Publications
Navigating Management Buyouts in the European Market: A Comprehensive Guide
Martin Bakker, Partner, MDN Group
With an increasing variety of European business transitions available, management buyouts (MBOs) have emerged as a compelling pathway for leadership teams to acquire ownership of their companies.
The European private equity market is showing a clear appetite for MBO transactions, particularly in mid-market segments; understanding the fine details of this ownership transition model has become critical for both business owners and management teams.

What Are Heads of Terms When Selling an EU Business?
Gabriel Hansen, Associate, MDN Group

Selling a business in the European Union involves navigating various legal, financial, and strategic considerations. Whether you have nurtured your company from its inception or acquired it as part of a broader investment portfolio, the sale process demands careful planning and a thorough understanding of key documents.
One such document, commonly referred to as Heads of Terms, can be instrumental in outlining major points of agreement during the initial phase of negotiations. Below, we explore the purpose of Heads of Terms, discuss their typical components, and highlight how they can foster a smooth, transparent sale process for EU-based transactions.
…Responding to Unexpected Acquisition Offers
Peter Hubert, Partner, MDN Group
In today’s European business markets, successful privately held companies are receiving an increasing number of unsolicited acquisition offers. Whether from private equity firms or strategic buyers, these unexpected proposals require careful consideration and a structured approach to evaluation.
This comprehensive guide will help business owners navigate this complex situation while protecting interests and maximising opportunities.
…Navigating the Path to Accurate Business Valuation
Peter Hubert, Partner, MDN Group

When owners of small and medium-sized enterprises (SMEs) across the European Union consider selling, one of their first questions is often: “How much is my business worth?”
Determining a company’s value can feel daunting since valuations blend art and science, with specialists devoting entire careers to the subject. Countless books detail intricate methods to measure worth, but for a concise overview, this article outlines three foundational pillars of the valuation process.
By examining theoretical valuation models, key business drivers, and buyer motivations, you can chart a more assured path toward an optimal sale.
…Fostering Financial Resilience: Key Strategies for EU Enterprises
Robert Nilsen, Associate, MDN Group
Economic downturns are an inevitable part of running a business. Yet research by Boston Consulting Group indicates that only a tiny fraction of companies (around 14%) managed to increase sales growth and profit margins during the four global recessions since 1985.

Many businesses focus on defensive, short-term moves, often undermining long-term stability. Below, we examine four essential ways to build financial resilience and secure lasting success in Europe’s competitive marketplace.
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