Leveraged ESOPs and Employee Buyouts

A leveraged ESOP borrows money to buy shares in the sponsoring company in order to buy a major part or even all of the company. It can be used to purchase shares from retiring owners in private firms, buy out entire companies, or finance new capital. With leveraging comes additional cost and complexity that you will have to deal with. This book explains those complexities: contribution limits, special valuation issues, accounting, due diligence, feasibility, employee buyouts, multi-investor situations, using an ESOP to have one company acquire another company while giving the target company's seller the tax-deferred ESOP "rollover," and more.

Contents

Preface
A Primer on Leveraged ESOPs
Contribution and Allocation Limits for Leveraged ESOPs
Section 1042 and the Tax-Deferred ESOP "Rollover"
Financing the Leveraged ESOP
Senior Credit Underwriting for ESOP Transactions
Valuation Issues in Leveraged ESOPs
Valuation Issues in Multi-Investor ESOP LBOs
Accounting for Employee Stock Ownership Plan Transactions
Legal Due Diligence in ESOP Transactions
Employee Buyouts of Corporations, Subsidiaries, Divisions, and Product Lines
The Employee Buyout Feasibility Study
ESOPs in Mergers and Acquisitions

NCEO, 2001. 4th ed. 264 pp. (7" x 10"), softcover.

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