Selling your business to your management team – Why a Management Buy Out?
From a business owner’s perspective, it is a comforting feeling to know that you are planning to hand over the business to people you know and people who know the business.
For the management team buying the business, the transition into ownership is a life changing event, while the business is familiar. The process entails a complete change in perspective, as well as the ability the fund the purchase. Come and listen to the learnings of people who have done it.
The webinar will explore the journey leading to the MBO decision. Why and when is it a good idea? The challenges involved in succeeding the financing of such an exit strategy.
All three webinars will feature the following experts:
Turlough O’Sullivan (panel chair)
Turlough was Director General of IBEC, the Irish Employers Federation. He is a Company Chairman and Director, mediator and independent consultant in business organisation and strategy. Turlough is Chairman of Biramis Ireland in Dublin.
Founder and CEO of Biramis Management Partners, a specialist exit value creation consultancy. Christiane is based in Manchester and lead a business value creation team.
Gerry Beausang Gerry is a partner in the ByrneWallace LLP Corporate team and Head of the ByrneWallace LLP Capital Markets Group.
Gerry has over eighteen years’ experience in advising on significant and complex M&A and investment transactions. He also has extensive experience in advising sponsors and corporates in relation to capital markets transactions including flotations, fundraisings, disposals, takeovers and general compliance matters. He advises regularly on mergers and acquisitions, private equity matters, joint ventures, commercial contracts and corporate reorganisations and restructurings. Recently, he has advised on MBO’s in the logistics, travel and manufacturing sectors.
Webinar 2: Maximising value from your Management Buy Out.
25th March, 12 o’clock
Avoid all the pitfalls by planning properly, and well in advance. Hear from founders who have done just that – and some of their key learnings on the way. 25th March, 12 o’clock.
Our guest speakers:
Dean Benson is the founder and CEO of Visualsoft, a full service eCommerce and digital marketing agency headquartered in Stockton-on-Tees. The award-winning company set up shop back in 1998 and now employs a team of over 280, across four offices in Teesside, Newcastle, Manchester and Dubai. Dean is also on the Board of Governors at Teesside University and the Entrepreneur's Forum.
Matt Hirst, CEO ESG Matt Hirst is the CEO of leading energy technology provider ESG with over 500 staff and operations in North America, Japan and the UK. Matt was the mastermind and leader behind the 2014 Management Buyout of Utiligroup, backed by private equity firm NorthEdge Capital. Following a period of rapid growth under Matt’s leadership and with NorthEdge’s backing, Utiligroup was acquired by Accel-KKR backed ESG in April 2017. Matt assumed a position on the ESG board and continued to run the UK operation Utiligroup (now rebranded as ESG) before becoming global CEO of the ESG group in July 2020. Matt has integrated several company acquisitions during his leadership. Matt won an EY Entrepreneur of the Year award in 2016 as well as being a judge in 2018. In 2017 Matt’s team was awarded the Regional and National Mid Market Management Team of the Year awards by the BVCA. Matt holds a BSc (Hons) degree from The University of Salford and a MBA from Lancaster University.
Neil McGowan has over 12 years investment banking and private equity experience and is a Partner and Co-Head of Investments in MML Growth Capital Partners Ireland, a private equity fund dedicated to backing managers of small and medium-sized private businesses backed by AIB, Enterprise Ireland and a number of international institutional investors.
Danny Hughes is the Group CEO of Fastway Couriers Ireland, a company which specialises in ecommerce fashion and clothing delivery. The company was originally founded as a franchise in Ireland and expanded rapidly, driven by the continued growth of shopping online by Irish consumers. The founders exited the business in 2017 via a Management Buy Out backed by MML Growth Capital Partners Ireland.
Webinar 3: Legacy exits: passing on your business to the next family generation
29th April, 12 o’clock
Here we discuss how to plan to successfully pass your business on to the next generation.
Guest speakers tbc
“The more you plan your business exit, the better rewards will be. But business owners often confuse an exit plan and an exit date and they are not the same thing.”
“A plan for a successful business exit should always include a plan to ensure that a proposed buyer can quickly and successfully conclude its due diligence. The reward for that will be a better price and a much quicker, cheaper and painless sale process”
Neil Keenan, Head of Corporate, ByrneWallace LLP
Registration is free. Just click on the link below.