This book is for managers, particularly those at small companies or divisions of larger companies, who aspire to be owners. Using real-life case studies, the author shows how buyouts proceed from beginning to end, shedding light on the roles played by investment bankers, lawyers, accountants, lenders, and investors. With information on tax and regulatory issues, the book shows how buyout techniques can be adapted to meet changing conditions. Both public companies and small privately held companies are included in the case studies. Owners and managers alike will gain a clearer understanding of the advantages and disadvantages of buyouts from this stimulating text.