A very large part of the available pool of venture capital funding in recent years has gone towards purchase of businesses by their managers (management buyouts), or to purchase of businesses by managers with an established track record (management buy-ins). There have also been various hybrid arrangements where existing management has been augmented by incoming management with specific experience complementing the existing team. The term BIMBO (buy-in management buyout) has become common in the industry to describe the full range of transactions of these types.

Inspec keywords: purchasing; retailing; venture capital

Other keywords: track record; transactions; incoming management; venture capital funding; buy-in management buyout; BIMBO; business purchase

Subjects: General management