An overview of the principal features of a typical private equity buyout in the UK, in which the private equity investor takes a majority equity stake in a target company, usually alongside a management team. The note sets out a typical acquisition structure, the key parties and advisers involved, key documents required and typical steps needed to implement a buyout.

For information on Practical Law's private equity resources, see Practice note, A guide to Practical Law's private equity and venture capital materials.