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BUY-OUTS |
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An opportunity to participate fully
in the enterprise value you create in the business you run |
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As your lead financial adviser, Corbett
Keeling will raise the funds you require and advise on all aspects
of the buy-out including when to approach the owners and how to
prepare the approach, structuring funding so it works for the long-term
and helping you keep ahead of other buyers |
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“The team at Corbett Keeling was imaginative
and resourceful in finding the best possible investor to finance
the management buy-out of Towry Law Insurance Brokers. They also
played a crucial role in negotiating with the vendors and providing
general guidance on the legal and financial intricacies of the
deal. They were always available and responsive. It was a pleasure
to work with them.”
MARTIN WRIGHT, CORBETT KEELING'S CLIENT
AND LEADER OF THE BUY-OUT TEAM
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“Corbett Keeling were my financial advisers
on the successful management buy-out of BigHead Bonding Fasteners
Limited. Their advice throughout the transaction was excellent;
they have very good access to both equity and debt funds, and
played a crucial role in negotiating detailed funding terms. CK
also provided invaluable help in reaching agreement with the vendor
on price, and their sector expertise was a key factor in consummating
the deal.”
BRIAN GIDDINGS, MANAGING DIRECTOR, BIGHEAD
BONDING FASTENERS LTD
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Management Buy-Outs
| A particular specialisation
def: Management Buy-Out (“MBO”)
– when a business is sold to some or all of the existing management
team.
The chance to carry out an MBO is often a “once
in a lifetime” opportunity for a management team to make substantial
amounts of money for themselves. The skill is to recognise the opportunity
before it becomes widely apparent and to get a specialist adviser working
with you from the outset. The opportunity may arise when:
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a part of a group or company is no
longer seen as a core activity in future strategy; |
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a group or company is in financial difficulties
and may need to sell an operation to raise cash; or |
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in a family business, the owner plans
full or partial retirement. |
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Corbett Keeling
draws on many of its specialist corporate finance skills as it guides
the MBO team from initial discussions with the current owner(s) of the
business through to completion, often working on a contingent basis
– that is, with fees only payable on successful completion. The
firm works closely with clients, providing a range of services, including:
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assistance with developing the business
plan and financial model; |
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advice on valuation of the business
and suitable forms of funding; |
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securing finance; |
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acquisition tactics and assistance with
negotiations, stressing to owners the advantages of an MBO; |
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project management of the transaction,
leaving the MBO team free to concentrate on running the business;
and |
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assistance with closure of the transaction. |
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We talk your language:
With the firm’s operational as well as corporate
finance expertise (Corbett Keeling’s associates have had operational
roles in a wide cross-section of businesses valued at up to £150m),
we will be able to guide you through the MBO process in language
you understand. We talk the talk, as well as walk the walk with
you.
Contact
us for a confidential, free first meeting
to discuss your situation.
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