"Successful management buyouts (MBOs) are the pinnacle of business success today and a great way to earn an ever-increasing stake in the American dream.
Buyout provides managers and executives with the necessary tools and strategies for leading a company or division buyout. It explores the details of the entire buyout process and empowers managers to seize their destiny and take charge. Managers learn how to:
* Find a company to purchase
* Develop a business plan
* Negotiate with the seller
* Win the ""ground war"" of due diligence
* Find equity partners and negotiate the management deal with investors
* Run the company after the MBO.
Buyout offers real-life stories of people who actually pulled off out-of-this-world deals and became rich beyond their wildest expectations."
Recommended by a banker turned bookstore owner - he said if he had read this book in his early years in banking, he would have had the courage to create new opportunities for himself beyond his wildest dreams, alas he is now retired and manages a bookstore. The book provides a general framework for individuals and small boutique firms looking to basically take over the reins of an existing business or create a business combination with several other smaller businesses to create a brand new business. It helps to understand how exactly high finance works! A must read!