MBO(Management Buy Onts)即经理层收购,是国际上通用的一种做法。它是指公司的经理利用向银行 借贷所融资本或其他产权交换的手段,利用少量自有资金收购他所任职的公司以至达到控股水平,进而实 现公司的资产重组。MBO主要通过借贷融资来完成,管理层只需支付收购价格的很小比例,其余资金通过债务融资来完成,其中大部分是以公司资产为抵押获得的银行借款。 MBO (Management Buy Onts) that the acquisition of managers is a common international practice. It refers to the company's managers to use bank loans borrowed capital or other property exchange means, using a small amount of its own funds to buy the company he served in order to achieve the level of holdings, and thus the company's asset restructuring. MBO is mainly financed through borrowing and lending. Management only pays a small percentage of the purchase price. The remaining funds are financed through debt financing, most of which are bank borrowings secured by corporate assets.