Management buy-outs (MBOs) & Management buy-ins (MBIs)
The Hazlewoods Corporate Finance team have completed numerous MBOs / MBIs in a wide range of sectors. We offer hands-on partner support from initial planning to post deal support.
How can we help?
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Initial assessment: Evaluation of financials and commercial issues, funding considerations, vendor discussions, directors' duties and confidential information, suitability of target.
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Valuation: What is the business worth? Quantify valuation parameters.
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Negotiation: Negotiate terms of offer, structure of the transaction and taxation issues. Advice on acquisition tactics.
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Deal management: Liaising with all parties, including funders, lawyers, other financial advisers, valuers, vendors and the management team.
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Funding: Quantify funding requirements. Recommend suitable forms of funding. Approach and negotiate with debt and equity providers.
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Structuring: Consider financial structures - optimise terms of transaction. Advising on the classes of shares. Formation of a new company to act as the investment vehicle.
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Tax planning: Corporate and personal tax planning opportunities, share incentive schemes, VAT, stamp duty, etc.
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Business planning: Preparation of a business plan. Review and appraisal of the financial projections. Evaluation of key sensitivities. Analysis of the business' strengths and weaknesses
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Heads of terms: Preparation of Heads of Agreement, including a period of exclusivity.
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Legal Agreements: Interaction with lawyers on the form and content of shareholder and other agreements.Sale and Purchase Agreement negotiations, to include amongst other things, cash free debt free aspects of consideration, warranties and indemnities.
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Completing the deal: Project managing, liaising with advisors, push the deal through to a successful conclusion.
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After completion: Post deal support; completion accounts, calculation of deferred consideration, 100-day action plans. Provision of ongoing audit and taxation services.
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