“MBO”是“Management buy-out”的简称即管理层收购。管理层收购是指目标公司的管理层利用自有资金或外部融资所获得的资金购买目标公司的股份,进而改变目标公司的所有权结构、控制权结构和资产结构,使企业原经营者变成企业所有者,从而达到重组该公司并达到预期收益的一种收购行为。 “MBO ” is the abbreviation of “Management buy-out ” which means MBO. Management buy-out refers to the management of the target company using its own funds or funds obtained from external financing to buy the shares of the target company, thereby changing the ownership structure of the target company, the control structure and asset structure, the original business operator into a business Owner, so as to achieve a reorganization of the company and achieve the expected benefits of a takeover.