management buy-in


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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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Management buy-in Team Leaders covered a wide variety of ages but with 58.6 per cent being between 36 and 45 and 27.6 per cent 46 and over indicating an age spread more in line with new ventures than buy-outs.
HSBC's Ed White said: "Although management buy-ins are not as commonplace as they once were, we are seeing an increase in interest in this area.
Tait Walker has advised on more management buy-ins than any other regional dealmaker in the last four years; more than 40 through its offices in Gosforth, Stockton and Morpeth.
Management Buy-ins (MBIs) involve a new external management team.
These can range from management buyouts and acquisitions to management buy-ins and MBIs to acquisitions.
She brings over ten years'experience in managing equity investments and has completed hundreds of deals including trade sales, management buy-outs and management buy-ins.
'Deals included a good mix of management buy-outs, mergers and acquisitions and a small number of management buy-ins,' he added.
Some of the money has been used for management buy-ins, management buy-outs, transactional finance and refinancing.
Other members of the Birmingham-based team include Catherine Wall who originally joined Barclays Private Equity in 1984 and has responsibility for management buy-ins and the selection of non-executive directors' Andrew Murtagh who joined in 1998 and led, amongst others, the pounds 147 million MBO of FirstAssist, and Mark Taylor who joined the team in 1994 and led the public-to-private of the Doctors Healthcare Group and the MBO of Femcare.
This was a fast-track scheme aimed at developing graduate talent, and she ended up in corporate banking in the City of London, working on acquisition finance for management buy-ins and buy-outs.
She joins the team headed by partners Ross Cocker and corporate tax partner Manny Sahota and will assist clients in the specialist areas of management buyouts, management buy-ins, start-up businesses and floatations.
The team has expertise across a broad range of corporate finance activity, including lead advisory ( management buy-ins, buy-outs, acquisitions, disposals ( business planning, finance-raising, due diligence, valuations and SFI grant applications.

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