Bridge financing

Financing supplied for a short period of time in order to finance a specific short term need.

Business angel

Individual having substantial amounts of money at his/her disposal allowing him/her to invest in and help start up companies. Most business angels are former managers who have sold their company and want to help younger firms to reach the next level using their personal networks.

Business plan

Document which describes and explains the strategy of a company over a minimum period of three years, including financial projections. This document is essential to secure financing and convince equity investors to invest in a project.

Buy-out

See LBO.

BIMBO (Buy-In Management Buy-Out)

Buyout led both by existing and new managers. For example, the founder-owner of a company who would agree to stay for a transition period with his successor or to focus on specific aspects like acquisitions, export etc.