TY - GEN AU - Nash, Andy TI - The MBO guide for management teams : : real-life lessons from the front line / SN - 9781906659004 AV - HD2746.55.G7 .N241 2011 PY - 2011/// CY - Petersfield : PB - Harriman House, KW - Management buyouts KW - Great Britain. KW - Management buyouts. KW - Great Britain N1 - Includes index; Acknowledgements About the Author Foreword by Chris Allner, Octopus Ventures Introduction 1. The Market and Some Basic Principles The private equity market Why do a deal? Are you sure you really want to do a deal? How does an MBO/MBI work? How many deals are done in the UK? 2. Finding a Deal How opportunities arise Sources of MBOs/MBIs Private companies Public companies Research Marketing phase 3. Getting in Shape for the Deal The eight Ps A strong and united management team 4. Doing the Deal - a White Knuckle Ride Advisors: assembling your team Auction-busting! Highlights and stages of the six- to nine-month MBO/MBI process Elephant traps to avoid 5. Board Structure and Behaviour Good board/bad board Chairman and non-executive directors Investor relations 6. Running an MBO/MBI What's changed? Mind your four Cs Hit the ground running Post-completion priorities Getting organised: the key areas to focus upon Unique pressures 7. Success or Failure The $64,000 question: what are your chances of success? Common causes of underperformance: what are they? Main drivers of success in MBOs/MBIs The work-out situation 8. The MBO/MBI Scorecard 9. Real Deals Scorecard results Taunton Cider Ltd Tubex Ltd Maybridge plc Webbs Country Foods Ltd Cloverleaf Group Ltd Ashford Colour Press Ltd Dennis Eagle Ltd ICA Ltd The History Press Ltd Tristar Worldwide Ltd Intercontinental Brands Ltd 10. The Exit Desires of management Management: realising cash from the exit Investor needs and expectations Importance of timing Prerequisites Exit timing - what is realistic? Exit value Types of exit Advisors Management's tax planning 11. After the Exit Corporate issues Personal Options 12. 12 Golden Rules for Management Teams Market conditions and outlook Recommended Reading Appendix Example analysis - Taunton Cider Index N2 - This book is aimed at prospective and existing managers of a Management Buy-Out or Management Buy-In. MBO / MBIs are inherently risky with failure rate being relatively high. This book can increase your chances of success, by describing some common elephant traps, bad practices and risks, and how best to avoid them. ER -