search query: @indexterm Management buy-outs / total: 202
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| Author: | Leimbach, A. |
| Title: | Unternehmensübernahmen im Wege des management-buy-outs in der Bundesrepublik: Besonderheiten, Chancen und Risiken. |
| Journal: | Schmalenbachs Zeitschrift für Betriebswirtschaftliche Forschung
1991 : MAY, VOL. 43:5, p. 450-464 |
| Index terms: | GERMANY MANAGEMENT BUY-OUTS |
| Language: | ger |
| Abstract: | A management buyout is a change of ownership in a firm which is effected under participation of its incumbent management and by utilization of leveraged financing techniques. For a number of years now, buyout-activity in Germany has been steadily increasing. The phenomenon has been induced by a number of factors some of which are: problems of succession of private firms owned by families and their greater willingness to sell to a management-team, decisions of corporations to spin-off subsidiaries or divisions due to strategic changes in their core business, increased readiness of German management-teams to become entrepreneurs and to take over companies they have been employed by in the past. |
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