Management Buy-In (MBI) Process

First Flight consults with the advisors of owners wishing to exit their companies to make sure they are sale ready and a Management Buy-In (MBI) or a Buy-In Management Buy-Out (BIMBO) is an appropriate solution. We ensure that all projects we work on are fundable and can be financed.  We do not charge for this, receiving all our remuneration from the acquiring team.

We ask for a period of exclusivity within which to find suitable Management Buy-In (MBI) candidates and teams to achieve the acquisition.

First Flight has a high percentage completion rate on all projects on which we have worked and once Heads of Terms have been achieved.

We work with the acquisition teams to put together the lending proposal and assist with arranging finance, including mortgage, cash flow lend and asset finance. We have established a proven track record of pre-qualifying all our proposals and have never failed to meet a funding requirement to date.

The overall services that we provide on MBIs are:

1. Review the business and decide whether it has suitable MBI potential.
2. Ensure that the vendor's expectations are realistic.
3. Develop a Business Plan together with the MBI team.
4. Prepare and present a debt/investment funding proposal.
5. Work closely with Banks and sound out their appetite to fund the MBI.
6. Introductions to alternative sources of debt funding & negotiate the best funding package.
7. Assist with negotiations to agree Heads of Terms.
8. Assist with additional MBI team members as required.
9. Assist with managing the due diligence.
10. Assist with the negotiation of the sale & purchase agreement.
11. Project manage on behalf of the MBI/BIMBO buy-side team through to completion.