Subject category:
Strategy and General Management
Product 22516 (398-059-1) has no authors
Published by:
London Business School
Length: 22 pages
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Abstract
Monday July 10 1989, Landor Group Board Meeting: Andrew Grant, Group Managing Director, glanced at the agenda. Landor board meetings, although serious, were customarily relaxed affairs over a ''picnic'' sandwich lunch. Today''s, though, was particularly important.....Item 3: Sale of the Company: In 1984 Grant had led a management buy-out of the company with his two fellow directors. Nearly five years on, the company had grown significantly and his two colleagues were now seriously considering the possibility of leaving the business and selling their equity stakes. Grant, however, had decided that in principle he would like to continue as Managing Director. 3i, the company''s venture capital investor, was positive about finding a buyer for the business and had suggested some possible candidates. Grant looked down the list and wondered, if they decided to go ahead, how he and his colleagues should go about selling the business. He looked at it again. What deal would be best for him and the company? Could he really be happy working for other people?
About
Abstract
Monday July 10 1989, Landor Group Board Meeting: Andrew Grant, Group Managing Director, glanced at the agenda. Landor board meetings, although serious, were customarily relaxed affairs over a ''picnic'' sandwich lunch. Today''s, though, was particularly important.....Item 3: Sale of the Company: In 1984 Grant had led a management buy-out of the company with his two fellow directors. Nearly five years on, the company had grown significantly and his two colleagues were now seriously considering the possibility of leaving the business and selling their equity stakes. Grant, however, had decided that in principle he would like to continue as Managing Director. 3i, the company''s venture capital investor, was positive about finding a buyer for the business and had suggested some possible candidates. Grant looked down the list and wondered, if they decided to go ahead, how he and his colleagues should go about selling the business. He looked at it again. What deal would be best for him and the company? Could he really be happy working for other people?