Our firm’s ethos is to go way beyond providing standard compliance, and is based on the principles of ‘Know, Like and Trust’. Steve Collings and Les Leavitt Directors at Leavitt Walmsley Associates Ltd What are the key aspects to keep in mind when advising on an MBO and the appointment of a new board of directors? Technical expertise and the timely provision of accurate detailed management information is vital when advising on an MBO. Going further than this is the ability to be personable in order to make successful decisions based on knowledge of the client’s business processes and culture, gained over time. Did you encounter any challenges during the course of your work? How did you deal with these? As with any MBO, there are always potential deal-breakers relating to warranties and funding and securitisation of the same. With the goodwill of all parties, a number of contentious matters were resolved by open and honest communication, which is vital in any negotiations. It is important to keep the focus on the main objective and not to become stuck on an individual aspect of the deal. 100 LAWYER MONTHLY JUNE 2023
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