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  • Overview

    Management Buy-out Solicitors

    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. 

    It is fairly common now for the seller to sometimes retain an interest in the Company in the form of debt which is repaid over time. This is often referred to as vendor financing and, in some transactions, all of the MBO is vendor financed. In these circumstances a seller will typically require additional security. Each MBO is different. Therefore, with our clear approach and practical support and advice, we can help with the MBO, ensuring that the deal is completed as quickly and efficiently as possible.

    Our corporate and commercial team offers you expert advice based on proven experience and extensive knowledge of MBO’s in many industry sectors, combined with the help of our other commercial teams from commercial property, intellectual property and employment.

    We can assist with all aspects of the legal process and guide you through the sale or purchase, whether you are part of the MBO management team or the seller, where our services often will include dealing with:

    • Structuring and co-ordinating the management buy-out
    • Heads of Agreement
    • Non Disclosure Agreements
    • Share Purchase Agreement
    • Formation of Newco
    • Articles of Association
    • Subscription/investor agreement or Shareholders Agreement
    • Security documents, inter-creditor deeds and cross guarantees
    • Loan Notes
    • Board Minutes and Shareholder Resolutions
    • Directors Service Agreements

     

    Contact Our Kent Offices

    If you are looking for help with Management Buyouts in Kent or anywhere else in the UK, then our professional team can provide the advice and guidance you need. Get in touch with us to see how we can help.

  • Latest Updates

Get in touch

Keith provided an excellent service and was always available when needed. He was exceptional and sensitive to the requirements that I had in relation to sale of the business; in particular he was extremely helpful with a software licence issue.

Client

Congratulations on your 10 years of success, with the quality of service you and your team provide I am sure the next 10 years will see more deserved success for you.

Client

Thank you again for all your help setting this up, it has been a truly painless experience thanks to your focus and determination to meet our rather challenging deadlines.

Client

Their commerciality is important - they know where we want to get to.

Client

The ‘very approachable’ corporate team at Thomson Snell & Passmore is noted for its ‘clear advice’ and ‘exemplary service’.  

The Legal 500 2013

Nicholas Gabay is “confident, knowledgeable and able to negotiate with a firm but non-combative style,” according to impressed clients. He has a broad transactional practice including expertise in M&A and corporate restructuring work.    

Chambers UK 2016

Thank you again for your help through this, it made the process so much easier having you on board.

ClLient

They act effectively, on time and deliver results in all the areas that we ask them to work on our behalf. 

Client

They act effectively, on time and deliver results in all the areas that we ask them to work on our behalf. 

Client

I use TS&P as I have a very longstanding relationship. James Partridge has detailed knowledge of the affairs of my organisation and this, coupled with his sharp legal skills, means that I don't look elsewhere

Client

I expect and receive first class advice and service. This is helped by James's knowledge of my organisation and a good chemistry between us. I like to understand the reasons for the advice and James is focussed and succinct when discussing matters over the phone

Client

Many thanks for your support and sterling efforts in achieving completion of this transaction on the target date. Look forward to the next challenge!

Client

Thank you for confirmation that completion has taken place, I am delighted with the outcome and for all the hard work that you and your team have put in to get the deal done on time.

Client

I would like to put pen on paper that i have been very impressed by the total professional way and helpful manner that my matter has been handled from start to finish. I wish other lawyers would have the same approach.

Client

I do feel that both Ben and Julie have been excellent throughout this. The money they have, they were only ever going to get a strong law firm and I feel they would have got the impression throughout this that I too have obtained the services of people that know what they were doing and couldn't be overpowered or pushed around. I'm convinced that ultimately the strong showing from the two of you is what has actually got an agreement out of court rather than them pitying me so I wanted to express my genuine appreciation to you both.

Client

Meet The Team

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