriving at Nightfreight but before joining Nightfreight, Rob spent six months looking for a management buyin. At the time he did not have a job.
Spanish tapas bars and restaurants chain La Tasca changed hands yesterday in a pounds 28.2 million management buyin.