Experienced in Management Buyouts
Where an outside buyer is unavailable or in any event undesirable, our team can represent you on either side of a management buyout. Management buyouts are ideal options where there is an appropriate successor within the business who can both provide a favourable exit settlement as well as benefit from increased authority to operate a business they already understand.
However, attention must always be paid to ongoing directors duties under the Corporations Act 2001 (Cth) to act in the best interests of the company (amongst other obligations).
Internal buyers are also better positioned to understand the unique competitive advantages and challenges that a particular enterprise may have. We assist our clients in selecting members of the management team, establishing the terms of the buyout and obtaining board approval as well as conducting due diligence and executing all formal documentation.