Definition of BIMBO
Sometimes a group of managers within a company will decide that they would like to own the part of the business that they currently operate. The management might therefore put in a bid for the business. This is called a management buy-out (MBO). A variation on this is when an outside management team acquire a business (a management buy-in). Alternatively, a new management team could link up with the existing managers and employees to acquire a business (a buy-in management buy-out, or BIMBO). In these cases, the managers themselves rarely have the money to buy the business, so they will look for outside equity and debt finance.
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