DELOITTE & TOUCHE CORPORATE FINANCE B.V. IN THE NETHERLANDS, WHAT WE CAN DO FOR YOU

The process of a management buy-out is complex and time-consuming. In addition to management and the vendor numerous other parties are involved, such as advisors, lawyers, financiers and accountants and maybe even personnel, the works council, a trade union, your clients and suppliers. For the company involved it is of utmost importance that you are able to continue daily operations of the business while the buy-out is carried out. The professionals of Deloitte & Touche Corporate Finance can assist you during the management buy-out process and will relieve you of a lot of time-consuming work. They will assist you during all stages of the process, and will provide professional advice and practical support. They will save you from pitfalls, represent you and increase your chances of a successful buy-out transaction.

The number of management buy-outs has increased significantly over the past fifteen years, for two major reasons:
- One, companies are increasingly becoming aware, that the company's own managers are usually excellent prospective buyers, when a division is offered for sale; and
- secondly, it has become apparent, that operating results of a company often improve, if the management owns a significant share in the company.

Management buy-outs do certainly not only occur in large corporations that are selling non-core activities or less profitable segments or otherwise wish to strategically re-organise business activities. In many cases, a management buy-out may be a good solution for a company that is faced with a succession problem.

Should you consider a management buy-out, Deloitte & Touche can look after your interests. Together with you we set out the right course of action for you and your company. Our consultants will employ all their knowledge and know-how, their energies and creativity to make your buy-out successful. Our consultants are excellent negotiators and are capable of creating the right structure that will ensure the right price for you, as well as favourable conditions and a minimum level of risk.

A management buy-out is a complicated procedure and all its aspects must be fully analysed, thought through, planned and carried out step by step and with the utmost care. The consultants of Deloitte & Touche Corporate Finance make sure that the transaction will be completed successfully and in a professional way, while you are able to fully concentrate on your task as a manager of the company.

Deloitte & Touche is one of the Netherlands' major financial services organisations. World-wide, we operate under the name Deloitte Touche Tohmatsu International, with over 56,000 professionals in more than 100 countries. Deloitte & Touche Corporate Finance is a firm of consultants specialising in the field of mergers and acquisitions, valuations, due diligence, capital raising as well as management buy-outs and buy-ins.

If you want more information on what Deloitte & Touche Corporate Finance B.V. can do for you, please contact Mr M W C Vijverberg - telephone +31 20 606 11 77, fax +31 20 681 70 37 - in Amsterdam.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.