What makes a buyout team tick?

The City firm Withers and City University Business School have published a report that examines the characteristics of management buyout leaders, managers and teams from leading UK companies. According to Tim Stocks, the head of the MBO unit at Withers, the success of an MBO depends on the make-up of the management team. The report, he says, shows that the same characteristics surface time and again in successful management teams. "The risks inherent in venture capital investment, mitigated

in part by standard due diligence, can be controlled by the insights furnished by our research."