Management Buy-Outs and Buy-Ins
Management buy-out and buy-in solicitors in the East Midlands
Management Buy-outs (MBOs) and Management Buy-ins (MBIs) can be complex, and each case will be different depending on the interests and requirements of the deal and the parties involved.
It is vital to seek the expert advice of a trusted legal professional from the outset to ensure the process is as smooth as possible and all parties feel supported.
What is a management buy-out?
A management buy-out or MBO involves part or all of a company being acquired by the company’s management team through combining resources.
Usually, the management team takes full control and ownership of the company, using its knowledge and expertise to grow the company.
What is a management buy-in?
Like a management buy-out, a management buy-in or MBI involves a management team acquiring the company, however this is a management company from outside the company. The management team usually competes with other purchasers to buy the company.
MBIs are usually funded with a portion of the management team’s own capital and through external funding from banks and private equity investors.
What are the advantages of a management buy-out?
An MBO can offer several advantages. Firstly, since the underlying business remains the same and the management team already knows the company, there is less risk of failure, and it provides continuity and reassurance to other employees, existing clients and suppliers.
In addition, there is usually less due diligence required by funders and this is often handled quickly and there is also no need to disclose confidential information to external parties.
What are the challenges of a management buy-out?
Management buy-outs are not always appropriate to a particular company, and the strength and performance of the management team as well as its plans for taking the company forward are vital in its future success and all members need to successfully transition from being employees to owners.
It is also important that suitable terms and appropriate repayment schedules are in place and there is stable cash flow to ensure that if a vendor’s loan has been used to finance the MBO, it is protected.
How do you finance a management buy-out?
Management buy-outs are usually financed in the same way as other business purchases and are typically financed by a combination of cash, equity and debt.
Vendor financing can also occur, where the management buyout is financed by the seller through using EMI options, the vendor providing a loan or leaving the consideration for the shares outstanding.
What should I consider before a management buy-out?
Before initiating an MBO there are a number of factors you should consider, including:
- The dedication and credibility of the management team
- Whether the company has a strong track record of profitability and good prospects without any high-risk factors
- The availability of finance and whether the company’s future cash flows can fund and support the company
Why use Rothera Bray for management buy-outs and buy-ins?
Our dedicated solicitors can provide you with legal advice at every stage of the MBO or MBI process and ensure you have all the correct legal documentation in place to protect your interests.
We have practical experience in co-ordinating all types of corporate transactions and working with all parties involved in such deals.
We will:
- Undertake due diligence
- Plan and coordinate the deal
- Prepare and negotiate all necessary documentation required, including the sale and purchase agreement, shareholder’s agreement, and articles of association
- Advise on any conflicts of interest
- Negotiate warranties and terms
Send us a message

“Let our team take the stress out of a management buy-out or in.”
David Kaplan
Partner
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Posted 7 August 2026
I was recommended to use Rothera Bray by a family friend. The staff at Rothera Bray worked relentlessly. They showed a high level of professionalism, and were extremely supportive throughout my divorce and separation, particularly while dealing with a very challenging opposition. They gave me peace of mind, and I always felt safe in the knowledge that I was being well supported during what was an incredibly difficult time in my life. I will always be grateful for the advice, guidance, and compassion they all showed throughout the process. I would never wish for anyone to find themselves in a situation requiring legal support, but if they do, your team will be the first I recommend without hesitation.
Craig Watts
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Posted 7 August 2026
I wouldn’t hesitate to recommend Nelissa at Rothera Bray in Loughborough. She has the ability to make complicated issues understandable, to enable you to consider options and reach a decision (we were completing our wills and updating a Deed of Trust). Additionally Nelissa is very thorough, approachable and efficient, producing our documents within days. Nelissa feels like ‘a safe pair of hands’ .
Sandra Simpson
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Posted 7 August 2026
Talita Fantauzzi provided a five star client experience when rewriting our wills for us - she was very knowledgeable and helpful.
Martin & Glynis
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Posted 6 August 2026
Isabella & Nelissa were both superb in their handling of the Estate of my late mother. They gave helpful advice with regular updates & quick responses to questions asked. They are without a doubt professional & proficient in what they do. I have no hesitation in recommending them & the firm of solicitors they represent, and will use them again in the future.
Shaun Gathercole
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Posted 5 August 2026
I cannot thank Rothera Bray Loughborough enough; my house move should have been straight forward, but several hiccups happened along the way. I did both my sale and purchase through them and had excellent service. They were supportive, offered great advice and updates and was their when I had multiple queries. Luisa was amazing, she was there for me when I didn't understand certain queries and was a really calm influence when I was worried about queries I had on the property I was buying. I would 100% recommend Rothera Bray and if I did ever move again I would use them in a heartbeat. Thanks so much!!
Rachael Turner
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Posted 4 August 2026
We have used Rothera Bray in the past, when dealing with my late mother's estate. Everything was handled really well, so I contacted Kerry Redfern at their Mapperley branch to sell a property I owned, which was intended to provide retirement funds. Kerry handled everything in a timely manner. The whole process was far less stressful than I had feared and here we are on completion day, with the money in our bank. I feel that Kerry's knowledge in relation to selling property, is extensive and she has guided us through every step of the process. As with probate after my mother's death; and also Rothera Bray dealing with an equity release situation, which facilitated my brother remaining in my late mother's home; I cannot fault the service we have had from them. I feel confident they can successfully deal with any situation that may present in the future where the services of a solicitor are required. We are grateful to them.
Property sale
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Posted 4 August 2026
George helped me with every step of the process when I was facing redundancy, offering invaluable advice and helping me to complete the settlement agreement from my workplace. I wouldn't hesitate to recommend George and Rothera Bray to expertly handle matters, particularly for Employment law/redundancy services.
Scott C
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Posted 4 August 2026
I recently used Rothera Bray for a house sale and purchase. The service I received from Ellie Robinson was top tier I was always kept up to date with the progression of the sale and purchase if ever I had any queries they were always answered quickly. My purchase wasn't straightforward there were a few teething problems with the property we were buying that needed to be sorted to make sure we weren't going to be in a bad situation after purchasing and Ellie made sure she went through everything with a fine tooth comb and everything was right before completion. Grace Millward also helped with things and was great. I would definitely recommend this company.
Michelle Dakin
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Posted 3 August 2026
The solicitor I worked with Fatima Altaf was efficient and personable, sharing realistic information and managing our expectations on what was possible, while also always working in our best interest to understand and progress the outcome to our needs and desired outcomes. We would be very happy to recommend Rothera Bray, we found the whole team to be very supportive, positive and dynamic, we were always informed of updates and there were no gaps or unexpected surprises throughout the process.
Wesley
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Posted 3 August 2026
Rothera Bray Solicitors have been absolutely brilliant from start to finish. They helped get me into my new property in what felt like record time, making the entire process smooth and as stress-free as possible. Their professionalism was outstanding throughout, but what really stood out was how friendly, supportive and approachable they were at every stage. Lucy and Karen were both fantastic and are a real asset to Rothera Bray Solicitors. I cannot thank them enough for all their help. I would be more than happy to recommend them to anyone in the future, and I would not hesitate to use their services again myself.
Rebecca Towler
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Posted 31 July 2026
As a first-time buyer, I couldn’t have asked for a better experience. Carol and the entire team were professional, knowledgeable, and supportive throughout the conveyancing process. They kept me informed at every stage, answered all of my questions promptly, and took the time to explain the legal process in a way that was easy to understand. Their communication was excellent, and I always felt confident that my purchase was in safe hands. Despite the complexities involved, everything was handled efficiently, and the transaction was completed smoothly. I truly appreciate the hard work and dedication of everyone involved. I would highly recommend them to anyone looking for a reliable and professional conveyancing solicitor. Thank you again for helping me purchase my first home.
Vipul
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Posted 31 July 2026
I just wanted to say thank you for all of your help and guidance throughout this process. Your advice made a huge difference and gave me the confidence to understand the agreement properly, ask the right questions, and make an informed decision. I really appreciate the time you took to explain everything clearly and support me through what has been quite a difficult situation.
AM

Tim Gladdle
Senior Partner
Tim qualified as a solicitor in 1983, giving him 40 years of legal experience. He specialises in advising a wide range of companies on corporate and commercial affairs and transactions.

David Kaplan
Partner & Head of Corporate and Commercial
David Kaplan is a partner in our Corporate and Commercial team and is based at our Derby city centre office. David has been advising businesses for nearly 30 years and is recognised by Legal 500 as a Leading Individual.

Toby Preston
Partner
Toby is a Partner who specialises in corporate and commercial law and business affairs. He has been a partner for over 10 years and been involved in many high profile acquisitions and disposals. He works mainly from our Nottingham city centre branch.

Liz Mills
Senior Associate
Liz Mills is a Senior Associate in our Corporate and Commercial team and is based at our Derby office. Liz is recognised by Legal 500 as a Leading Associate.

Arron Halait
Senior Associate
Arron is a Senior Associate in our Corporate and Commercial team and is based at our Leicester office.

Erica Hurst
Solicitor
Erica Hurst is a Solicitor in Rothera Bray’s Corporate and Commercial department and is based at our Lace Market office in Nottingham city centre.

Sandeesh Samra
Solicitor
Sandeesh Samra is a Solicitor in our Corporate and Commercial team and is based at our Lace Market office in the heart of Nottingham city centre.

Liam Wicks
Solicitor
Liam Wicks is a Solicitor in Rothera Bray’s Corporate & Commercial department and is based at our Derby office.

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