BIMBO/‘buy-in management buyout’ Definition | Legal Glossary | LexisNexis
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GLOSSARY

BIMBO/‘buy-in management buyout’ definition

What does BIMBO/‘buy-in management buyout’ mean?

A BIMBO enables a company to re-shuffle its allocation of share capital to bring about a change in management. Internally, a group of managers will acquire enough share capital to ‘buy out’ the company from within. An outside team of managers will simultaneously ‘buy in’ to the company management. Both parties may require financial assistance from venture capitalists in order to achieve this end.

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