Longman Dictionary of Contemporary English
management buyout
noun
EXAMPLES FROM CORPUS
▪ Caradon was floated in July 1987 with a market value of £134m following a £61m management buyout from Reed in 1985.
▪ During the 1980s, the phrases leveraged buyout and management buyout echoed all over Wall Street.
▪ Evans was a product of another classic 1980s business - the management buyout.
▪ In 1987, he organised a £57 million management buyout of Pontins, then owned by Bass.
▪ Mr Ethrington had no association with the management buyout team when he was advising the Government.
▪ Read in studio One of the oldest parts of Robert Maxwell's collapsed empire has been revived by a management buyout.
▪ Read in studio Workers at a piano factory threatened with closure have been demonstrating in support of a management buyout.
Wikipedia
Management buyout
A management buyout (MBO) is a form of acquisition where a company's existing managers acquire a large part or all of the company from either the parent company or from the private owners. Management and leveraged buy-outs became phenomena of the 1980s. MBOs originated in US and traversed the Atlantic, spreading first to the U.K. and then throughout Europe. The venture capital industry has played a crucial role in the development of buy-outs in Europe, especially in smaller deals in the U.K., the Netherlands, and France.