buy-out
In the context of pensions, the securing of one or more members' benefits by purchasing an annuity from an insurance company. It is the most expensive method of securing benefits and is used to determine the employer debt that arises under section 75 of the Pensions Act 1995 on the winding up of a pension scheme. See also buy-out cost.
In the context of the acquisition of a target company or business, an acquisition of that company or business by a management team (either members of the existing team or one assembled specifically for the purpose of the buyout) financed by a combination of equity finance from a private equity provider and debt finance from financial institutions and other investors. The acquisition will be made by a newly formed special purpose vehicle owned by the management team and the private equity provider. Such acquisitions are frequently also referred to as leveraged buyouts or LBOs.
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Practical Law Dictionary. Glossary of UK, US and international legal terms. . 2010.

Look at other dictionaries:

  • Buy-out — Buy out …   Deutsch Wörterbuch

  • Buy-out — auch: Buy|out 〈[baıaʊt] m. 6 oder n. 15; Wirtsch.; kurz für〉 Management Buy out [engl., „Aufkauf“] * * * Buy out, Buy|out [ ba̮i|a̮ut , ba̮i |a̮ut], das od. der; s, s (Wirtsch.): Kurzf. von ↑ Management Buy out. * * * Buy out, ( …   Universal-Lexikon

  • Buy-Out — ist ein Fachausdruck für verschiedene Formen von Unternehmensübernahmen, denen gemeinsam ist, dass das bisherige Management nicht in Frage gestellt wird. Leveraged Buy out (LBO) (Unternehmensübernahme mit einem hohen Fremdkapitalanteil)… …   Deutsch Wikipedia

  • Buy out — ist ein Fachausdruck für verschiedene Formen von Unternehmensübernahmen, denen gemeinsam ist, dass das bisherige Management nicht in Frage gestellt wird. Leveraged Buy out (LBO) (Unternehmensübernahme mit einem hohen Fremdkapitalanteil)… …   Deutsch Wikipedia

  • buy out — uy out, buy out uy outv. to take over ownership of; of corporations and companies. Syn: take over, buy up. [WordNet 1.5] …   The Collaborative International Dictionary of English

  • buy-out — uy out, buy out uy outv. to take over ownership of; of corporations and companies. Syn: take over, buy up. [WordNet 1.5] …   The Collaborative International Dictionary of English

  • Buy-out — steht für folgende Formen von Unternehmensübernahmen: Fremdfinanzierte Übernahme (Leveraged Buy out; LBO), Unternehmensübernahme mit einem hohen Fremdkapitalanteil Management Buy out (MBO), Unternehmensübernahme durch das Management Diese Seite …   Deutsch Wikipedia

  • Buy-out — auch: Buy|out 〈[baıaʊt] m. od. n.; Gen.: s, Pl.: s; Wirtsch.; kurz für〉 Management Buy out [Etym.: engl., »Aufkauf«] …   Lexikalische Deutsches Wörterbuch

  • Buy-out — [bai aut] das; s, s <zu engl. to buy out »aufkaufen«> Kurzform für ↑Management Buy out …   Das große Fremdwörterbuch

  • buy out — ► buy out 1) pay (someone) to give up an interest or share in something. 2) (buy oneself out) obtain one s release from the armed services by payment. Main Entry: ↑buy …   English terms dictionary

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