Main Capital Partners has worked hard on structuring and arranging the financing of management buy-outs (MBO’s) during the past months. De popularity of a MBO remains high. It’s an attractive way of buying and selling companies. And due to the structure of the leverage the perspective on return is as such that the management team can offer a price which is not substantially lower than a strategical buyer. Besides that, there is the advantage that the management team can act faster with minimal due diligence and simple documentation (especially concerning warranties). Because management usually has more knowledge about the company than the selling shareholder. Furthermore our experience shows that also banks think a MBO is an attractive financing proposition, despite the relatively large goodwill financing. This is due to their good experiences in the last years (relatively few written-off loans in small and medium companies) and the attractive margins in comparison with more traditional financing, like working capital and real estate. We expect to successfully consult and advise at many more MBO’s in the coming years.