The routledge companion to management buyouts

Management buyouts (MBOs) first came to prominence in the US during the early 1980s, and have subsequently become a global phenomenon. At its peak, the total value of MBO transactions in Western Europe was about €23 billion. The MBO transaction is therefore a highly significant transaction within the corporate restructuring landscape. This authoritative volume provides a comprehensive reference book on the diverse aspects of management buyouts. It provides a valuable source of reference to scholars on the current state of research and theory and where further developments are likely to occur. Although much recent attention has focused on private equity (PE) backed buyouts, these are only a subset of the total MBO market. This book takes a much broader definition, incorporating PE- and non-PE-backed buyouts, as well as variations such as management buyins and management-employee buyouts. This unique “go to” reference goes beyond the purely financial perspective, incorporating related disciplines including strategy, organizational change, and HRM. It will be an invaluable reference source on MBOs for researchers and educators as well as practitioners and policymakers in the broader areas of corporate restructuring and ownership change.