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MANAGEMENT BUYOUTS RETROSPECT AND PROSPECTS

MANAGEMENT BUYOUTS RETROSPECT AND PROSPECTS It is now curious to recall that ten years ago management buyouts were infrequent and largely ignored by those not directly involved, Arnfield et.al., 1981. During the subsequent decade a previously unrecognised oddity has become not merely commonplace but a major force in restructuring the private sector and in privatising public services. In 1989 there were over 500 recorded management buyouts MBO's and associated deals to a total value of 7.5 billion. In the same year these transactions accounted for 22 of all mergers and acquisitions by value and almost one third by volume. Furthermore, in the latter half of the 1980s the MBO spread to Europe and now appears poised to become a major instrument in dismantling the state industries of Eastern Europe. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png Management Research News Emerald Publishing

MANAGEMENT BUYOUTS RETROSPECT AND PROSPECTS

Management Research News , Volume 14 (1/2): 6 – Jan 1, 1991

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Publisher
Emerald Publishing
Copyright
Copyright © Emerald Group Publishing Limited
ISSN
0140-9174
DOI
10.1108/eb028112
Publisher site
See Article on Publisher Site

Abstract

It is now curious to recall that ten years ago management buyouts were infrequent and largely ignored by those not directly involved, Arnfield et.al., 1981. During the subsequent decade a previously unrecognised oddity has become not merely commonplace but a major force in restructuring the private sector and in privatising public services. In 1989 there were over 500 recorded management buyouts MBO's and associated deals to a total value of 7.5 billion. In the same year these transactions accounted for 22 of all mergers and acquisitions by value and almost one third by volume. Furthermore, in the latter half of the 1980s the MBO spread to Europe and now appears poised to become a major instrument in dismantling the state industries of Eastern Europe.

Journal

Management Research NewsEmerald Publishing

Published: Jan 1, 1991

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