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According to Rick Rickertsen, venture capital veteran and COO of Thayer Capital Partners, there's never been a better time for senior managers to buy the business they work for. "There's $150 billion of investment capital out there," Rick says, "and sliding share prices mean companies are priced to sell."
Buyout begins by advising managers on how to find or create their own buyout opportunities. He details the essential "tangible and intangible skills and qualifies that managers need to lead a successful buyout," warning that without credibility, commitment, steady nerves and the right skills portfolio, a buyout will rarely be a success.
Rickertsen recommends that managers ask themselves continuously what they hope to gain for themselves and their team, and stresses the importance of due diligence. A willing seller, flawless strategy, an excellent management team and available capital will amount to nothing if a manager fails to ...