> I wonder why there was no employee buyout. I suspect it wasn't the most attractive offer from the perspective of the current owners.
Even assuming that employees wanted to own this business… how do you envision that employees would have funded an offer?
I guess you could propose that they raise outside debt to be serviced by the business (like any other LBO), plus contribute their own funds as a 10-40% equity cushion, but that seems unlikely regardless of how such an offer would be evaluated.
Wanting to work for a business does not necessarily mean someone wants to own it, let alone wants to have their capital at risk for it. (Not specific to this business.)
Even assuming that employees wanted to own this business… how do you envision that employees would have funded an offer?
I guess you could propose that they raise outside debt to be serviced by the business (like any other LBO), plus contribute their own funds as a 10-40% equity cushion, but that seems unlikely regardless of how such an offer would be evaluated.
Wanting to work for a business does not necessarily mean someone wants to own it, let alone wants to have their capital at risk for it. (Not specific to this business.)