Buyouts

Buyouts

This overview is a guide to the Lexis®PSL Corporate content within the Buyouts subtopic, with links to the appropriate materials.

Private equity buyout transaction toolkit

The Private equity buyout transaction toolkit is a guide to private equity management buyout (MBO) transactions. It provides an overview of each phase of an MBO transaction and the tasks that lawyers are required to complete as part of each phase. The toolkit includes links to Checklists, Precedents (with drafting notes), forms, Practice Notes and an explanation of the key drafting and negotiating points to consider in MBO transactions.

See: Private equity buyout transaction toolkit for a guide to using the toolkit, an overview of the issues it covers and the relevant materials contained within it.

Management buyout background and financing

An MBO, or management buyout, is an investment in which the incumbent management of an established business (with a proven revenue stream and generating positive cashflow) acquires the business with private equity funding.

In most cases management will have a minority stake post-acquisition and the private equity fund will retain the controlling interest. Variations of this form of investment include:

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MBI or

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