Considering the next chapter in life and the sale of your business? But what if you don’t want to take your business out to market? What if you wish to pass the business on to the next tier of management and control the process?
A vendor initiated management buyout (“VIMBO”) is very similar to a management buy out (“MBO”) but with one important difference – the vendor is the one who initiates the process and makes the approach to management.
Key advantages of a VIMBO include:
The management team may believe that VIMBOs are complex transactions which can be daunting, so it needs to be positioned in a straightforward manner. It is essential therefore that the vendor fully explores the option and takes professional advice before making an approach to management.
VIMBOs present a straight forward, highly flexible option for vendors to secure an exit in a highly tax efficient manner whilst presenting a fantastic opportunity to the management team – looks a win, win to me!
If you’d like to learn more about selling your business please contact Chris Wright on 01132 211320 or email firstname.lastname@example.org.Contact Chris
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