This is when a company's management team buys all the company's shares and thereby takes complete control of the company. This is called a management buy-out ( MBO).There are several variants of a MBO. Financial Services Glossary
leverage( d) buyout
These occur where the purchase price is beyond the financial resources of the managers and the bulk of the acquisition is financed by loan capital provided by other investors. Financial Services Glossary
Similar to the above but all employees are offered a stake in the new business. Financial Services Glossary
Financial and business terms. 2012.