Management buy-outs:
Gespeichert in:
| Format: | Buch |
|---|---|
| Sprache: | English |
| Veröffentlicht: |
London u.a.
Butterworths
1994
|
| Ausgabe: | 2. ed. |
| Schlagworte: | |
| Online-Zugang: | Inhaltsverzeichnis |
| Beschreibung: | XIII, 212 S. graph. Darst. |
| ISBN: | 0406034850 |
Internformat
MARC
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| 245 | 1 | 0 | |a Management buy-outs |c ed. by Ian Krieger. Co-authors: Debbie Anthony ... |
| 250 | |a 2. ed. | ||
| 264 | 1 | |a London u.a. |b Butterworths |c 1994 | |
| 300 | |a XIII, 212 S. |b graph. Darst. | ||
| 336 | |b txt |2 rdacontent | ||
| 337 | |b n |2 rdamedia | ||
| 338 | |b nc |2 rdacarrier | ||
| 650 | 4 | |a Recht | |
| 650 | 4 | |a Management buyouts |x Law and legislation |z Great Britain | |
| 650 | 4 | |a Management buyouts |z Great Britain | |
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| 700 | 1 | |a Krieger, Ian |e Sonstige |4 oth | |
| 700 | 1 | |a Anthony, Debbie |e Sonstige |4 oth | |
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| 999 | |a oai:aleph.bib-bvb.de:BVB01-006544758 | ||
Datensatz im Suchindex
| _version_ | 1804124242167463936 |
|---|---|
| adam_text | Contents
Preface v
Table of statutes ix
List of cases xi
Abbreviations xiii
1 Introduction 1
What is a management buy out? 1
Is the deal likely to be on? 4
Price 5
2 Purchasing the target 12
Buy outs of listed companies 12
Valuation methods for private companies 15
The vendor s objectives 16
Practical pricing 19
Negotiations 22
3 Can the finance be raised? 25
Introduction 25
Types of finance 26
Interest rates 30
Requirements of bankers and investors 35
Structuring the deal 40
What is the maximum debt finance that can be raised? 42
Structuring the mezzanine 45
Structuring the equity 46
Envy factor 52
The vendor 53
4 Tax considerations 56
Introduction 56
General objectives and issues 56
Types of buy out structure 57
Tax issues 61
vii
viii Contents
5 The legal aspects 76
Introduction 76
The legal position of the members of the buy out team 77
Planning the buy out 87
Implementing the buy out 118
Post acquisition 149
6 Pensions the forgotten element 151
Introduction 151
Types of pension scheme 153
Sources of information and initial appraisal 156
Understanding an actuarial valuation 158
Implications for buy out 165
The negotiations summary 179
Acquisition agreement 180
Establishment of new scheme 182
Summary of key points 184
Appendices
1 Glossary of buy out terms 186
2 Accounting for the buy out 194
3 Accounting for pension costs 198
Index 203
Table of statutes
References in this Table to Statutes are to Hals
showing the volume and page at which the annota
PAGE
Bankruptcy Act 1914
s 44(1) 95
Companies Act 1929
s45 110
Companies Act 1948
s 54 110,113
Companies Act 1981
s 42 44 109
Companies Act 1985 (8 Statutes
104) 90,93
s 35 145
53(1) 116,117
54(1) 117
60 90
(1) 90
81 90
104 93
137 114
151 66,89,110,111,112,113,
114, 122, 132, 133, 192
(1) 110,113
(2) 110,112,113
152 110
(1) 110,111
(2) 110,111,114
(3) 110
153 110,112,114,115,116
(1) 89,110,112,113,133
(2) 112,113
(4) 114
154 110,116,126
(1) 114
(2) 114,115
(3) 113
155 110,112,114,149
(2) 115,126
(3) 115
(4) 115,116
(6) 115,149
156 110,112,114,149
(1M3) 115
(4) 149
157 110,112,114,149
(2) 116,117
158 110,112,114,149
(2),(4) 116
159,160,162 108
bury s Statutes of England (Fourth Edition)
ited text of an Act may be found.
PAGE
Companies Act 1985 contd
s 163(2) 98
171 177 108
263(1) 113
(3) 108,113
264(1) 113
309 78
(D,(2) 78
312 84,92
313 84
316(3) 84
317 84,85,89
320 78,85,122,132
(1) 85
330 114
346 85
425 100,114,149
429 100,117
459 78,79,86
743 114
Sch4 144
Companies Act 1989 (8 Statutes 819)
s 108 145
132 114
Company Securities (Insider Dealing)
Act 1985 101,102
Criminal Justice Act 1993 101
s 52,56,57,59,62 103
Sch 2 103
Employment Protection (Consolidation)
Act 1978 (16 Siamres 232)
s 140 123
Fair Trading Act 1973 (47 Statutes 125): 86
Finance Act 1986 172,199
Finance Act 1988 (42 Statutes 923)
s 78 69,146
141 117
Finance Act 1993 63
s 64 72
FinanceAct 1994 67,70,73
Financial Services Act 1986 (30 Statutes
162) 90,93,114
s47 86,91,92
(1) 91,92,94
(2) 91,94
Sch 1
Pt I 103
ix
x Table of statutes
PAGE
Income and Corporation Taxes Act
1988 (44 Statutes 1)
s 13a 71
135 69
162 68
185 146,149
209 66, 72
(2) 63
219 66
242 72
245 65
338 71
343 65
353,360 70
361 71
393,402 409 62
410 62, 65
411 413 62
416 146
573,574 66, 72
575,576 72
703 62
707 92,131
768 65
832 70
840 146
Sch 9 146, 149
Insolvency Act 1986 (4 Statutes 717)
s 110 149
123 94,95,115
(1) 96
(2) 95, 96
214 96
238 94,95,96
239 94,95,96
r
PAGE
Insolvency Act 1986 conld
s 239(4) 95
240(2) 95
244 96
245 95, 96
(1) 95
435 94
Monopolies and Restrictive Practices
(Inquiry and Control) Act 1948 ... 86
Prevention of Fraud (Investments) Act
1958
s 13 91
Restrictive Trade Practices Act 1976
(47 Statutes 321) 134
s 6(1) 134
21(2) 135
Social Security Act 1986 156
Taxation of Chargeable Gains Act 1992
(43 Statutes 1439)
s 24 73
30,31 62
35 66
49 127,128
116(10) 63
117,127 63
135 145
138 92,131,132
171 63
177 62
178 64,126
179 64
Value Added Tax Act 1983 (48 Statutes
598)
Sch6
Group 5 75
List of cases
PAGE
Arab Bank plcv Mercantile Holdings Ltd (1994) Ill
Bacon (MC) Ltd, Re (1990) 95
BarbervGuardianRoyalExchangeAssuranceGroup:C 262/88(1991) 151
BellvLeverBrosLtd(1932) 77,79
Belmont Finance Corpn Ltd v Williams Furniture Ltd (No 2) (1980) 113
BradyvBrady(1989) 112
CaparoIndustriesplcvDickman(1989);onappeal(1990) 119
Cheatlev IRC (1982) 68
Clark v Workman (1920) 104
CocovANClark(Engineers)Ltd(1969) 82, 83
Coloroll Pension Trustees Ltd v Russell: C 200/91 (1993) 152
CountyPalatineLoanandDiscountCo,Re,CartmeirsCase(1874) 79
Crowther (John) Group plcv Carpets International pic (1990) 105
Dawson International plcv Coats Pawns pic (1988); affd (1990) 78,104
EbrahimivWestbourne Galleries Ltd (1973) 79
Edgemond Group Ltd v Customs and Excise Comrs( 1994) 75
FaccendaChickenLtdvFowler(1987) 82
Fulham Football Club Ltd vCabra Estates Ltd (1993) 106
GethingvKilner(1972) 78,105
Heron International Ltd v Lord Grade and Associated Communications Corpn pic (1983) 105
Hirschev Sims (1894) 79
Lord (Inspector of Taxes) v Chappie (1993) 71
Lord (Inspector of Taxes) vTustain (1993) 71
Marshall (Thomas) (Exports) Ltd vGuinle (1979) 81
Morgan Crucible Co plcv Hill Samuel Bank Ltd (1991) 119
Percivalv Wright (1902) 77
Pergamon Press Ltd v Maxwell (1970) 77,79
Posgate Denby (Agencies) Ltd, Re (1987) 78,86,88
Produce Marketing Consortium Ltd (No 2)(1989) 96
Russell v Northern Bank Development Corpn Ltd (1992) 139
Smith Fawcett Ltd, Re(1942) 77,78
StannardvFisons Pension Trust Ltd(1992) 179
Walden Engineering Co Ltd vWarrener( 1993) 153
WalfordvMiles(1992) 87, 88
WeightvSalmon(1935) 68
Zim Properties Ltd v Proctor (1984) 128
xi
i
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| indexdate | 2024-07-09T17:42:33Z |
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| spelling | Management buy-outs ed. by Ian Krieger. Co-authors: Debbie Anthony ... 2. ed. London u.a. Butterworths 1994 XIII, 212 S. graph. Darst. txt rdacontent n rdamedia nc rdacarrier Recht Management buyouts Law and legislation Great Britain Management buyouts Great Britain Management Buyout (DE-588)4215208-2 gnd rswk-swf Großbritannien Management Buyout (DE-588)4215208-2 s DE-604 Krieger, Ian Sonstige oth Anthony, Debbie Sonstige oth HBZ Datenaustausch application/pdf http://bvbr.bib-bvb.de:8991/F?func=service&doc_library=BVB01&local_base=BVB01&doc_number=006544758&sequence=000002&line_number=0001&func_code=DB_RECORDS&service_type=MEDIA Inhaltsverzeichnis |
| spellingShingle | Management buy-outs Recht Management buyouts Law and legislation Great Britain Management buyouts Great Britain Management Buyout (DE-588)4215208-2 gnd |
| subject_GND | (DE-588)4215208-2 |
| title | Management buy-outs |
| title_auth | Management buy-outs |
| title_exact_search | Management buy-outs |
| title_full | Management buy-outs ed. by Ian Krieger. Co-authors: Debbie Anthony ... |
| title_fullStr | Management buy-outs ed. by Ian Krieger. Co-authors: Debbie Anthony ... |
| title_full_unstemmed | Management buy-outs ed. by Ian Krieger. Co-authors: Debbie Anthony ... |
| title_short | Management buy-outs |
| title_sort | management buy outs |
| topic | Recht Management buyouts Law and legislation Great Britain Management buyouts Great Britain Management Buyout (DE-588)4215208-2 gnd |
| topic_facet | Recht Management buyouts Law and legislation Great Britain Management buyouts Great Britain Management Buyout Großbritannien |
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