Every year thousands of companies have to close down for different reasons. In many cases, the company in search of a successor – or at least its client base – is sold to a major enterprise to merge with said enterprise. But if there are people in the company who can imagine to assume the company leadership with all its advantages and disadvantages, a Management Buy-out often happens. If no one is interested in buying the company, which is soften the case with smaller companies, the company is liquidated. Transfering the company or parts of the company to one or several external buyers (Management Buy-in) can be beneficial for the seller, the company itself and also for the buyer.