Further Details
The following sets out the content of the course in the approximate order in which it will be discussed during the day.
Background and reasons for development
Rationale for development of MBOs
Availability of private equity
Different types of transaction
The new conglomerates
The MBO decision
Suitability of the business for an MBO
The vendors perspective
The managements perspective
The business plan
Valuation and pricing
Hurt values and envy factors
The parties and their roles
The private equity house
Accountants
Solicitors
Bankers
Structure of the deal
Management equity and ratchets
Institutional equity / quasi equity
Vendor loan notes and PIK
Junior debt/mezzanine finance/zeros
Senior debt
Public-to-private deals
Tax, pensions and insurance considerations
Financial assistance
Exit routes
Planning
Flotations
Trade sale
Refinancing
Guide price
£3,200 per day + VAT |