Funds galore for LBO prospects | Europe is the next frontier | Some examples of recent MBOs | UK buyouts grow in complexity | Managers who succeed as bosses | Spawn of an era: specialist firms | Warnings fail to dim LBO dazzle
The term "international management buyout' could aptly describe several different circumstances. It could mean simply that a group of companies being purchased by a management team has operations in several countries round the world. It could appropriately describe the situation where the management team and investing institutions comprise individuals and corporations resident in different territories. Or perhaps it applies where the management team and the vendor group are in different countries.
Each one of the above would present tax complications in addition to those faced in a conventional "local' management buyout. Where all three sets of circumstances apply at once, the tax complexities can be fairly daunting....
