Our Corporate lawyers have over the years acted in many MBO's - for many owners who were selling, and for many management teams who were buying. We have also acted for many investors who were investing in a company that the management were buying (known as BIMBO's!)
The first stage of the approach of our Corporate lawyers is to meet you and to simply listen, free of charge, to what the parties are trying to achieve. This up-front planning and discussion about the structure and timing of the deal is essential to ensure you avoid time-consuming and expensive issues at a later stage.
If you choose us to work with you we will find pragmatic solutions to whatever issues arise between the management team, the selling owner and any organisations such as banks, venture capitalists and private equity teams who may be providing funding to the management team.
Where we act for the buyers, we know that undertaking an MBO will be time-consuming for the management team who are not only having to deal with the financial and legal requirements of a business purchase but who are also running the business day-to-day. Our Corporate lawyers aim to take out as much of the stress as possible by taking the time to get to know exactly what you want, when and how so we can cost effectively negotiate on your behalf.
Our Corporate Team has extensive knowledge of advising management buyout teams, selling owners, venture capitalist and other funders.
The scope of work we carry out includes the following: -
- Negotiation of any Heads of Terms;
- Drafting and negotiating the Sale and Purchase Agreement;
- Amending the Articles of Association of Newco;
- Preparing a Shareholders Agreement between the MBO team members and any investors;
- Negotiating the Subscription/Investment Agreement where investors are making a direct investment;
- Agreeing any Charges or Security documentation over assets of the Newco; and
- Senior Management Service Agreements.
Whatever you are planning to do, please talk to us initially so we can listen to you. There is no charge for this. Once we have agreed what is right for you and you have agreed to the detailed costs proposal that we will prepare for you, our Corporate lawyers will start working on your behalf,
We would be delighted to speak to you - please do not hesitate to call our large Corporate team so we can get to know you and your business. As we say, we are always there for businesses who are in our BLUE LAW scheme, so we invite you to join BLUE LAW now. Once you have joined, we try to answer any legal enquiries that you have, free of charge. If legal work is needed, we give you a price, and you are then free to "shop around". If you wish to speak to us now, please click on "Please Contact Me Now” or call us on 0800 084 3256. We look forward to always being there for you.
