Management buyouts – steps you need to take

Posted on October 1st, by editor in Caring Times. No Comments

|The opportunity for management buyouts (MBOs) in the healthcare sector has never been greater. Altium Capital¹s MIKE FLETCHER shows how they they can be accomplished.| The industry is attracting increasing interest from the venture capital community because of the high quality earning potential of businesses, resulting in many owners seizing the opportunity to cash in on their investments. For management teams this may represent a once in a lifetime opportunity to lead a management buyout funded through a mixture of private equity and bank debt. But where do you begin? The approach The first thing you need to establish is whether you have a willing seller. Such willingness to sell is often demonstrated by owners actively seeking to include management in the early stages of the process, recognising that the support of the incumbent management team will usually provide the best chance of success in attracting outside interest. Also, it is not uncommon for owners to prime the business for sale themselves by re

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