management buyout

British  

noun

1.  MBO.  the purchase of a company by its managers, usually with outside backing from a bank or other institution

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Example Sentences

B. Riley provided $600 million through debt it raised to finance a $2.8-billion management buyout led by Kahn in 2023.

From Los Angeles Times

On Monday, Gunvor said the management buyout was first conceived at an all-hands retreat in Morocco in 2022, but had been accelerated “to establish a definitive reset and path forward.”

From The Wall Street Journal

Xtellus Partners was formed in 2018 through a management buyout of the U.S. operations of VTB Capital, the investment-banking arm of Russian bank VTB.

From The Wall Street Journal

Kahn, who has a home in suburban Orlando, Fla., had done deals with B. Riley founder Bryant Riley before convincing the L.A. businessman to help finance a $2.8-billion management buyout of Franchise Group, a Delaware holding company Kahn had assembled.

From Los Angeles Times

Brian Kahn, 52, who led a disastrous management buyout of a retail holding company partly financed with $600 million in B. Riley debt, has been charged with conspiracy to commit securities fraud in a related case, according to a recent court filing.

From Los Angeles Times