Buy-out blues
Article Abstract:
The management buyout (MBO) of Earby Light Engineers Ltd (ELE) illustrates how the complexities of the buyout transaction can result in a long legal completion. A buyout team was formed to carry out negotiations for ELE's buyout. The team initiated interest for the MBO by approaching institutions on a no-name basis, wherein customers who expressed interest confirmed participation after an inspection of ELE's business plan. The presentation of proposals, specifying the equity split and financial scheme, by the interested institutions followed. Subsequent to confirmation of the suggested proposals, a share purchase agreement was drafted by ELE's solicitors. Offers for senior debt provision were then screened, and followed by an accountancy investigation. Legal completion of the ELE buyout took nearly eight months.
Publication Name: The Accountant's Magazine
Subject: Business
ISSN: 0001-4761
Year: 1991
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The Indian solution
Article Abstract:
The quantity and quality of staff and cost savings are some of the reasons for JSA's decision to outsource work to India. Indian companies, in future, might move their operations to other parts of the world where qualified expertise will be available at reasonable costs.
Publication Name: Accountancy
Subject: Business
ISSN: 0001-4664
Year: 2006
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