An authoritative guide to Management Buy Outs
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Richard Feltham is an experienced Corporate Financier working for a large independent firm who has been active in the MBO and corporate finance transactions market for over 20 years. Richard has advised a whole range of corporate buyers and sellers from large multinational quoted companies to owner managers and management teams plus related financiers. Richard particularly enjoys advising management teams on buyout transactions and has good contacts with financing sources including banks and private equity.
“I have always got a huge amount of satisfaction helping management teams to buy the business they work in and seen many go on to make a great success of their new roles and often create a large amount of personal wealth. The human aspects of the transaction, such as, getting the team balance right and handling the negotiations with the selling shareholders in a positive and constructive manner are crucial and if handled correctly lead to a great sense of achievement on all fronts”.
“ The mid-80’s were the formative years of this type of transaction and having advised regularly since then, it is interesting to see the market move on subtly and mature. How much a business is worth in different economic and market climates and the cycles in terms of debt and equity availability have to be at the forefront of anadviser’s mind as much as the need to handle personalities with sensitivity and understanding. People drive the deals but in the end the funders hold the purse-strings. Any adviser needs to keep well up to speed with a range of factors that may affect whether a deal ultimately happens and this makes the MBO market exciting and challenging. They are great transactions to get involved in and I am fortunate to have been involved in a large number of these transactions over recent years. The current climate is tough but the right deals are still getting funding. I would recommend this site to help you on your journey towards an MBO, but whatever stage you are at in the process make sure you get advice from a specialist adviser such as myself who will provide the right support to help you reach your goal.”