| Commentary

148 Management buy-ins

| Commentary

148 Management buy-ins

Management buy-ins are structured in similar ways to management buy-outs, as are so-called buy-in/management buy-outs, but involve outside managers, usually appointed by a financial institution, buying into Newco. The new managers will not be able to give any meaningful warranties about the business being bought out, and therefore full warranties and indemnities, as on a totally arm’s length sale, will be required from the sellers of the business to Newco.

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