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By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

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  • Overview

    We acted for an office furniture company in a management buy-out including cross jurisdictional negotiation.

    Our client company was the UK distribution arm of its German parent company – a manufacturer of ergonomic office chairs. The board of the German parent company decided to sell its shares in our client company as part of its succession planning. The buyers were individuals who at the time, were also minority shareholders and members of the board of our client.

    The transaction required negotiation of the share purchase agreement (including rights of first refusal for the German parent company should the individual shareholders decide to sell), supply and distribution agreements and agreements terminating finance arrangements and a Shareholders’ Agreement between the parties.

    The transaction smoothly progressed to completion with the parent company knowing that their interest transferred to buyers familiar with running the business of the company., its contracts and employees.

    If you would like further information in relation to Management Buy-Outs please contact partner & Head of Corporate Joanne Gallagher.

  • Related Services

    International project advice

    Practical legal advice and support for companies, funders and individuals involved in construction projects with an international element. Ensuring your project is underpinned by robust documentation, that it runs cost-effectively and that disputes are resolved quickly.

    Corporate

    Our award winning team of corporate lawyers provide highly practical advice to help businesses of all sizes develop and grow.    

    Management Buyouts

    A management buy-out (MBO) is a transaction where the owner of a Company sells some or all of the shares to members of the management team. Often the management team will set up a new company as the acquisition vehicle (Newco).  Frequently the funding for an MBO may be provided by a mixture of funds from the management team, private equity and bank lending. 

Get In Touch

By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

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Jargon Buster