Buyout or Gastonia 1929

Buyout: The Insider's Guide to Buying Your Own Company

Author: Rick Rickertsen

Successful management buyouts (MBOs) are the pinnacle of business success today and a great way to earn an ever-increasing stake in the American dream.

Buyout provides managers and executives with the necessary tools and strategies for leading a company or division buyout. It explores the details of the entire buyout process and empowers managers to seize their destiny and take charge. Managers learn how to:

• Find a company to purchase
• Develop a business plan
• Negotiate with the seller
• Win the "ground war" of due diligence
• Find equity partners and negotiate the management deal with investors
• Run the company after the MBO.

Buyout offers real-life stories of people who actually pulled off out-of-this-world deals and became rich beyond their wildest expectations.

What People Are Saying

Michael Lewis
After reading Rickertsen's insider view on leveraged deals, no one in America will want to work for wages again." David Bonderman, leading global investor and founder of the Texas Pacific Group. "Only insiders know how this stuff works. Rickertsen is an insider. He brings the complexity of high finance to its knees, and leaves it begging for mercy. He explains its inner workings so that even a journalist can understand them.
—(Michael Lewis, author of Liar's Poker and The New New Thing)

Terrence Lapier
Dr. Terrence Lapier, Entrepreneurship Faculty, The Wharton School
Likely to become the essential manual for management buyouts. This high-impact book will be required reading for every entrepreneurial-minded MBA, manager, seller of a company, and professional in the buyout and M&A businesses.

Bill Marriott
Bill Marriott, Chairman, Marriott International, Inc.
Rickertsen is one of American's most gifted buyout experts. Anyone interested in an inside look at the buyout world and the opportunities for managers in these deals will learn volumes from this book." Jack Kemp, Empower America Rickertsen has written a must-read for every manager with the dream of buying and running his own company.

Table of Contents:

	Foreword
	Introduction: Seize Your Destiny
	Acknowledgments
Ch. 1	The American Management Dream	1
Ch. 2	No Guts, No Glory	20
Ch. 3	Avoiding Deal Hell	33
Ch. 4	Find or Create Your Opportunity	47
Ch. 5	Strategy for the Business	77
Ch. 6	The Deal with the Seller	89
Ch. 7	Show Me the Money	134
Ch. 8	What's in It for You?	174
Ch. 9	Preparing for the Ground War	199
Ch. 10	Riding the Tiger	218
App	The Buyout Toolkit	235
App. A	Management Term Sheet, Summary of Understanding, and Employment Agreement	236
App. B	Letter of Intent with Seller	247
App. C	Bank Commitment Letter	257
App. D	Confidentiality Agreement	272
App. E	Executive Reference Check Form	276
App. F	Working Group List	277
App. G	Time and Responsibility Schedule	281
App. H	Due Diligence Checklist	285
App. I	Directory of Private Equity Investment Firms	301
App. J	Directory of Debt-Financing Sources	341
App. K	The Financial Model - A More Detailed Look	348
	Index	369

New interesting book: Hollywood Drive or Medical Office Procedures

Gastonia 1929: The Story of the Loray Mill Strike

Author: John A Salmond

Of the wave of labor strikes that swept through the South in 1929, the one at the Loray Mill in Gastonia, North Carolina, is perhaps the best remembered. In Gastonia 1929 John Salmond provides the first detailed account of the complex events surrounding the strike at the largest textile mill in the Southeast. His compelling narrative unravels the confusing story of the shooting of the town's police chief, the trials of the alleged killers, the unsolved murder of striker and balladeer Ella May Wiggins, and the strike leaders' conviction and subsequent flight to the Soviet Union.