ABSTRACT
The management buy-out is without doubt a major part of the some industrial and commercial scene. The management buy-out should therefore be seen as an extra dimension in the evolution of a traditional industrial economy, strengthening the principles of enterprise on which it is based, rather than being a departure from it. The complexity and diversity of the buy-out marketplace is one of its most significant features and it has become increasingly varied over time. It is therefore unlikely that any two buy-outs will be the same in terms of size, financing arrangements, reasons for sale. The press release cross-reference can rectify some of these problems but there are sufficient circumstances under which no publicity is given to the deal for this to be an imperfect check. Nevertheless, the estimates are as precise as it is possible to make them for the period up to 1983. The chapter also presents an overview of the key concepts discussed in this book.
