{"id":7879,"date":"2026-02-07T19:48:14","date_gmt":"2026-02-07T10:48:14","guid":{"rendered":"https:\/\/mitsukijapan.com\/ma\/?post_type=column&p=7879"},"modified":"2026-02-12T09:47:23","modified_gmt":"2026-02-12T00:47:23","slug":"management-buy-in","status":"publish","type":"column","link":"https:\/\/mitsukijapan.com\/ma\/column\/management-buy-in\/","title":{"rendered":"MBI\u3068\u306f\uff1fMBO\u3068\u306e\u9055\u3044\u30fb\u30e1\u30ea\u30c3\u30c8\u3068\u6ce8\u610f\u70b9\u3092\u5c02\u9580\u5bb6\u304c\u89e3\u8aac"},"content":{"rendered":"\n

MBI\uff08\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u30fb\u30d0\u30a4\u30fb\u30a4\u30f3\uff09\u3068\u306f\u3001\u5916\u90e8\u306e\u5c02\u9580\u5bb6\u304c\u7d4c\u55b6\u6a29\u3092\u63e1\u308a\u4f01\u696d\u518d\u5efa\u3092\u56f3\u308b\u624b\u6cd5\u3067\u3059\u3002MBO\u3068\u306e\u9055\u3044\u3001\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8\u3001\u5b9f\u65bd\u6642\u306e\u30ea\u30b9\u30af\u3092M&A\u306e\u30d7\u30ed\u304c\u89e3\u8aac\u3057\u307e\u3059\u3002\u5f8c\u7d99\u8005\u4e0d\u5728\u3084\u6210\u9577\u306e\u9650\u754c\u3092\u611f\u3058\u3066\u3044\u308b\u7d4c\u55b6\u8005\u306b\u3001\u5916\u90e8\u62db\u8058\u3068\u3044\u3046\u9078\u629e\u80a2\u306f\u6709\u52b9\u3067\u3057\u3087\u3046\u304b\u3002<\/p>\n\n\n\n

\n
\n
\"\"<\/a><\/figure>\n<\/div>\n\n\n\n
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\"\"<\/a><\/figure>\n<\/div>\n<\/div>\n\n\n
\n\t\t
\u76ee\u6b21<\/div>\n\t\t
  1. MBI\uff08\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u30fb\u30d0\u30a4\u30fb\u30a4\u30f3\uff09\u3068\u306f<\/a>
    1. \u5916\u90e8\u306e\u7d4c\u55b6\u5c02\u9580\u5bb6\u306b\u3088\u308b\u4f01\u696d\u4fa1\u5024\u306e\u6700\u5927\u5316<\/a><\/li><\/ol><\/li>
    2. MBI\u3068MBO\u30fb\u305d\u306e\u4ed6\u306e\u624b\u6cd5\u3068\u306e\u9055\u3044<\/a>
      1. MBO\uff08\u7d4c\u55b6\u9663\u8cb7\u53ce\uff09\u3068\u306e\u6c7a\u5b9a\u7684\u306a\u9055\u3044<\/a><\/li>
      2. EBO\u30fbLBO\u30fbTOB\u3068\u306e\u95a2\u4fc2<\/a><\/li><\/ol><\/li>
      3. MBI\u304c\u5b9f\u65bd\u3055\u308c\u308b\u4e3b\u306a\u30b1\u30fc\u30b9\u3068\u624b\u6cd5<\/a>
        1. \u6280\u8853\u529b\u306f\u3042\u308b\u304c\u7d4c\u55b6\u529b\u304c\u4e0d\u8db3\u3057\u3066\u3044\u308b\u5834\u5408<\/a><\/li>
        2. \u4e0d\u63a1\u7b97\u4e8b\u696d\u306e\u518d\u751f\u30fb\u30ab\u30fc\u30d6\u30a2\u30a6\u30c8<\/a><\/li>
        3. MBI\u3092\u5b9f\u884c\u3059\u308b3\u3064\u306e\u624b\u6cd5<\/a><\/li><\/ol><\/li>
        4. \u30aa\u30fc\u30ca\u30fc\u7d4c\u55b6\u8005\u304c\u77e5\u308b\u3079\u304dMBI\u306e\u30e1\u30ea\u30c3\u30c8<\/a>
          1. \u5916\u90e8\u30ce\u30a6\u30cf\u30a6\u306b\u3088\u308b\u7d4c\u55b6\u306e\u5237\u65b0<\/a><\/li>
          2. \u5f8c\u7d99\u8005\u554f\u984c\u306e\u629c\u672c\u7684\u89e3\u6c7a<\/a><\/li>
          3. \u5275\u696d\u8005\u5229\u76ca\u306e\u6700\u5927\u5316<\/a><\/li><\/ol><\/li>
          4. MBI\u306e\u30c7\u30e1\u30ea\u30c3\u30c8\u30fb\u30ea\u30b9\u30af<\/a>
            1. \u73fe\u5834\u306e\u6df7\u4e71\u3068\u5f93\u696d\u54e1\u306e\u53cd\u767a<\/a><\/li>
            2. \u4f01\u696d\u6587\u5316\u3068\u306e\u4e0d\u9069\u5408<\/a><\/li><\/ol><\/li>
            3. MBI\u306b\u95a2\u3059\u308bFAQ<\/a><\/li>
            4. \u307e\u3068\u3081\uff5cMBI\uff08Management Buy-In\uff09\u3068\u306f<\/a><\/li><\/ol><\/li><\/ol>\n\t<\/div>\n\n\n

              \u300c\u3046\u3061\u306e\u4f1a\u793e\u3067\u3082\u58f2\u5374\u3067\u304d\u308b\u3060\u308d\u3046\u304b\u2026\u300d\u3001\u300c\u4f55\u304b\u3089\u59cb\u3081\u308c\u3070\u3044\u3044\u3093\u3060\u308d\u3046\u2026\u300d\u3002\u305d\u306e\u3088\u3046\u306a\u30aa\u30fc\u30ca\u30fc\u7d4c\u55b6\u8005\u306e\u4e0d\u5b89\u306b\u3001\u4e2d\u5c0f\u4f01\u696d\u5411\u3051M&A\u4ef2\u4ecb\u4f1a\u793e\u307f\u3064\u304d\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u306f\u300120\u5e74\u9593\u30fb500\u4ef6\u4ee5\u4e0a\u306e\u652f\u63f4\u5b9f\u7e3e\u306b\u57fa\u3065\u304d\u3001\u304a\u5fdc\u3048\u3057\u307e\u3059\u3002\u672c\u683c\u691c\u8a0e\u524d\u306e\u60c5\u5831\u53ce\u96c6\u3068\u3057\u3066\u3001\u307e\u305a\u306f\u304a\u8a71\u3092\u304a\u805e\u304b\u305b\u304f\u3060\u3055\u3044\u3002<\/p>\n\n\n\n

              \uff1e \u307f\u3064\u304d\u30b3\u30f3\u30b5\u30eb\u30c6\u30a3\u30f3\u30b0\u306b\u7121\u6599\u76f8\u8ac7\u3059\u308b\uff5c\u7a0e\u7406\u58eb\u6cd5\u4eba\u30b0\u30eb\u30fc\u30d7<\/a><\/p>\n\n\n\n

              MBI\uff08\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u30fb\u30d0\u30a4\u30fb\u30a4\u30f3\uff09\u3068\u306f<\/h2>\n\n\n\n

              MBI\uff08Management Buy-In\uff09\u3068\u306f\u3001\u5916\u90e8\u306e\u7d4c\u55b6\u5c02\u9580\u5bb6\u3084\u6295\u8cc7\u5bb6\u304c\u5bfe\u8c61\u4f1a\u793e\u3092\u8cb7\u53ce\u3057\u3001\u65b0\u305f\u306a\u7d4c\u55b6\u9663\u3068\u3057\u3066\u53c2\u753b\u3059\u308b\u3053\u3068\u3067\u3001\u4f01\u696d\u4fa1\u5024\u306e\u5411\u4e0a\u3084\u4e8b\u696d\u518d\u5efa\u3092\u56f3\u308bM&A\u624b\u6cd5\u306e\u3053\u3068\u3067\u3059\u3002<\/p>\n\n\n\n

              \u4e00\u822c\u7684\u306aM&A\u304c\u5358\u306b\u300c\u4f1a\u793e\u3092\u58f2\u308b\u30fb\u8cb7\u3046\u300d\u53d6\u5f15\u3067\u3042\u308b\u306e\u306b\u5bfe\u3057\u3001MBI\u306f\u300c\u7d4c\u55b6\u306e\u30d7\u30ed\u3092\u9001\u308a\u8fbc\u3080\u300d\u3068\u3044\u3046\u70b9\u306b\u6700\u5927\u306e\u7279\u5fb4\u304c\u3042\u308a\u307e\u3059\u3002\u512a\u308c\u305f\u6280\u8853\u3084\u30d6\u30e9\u30f3\u30c9\u3092\u6301\u3061\u306a\u304c\u3089\u3082\u3001\u7d4c\u55b6\u624b\u8155\u306e\u4e0d\u8db3\u3084\u5f8c\u7d99\u8005\u4e0d\u5728\u306b\u3088\u3063\u3066\u6210\u9577\u304c\u505c\u6ede\u3057\u3066\u3044\u308b\u4f01\u696d\u306b\u3068\u3063\u3066\u3001\u975e\u5e38\u306b\u6709\u52b9\u306a\u9078\u629e\u80a2\u3068\u306a\u308a\u5f97\u307e\u3059\u3002<\/p>\n\n\n\n

              \u25b7\u95a2\u9023\uff1aM&A\u3068\u306f\uff5c\u76ee\u7684\u3084\u30e1\u30ea\u30c3\u30c8\u30fb\u30c7\u30e1\u30ea\u30c3\u30c8\u3001\u624b\u6cd5\u3001\u6d41\u308c\u3092\u7c21\u5358\u306b\u89e3\u8aac<\/a><\/p>\n\n\n\n

              \u5916\u90e8\u306e\u7d4c\u55b6\u5c02\u9580\u5bb6\u306b\u3088\u308b\u4f01\u696d\u4fa1\u5024\u306e\u6700\u5927\u5316<\/h3>\n\n\n\n

              MBI\u306e\u4e3b\u5f79\u3068\u306a\u308b\u306e\u306f\u3001PE\u30d5\u30a1\u30f3\u30c9<\/mark><\/a>\uff08\u30d7\u30e9\u30a4\u30d9\u30fc\u30c8\u30fb\u30a8\u30af\u30a4\u30c6\u30a3\u30fb\u30d5\u30a1\u30f3\u30c9\uff09\u3084\u3001\u5b9f\u7e3e\u8c4a\u5bcc\u306a\u30d7\u30ed\u7d4c\u55b6\u8005\u3067\u3059\u3002\u5f7c\u3089\u306f\u682a\u5f0f\u3092\u53d6\u5f97\u3057\u3066\u7d4c\u55b6\u6a29\u3092\u63e1\u308b\u3068\u540c\u6642\u306b\u3001\u81ea\u3089\u304c\u5f79\u54e1\u3068\u3057\u3066\u73fe\u5834\u306b\u5165\u308a\u8fbc\u307f\u307e\u3059\u3002<\/p>\n\n\n\n

              \u305d\u306e\u76ee\u7684\u306f\u660e\u78ba\u3067\u3059\u3002\u3053\u308c\u307e\u3067\u306e\u7d4c\u55b6\u4f53\u5236\u3067\u306f\u6210\u3057\u5f97\u306a\u304b\u3063\u305f\u629c\u672c\u7684\u306a\u6539\u9769\u3092\u884c\u3044\u3001\u53ce\u76ca\u6027\u3092\u9ad8\u3081\u3001\u6700\u7d42\u7684\u306b\u306f\u682a\u5f0f\u306e\u4e0a\u5834\u3084\u58f2\u5374\u306b\u3088\u3063\u3066\u30ad\u30e3\u30d4\u30bf\u30eb\u30b2\u30a4\u30f3\uff08\u58f2\u5374\u76ca\uff09\u3092\u5f97\u308b\u3053\u3068\u3067\u3059\u3002\u79c1\u305f\u3061\u652f\u63f4\u306e\u73fe\u5834\u3067\u3082\u3001\u6280\u8853\u529b\u306f\u3042\u308b\u304c\u55b6\u696d\u529b\u304c\u5f31\u3044\u88fd\u9020\u696d\u306a\u3069\u304c\u3001MBI\u306b\u3088\u3063\u3066\u5287\u7684\u306b\u696d\u7e3e\u3092\u4f38\u3070\u3059\u4e8b\u4f8b\u304c\u898b\u3089\u308c\u307e\u3059\u3002<\/p>\n\n\n\n

              \u25b7\u95a2\u9023\uff1aM&A\u624b\u6cd5\u306e\u7a2e\u985e\u306f\uff1f\u5e83\u7fa9\u3068\u72ed\u7fa9\u30fb\u30b9\u30ad\u30fc\u30e0\u306e\u9078\u629e\u30fb\u4e8b\u4f8b\u3082\u7d39\u4ecb<\/a><\/p>\n\n\n\n

              MBI\u3068MBO\u30fb\u305d\u306e\u4ed6\u306e\u624b\u6cd5\u3068\u306e\u9055\u3044<\/h2>\n\n\n\n

              MBI\u3092\u691c\u8a0e\u3059\u308b\u969b\u3001\u3088\u304f\u6bd4\u8f03\u3055\u308c\u308b\u306e\u304cMBO\uff08Management Buy-Out\uff09<\/mark><\/a>\u3067\u3059\u3002\u540d\u524d\u306f\u4f3c\u3066\u3044\u307e\u3059\u304c\u3001\u8ab0\u304c\u7d4c\u55b6\u306e\u4e3b\u5c0e\u6a29\u3092\u63e1\u308b\u304b\u3068\u3044\u3046\u70b9\u3067\u6c7a\u5b9a\u7684\u306b\u7570\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

              MBO\uff08\u7d4c\u55b6\u9663\u8cb7\u53ce\uff09\u3068\u306e\u6c7a\u5b9a\u7684\u306a\u9055\u3044<\/h3>\n\n\n\n

              MBO\u306f\u3001\u73fe\u5728\u306e\u7d4c\u55b6\u9663\u3084\u5f93\u696d\u54e1\u304c\u682a\u5f0f\u3092\u8cb7\u3044\u53d6\u3063\u3066\u72ec\u7acb\u3059\u308b\u624b\u6cd5\u3067\u3059\u3002\u4e00\u65b9\u3001MBI\u306f\u5916\u90e8\u306e\u4eba\u9593\u304c\u7d4c\u55b6\u6a29\u3092\u53d6\u5f97\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

              \u4e0b\u8868\u306f\u3001MBI\u3068MBO\u306e\u4e3b\u306a\u9055\u3044\u3092\u307e\u3068\u3081\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n\n\n\n

              \u9805\u76ee<\/th>MBI (Management Buy-In)<\/th>MBO (Management Buy-Out)<\/th><\/tr><\/thead>
              \u7d4c\u55b6\u4e3b\u4f53\u306e\u5909\u66f4<\/strong><\/td>\u3042\u308a\uff08\u5916\u90e8\u304b\u3089\u62db\u3078\u3044\uff09<\/td>\u306a\u3057\uff08\u73fe\u7d4c\u55b6\u9663\u304c\u7d99\u7d9a\uff09<\/td><\/tr>
              \u4e3b\u306a\u76ee\u7684<\/strong><\/td>\u7d4c\u55b6\u5237\u65b0\u3001\u4f01\u696d\u4fa1\u5024\u5411\u4e0a\u3001\u518d\u751f<\/td>\u73fe\u7d4c\u55b6\u306e\u5b89\u5b9a\u3001\u89aa\u4f1a\u793e\u304b\u3089\u306e\u72ec\u7acb<\/td><\/tr>
              \u5f37\u307f<\/strong><\/td>\u5ba2\u89b3\u7684\u306a\u8996\u70b9\u3001\u9ad8\u5ea6\u306a\u5c02\u9580\u6027<\/td>\u65e2\u5b58\u306e\u7d44\u7e54\u30fb\u30ce\u30a6\u30cf\u30a6\u306e\u7dad\u6301<\/td><\/tr>
              \u4e3b\u306a\u30ea\u30b9\u30af<\/strong><\/td>\u4f01\u696d\u6587\u5316\u306e\u4e0d\u9069\u5408\u3001\u73fe\u5834\u306e\u6df7\u4e71<\/td>\u65e7\u614b\u4f9d\u7136\u3068\u3057\u305f\u7d4c\u55b6\u306e\u7d99\u7d9a<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

              \u30aa\u30fc\u30ca\u30fc\u69d8\u304c\u300c\u4eca\u306e\u756a\u982d\u3055\u3093\u306b\u4f1a\u793e\u3092\u4efb\u305b\u305f\u3044\u300d\u3068\u8003\u3048\u308b\u306a\u3089MBO\u304c\u9069\u3057\u3066\u3044\u307e\u3059\u304c\u3001\u300c\u4f1a\u793e\u3092\u6839\u672c\u304b\u3089\u5909\u3048\u305f\u3044\u300d\u300c\u793e\u5185\u306b\u9069\u4efb\u8005\u304c\u3044\u306a\u3044\u300d\u3068\u3044\u3046\u5834\u5408\u306fMBI\u304c\u691c\u8a0e\u5bfe\u8c61\u3068\u306a\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

              EBO\u30fbLBO\u30fbTOB\u3068\u306e\u95a2\u4fc2<\/h3>\n\n\n\n

              MBI\u3068\u6df7\u540c\u3057\u3084\u3059\u3044\u7528\u8a9e\u306b\u3064\u3044\u3066\u3001\u5b9f\u52d9\u4e0a\u306e\u95a2\u4fc2\u6027\u3092\u6574\u7406\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

              EBO<\/strong><\/h4>\n\n\n\n

              EBO\uff08Employee Buy-Out\uff09 <\/mark><\/a>\u306f\u3001\u5f93\u696d\u54e1\u304c\u4f1a\u793e\u3092\u8cb7\u53ce\u3059\u308b\u624b\u6cd5\u3067\u3059\u3002MBO\u306e\u4e00\u7a2e\u3068\u3082\u8a00\u3048\u307e\u3059\u304c\u3001\u8cc7\u91d1\u529b\u306b\u9650\u754c\u304c\u3042\u308b\u305f\u3081\u3001\u4e2d\u5c0f\u4f01\u696d\u306e\u5b9f\u52d9\u3067\u306f\u5358\u72ec\u3067\u884c\u308f\u308c\u308b\u3053\u3068\u306f\u7a00\u3067\u3059\u3002<\/p>\n\n\n\n

              LBO<\/strong><\/h4>\n\n\n\n

              LBO\uff08Leveraged Buy-Out\uff09 \u306f\u3001\u300c\u8cb7\u53ce\u306e\u624b\u6cd5\u300d\u3067\u306f\u306a\u304f\u300c\u8cc7\u91d1\u8abf\u9054\u306e\u624b\u6cd5\u300d\u3067\u3059\u3002\u8cb7\u53ce\u5148\u306e\u8cc7\u7523\u3092\u62c5\u4fdd\u306b\u501f\u5165\u3092\u884c\u3046\u65b9\u6cd5\u3067\u3001MBI\u3092\u884c\u3046\u969b\u306b\u3001\u30d5\u30a1\u30f3\u30c9\u304cLBO\u30ed\u30fc\u30f3\u3092\u7d44\u307f\u5408\u308f\u305b\u3066\u8cc7\u91d1\u3092\u7528\u610f\u3059\u308b\u30b1\u30fc\u30b9\u304c\u591a\u3005\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

              \u25b7\u95a2\u9023\uff1aLBO\u3068\u306f\uff1f\u4ed5\u7d44\u3068M&A\u30b9\u30ad\u30fc\u30e0\u306e\u6d41\u308c\u30fb\u30e1\u30ea\u30c3\u30c8\u3068\u30c7\u30e1\u30ea\u30c3\u30c8<\/a><\/p>\n\n\n\n

              TOB<\/strong><\/h4>\n\n\n\n

              TOB\uff08Take-Over Bid\uff09\u3068\u306f\u3001 \u682a\u5f0f\u516c\u958b\u8cb7\u4ed8\u306e\u3053\u3068\u3067\u3059\u3002\u4e0a\u5834\u4f01\u696d\u306e\u682a\u3092\u5e02\u5834\u5916\u3067\u5927\u91cf\u306b\u8cb7\u3044\u96c6\u3081\u308b\u300c\u624b\u6bb5\u300d\u3067\u3042\u308a\u3001MBI\u3092\u5b9f\u884c\u3059\u308b\u305f\u3081\u306e\u30d7\u30ed\u30bb\u30b9\u3068\u3057\u3066\u4f7f\u308f\u308c\u308b\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

              \u25b7\u95a2\u9023\uff1aTOB\u3068\u306f\uff1fM&A\u30fbLBO\u30fbMBO\u3068\u306e\u9055\u3044\u3001\u6539\u6b63\uff13\uff10\uff05\u30eb\u30fc\u30eb<\/a><\/p>\n\n\n\n

              MBI\u304c\u5b9f\u65bd\u3055\u308c\u308b\u4e3b\u306a\u30b1\u30fc\u30b9\u3068\u624b\u6cd5<\/h2>\n\n\n\n

              MBI\u306f\u3069\u306e\u3088\u3046\u306a\u72b6\u6cc1\u3067\u9078\u3070\u308c\u308b\u306e\u3067\u3057\u3087\u3046\u304b\u3002\u3053\u3053\u3067\u306f\u5177\u4f53\u7684\u306a\u30b1\u30fc\u30b9\u3068\u3001\u5b9f\u884c\u3059\u308b\u305f\u3081\u306e\u624b\u6cd5\u306b\u3064\u3044\u3066\u89e3\u8aac\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

              \u6280\u8853\u529b\u306f\u3042\u308b\u304c\u7d4c\u55b6\u529b\u304c\u4e0d\u8db3\u3057\u3066\u3044\u308b\u5834\u5408<\/h3>\n\n\n\n

              \u300c\u30e2\u30ce\u4f5c\u308a\u306f\u8d85\u4e00\u6d41\u3060\u304c\u3001\u58f2\u308a\u65b9\u304c\u308f\u304b\u3089\u306a\u3044\u300d\u3002\u3053\u308c\u306f\u65e5\u672c\u306e\u4e2d\u5c0f\u4f01\u696d\u3067\u6700\u3082\u3088\u304f\u3042\u308b\u60a9\u307f\u3067\u3059\u3002<\/p>\n\n\n\n

              \u5275\u696d\u793e\u9577\u304c\u6280\u8853\u7551\u51fa\u8eab\u3067\u3042\u308b\u5834\u5408\u3001\u8ca1\u52d9\u3084\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u304c\u5f31\u70b9\u306b\u306a\u308a\u304c\u3061\u3067\u3059\u3002\u3053\u3053\u306b\u5916\u90e8\u304b\u3089\u7d4c\u55b6\u306e\u30d7\u30ed\uff08\u30de\u30fc\u30b1\u30c6\u30a3\u30f3\u30b0\u3084\u30d5\u30a1\u30a4\u30ca\u30f3\u30b9\u306e\u5c02\u9580\u5bb6\uff09\u304cMBI\u3067\u53c2\u753b\u3059\u308b\u3053\u3068\u3067\u3001\u57cb\u3082\u308c\u3066\u3044\u305f\u30dd\u30c6\u30f3\u30b7\u30e3\u30eb\u304c\u4e00\u6c17\u306b\u958b\u82b1\u3057\u307e\u3059\u3002\u5b9d\u306e\u6301\u3061\u8150\u308c\u3092\u9632\u3050\u305f\u3081\u306e\u7279\u52b9\u85ac\u3068\u8a00\u3048\u308b\u3067\u3057\u3087\u3046\u3002<\/p>\n\n\n\n

              \u4e0d\u63a1\u7b97\u4e8b\u696d\u306e\u518d\u751f\u30fb\u30ab\u30fc\u30d6\u30a2\u30a6\u30c8<\/h3>\n\n\n\n

              \u591a\u89d2\u5316\u7d4c\u55b6\u306e\u4e2d\u3067\u8d64\u5b57\u90e8\u9580\u3092\u62b1\u3048\u3066\u3044\u308b\u5834\u5408\u3067\u3059\u3002\u793e\u5185\u306e\u4eba\u9593\u95a2\u4fc2\u3084\u3057\u304c\u3089\u307f\u304c\u3042\u308b\u65e2\u5b58\u7d4c\u55b6\u9663\u3067\u306f\u3001\u64a4\u9000\u3084\u30ea\u30b9\u30c8\u30e9\u3068\u3044\u3063\u305f\u75db\u307f\u3092\u4f34\u3046\u6c7a\u65ad\u304c\u3067\u304d\u306a\u3044\u3053\u3068\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

              MBI\u3067\u5916\u90e8\u306e\u7d4c\u55b6\u8005\u304c\u5165\u308c\u3070\u3001\u3057\u304c\u3089\u307f\u306b\u3068\u3089\u308f\u308c\u305a\u3001\u4e0d\u63a1\u7b97\u4e8b\u696d\u306e\u5207\u308a\u96e2\u3057\uff08\u30ab\u30fc\u30d6\u30a2\u30a6\u30c8\uff09\u3084\u629c\u672c\u7684\u306a\u30b3\u30b9\u30c8\u524a\u6e1b\u3092\u65ad\u884c\u3067\u304d\u307e\u3059\u3002\u30c9\u30e9\u30a4\u306a\u5224\u65ad\u304c\u5fc5\u8981\u306a\u518d\u751f\u5c40\u9762\u3067\u306f\u3001\u5916\u90e8\u306e\u8996\u70b9\u304c\u4e0d\u53ef\u6b20\u306a\u306e\u3067\u3059\u3002<\/p>\n\n\n\n

              \u25b7\u95a2\u9023\uff1a\u5b50\u4f1a\u793e\u58f2\u5374\u30fb\u30ab\u30fc\u30d6\u30a2\u30a6\u30c8\u3068\u306f\uff1f\u65b9\u6cd5\u30fb\u624b\u7d9a\u30fb\u7a0e\u52d9\u30fb\u6ce8\u610f\u70b9\u3092\u89e3\u8aac<\/a><\/p>\n\n\n\n

              MBI\u3092\u5b9f\u884c\u3059\u308b3\u3064\u306e\u624b\u6cd5<\/h3>\n\n\n\n

              \u5b9f\u52d9\u4e0a\u3001MBI\u306b\u306f\u5927\u304d\u304f\u5206\u3051\u30663\u3064\u306e\u30d1\u30bf\u30fc\u30f3\u304c\u3042\u308a\u307e\u3059\u3002\u4e0b\u8868\u306f\u3001MBI\u306e\u4e3b\u306a\u30d1\u30bf\u30fc\u30f3\u3092\u307e\u3068\u3081\u305f\u3082\u306e\u3067\u3059\u3002<\/p>\n\n\n\n

              \u30d1\u30bf\u30fc\u30f3<\/strong><\/th>\u6982\u8981<\/strong><\/th>\u8a73\u7d30<\/strong><\/th><\/tr><\/thead>
              \u8cb7\u53ce\u5074\u304c\u7d4c\u55b6\u8005\u3092\u9001\u308a\u8fbc\u3080<\/strong><\/td>\u6295\u8cc7\u30d5\u30a1\u30f3\u30c9\u7b49\u304c\u4f1a\u793e\u3092\u8cb7\u53ce\u3057\u3001\u5f7c\u3089\u304c\u9078\u5b9a\u3057\u305f\u30d7\u30ed\u7d4c\u55b6\u8005\u3092\u793e\u9577\u3068\u3057\u3066\u6d3e\u9063\u3057\u307e\u3059\u3002<\/td>\u6700\u3082\u4e00\u822c\u7684\u306a\u5f62\u3067\u3059\u3002\u30d5\u30a1\u30f3\u30c9\u304c\u4e3b\u5c0e\u6a29\u3092\u6301\u3061\u3001\u7d4c\u55b6\u518d\u5efa\u3084\u4f01\u696d\u4fa1\u5024\u5411\u4e0a\u306e\u5b9f\u7e3e\u3092\u6301\u3064\u30d7\u30ed\u7d4c\u55b6\u8005\u3092\u5916\u90e8\u304b\u3089\u62db\u3044\u3066\u7d4c\u55b6\u3092\u4efb\u305b\u307e\u3059\u3002<\/td><\/tr>
              \u30d5\u30a1\u30f3\u30c9\u3068\u7d4c\u55b6\u8005\u5019\u88dc\u306e\u5171\u540c\u51fa\u8cc7<\/strong><\/td>\u300c\u3053\u306e\u4f1a\u793e\u3092\u518d\u5efa\u3057\u305f\u3044\u300d\u3068\u3044\u3046\u610f\u6b32\u3042\u308b\u500b\u4eba\uff08\u7d4c\u55b6\u8005\u5019\u88dc\uff09\u304c\u3001\u30b9\u30dd\u30f3\u30b5\u30fc\u3068\u306a\u308b\u30d5\u30a1\u30f3\u30c9\u3092\u898b\u3064\u3051\u3066\u5171\u540c\u3067\u51fa\u8cc7\u30fb\u8cb7\u53ce\u3057\u307e\u3059\u3002<\/td>\u7d4c\u55b6\u8005\u5019\u88dc\uff08\u30b5\u30fc\u30c1\u30e3\u30fc\uff09\u304c\u4e3b\u4f53\u3068\u306a\u308a\u3001\u8cc7\u91d1\u9762\u3067\u30b5\u30fc\u30c1\u30d5\u30a1\u30f3\u30c9<\/mark><\/a>\u306e\u652f\u63f4\u3092\u53d7\u3051\u308b\u5f62\u3067\u3059\u3002\u7d4c\u55b6\u8005\u81ea\u8eab\u3082\u51fa\u8cc7\u3059\u308b\u3053\u3068\u3067\u3001\u5f37\u3044\u30b3\u30df\u30c3\u30c8\u30e1\u30f3\u30c8\u304c\u751f\u307e\u308c\u307e\u3059\u3002<\/td><\/tr>
              \u8cb7\u53ce\u3055\u308c\u308b\u5074\u304c\u62db\u304d\u5165\u308c\u308b<\/strong><\/td>\u30aa\u30fc\u30ca\u30fc\u81ea\u3089\u304c\u300c\u4eca\u306e\u307e\u307e\u3067\u306f\u7acb\u3061\u884c\u304b\u306a\u3044\u300d\u3068\u5224\u65ad\u3057\u3001\u30d5\u30a1\u30f3\u30c9\u7b49\u306e\u529b\u3092\u501f\u308a\u3066\u5916\u90e8\u7d4c\u55b6\u8005\u3092\u62db\u8058\u3057\u307e\u3059\u3002<\/td>\u73fe\u7d4c\u55b6\u8005\u304c\u81ea\u793e\u306e\u9650\u754c\u3092\u8a8d\u8b58\u3057\u3001\u5916\u90e8\u306e\u7d4c\u55b6\u529b\u3068\u8cc7\u91d1\u3092\u7a4d\u6975\u7684\u306b\u53d7\u3051\u5165\u308c\u308b\u30b1\u30fc\u30b9\u3067\u3059\u3002\u4e8b\u696d\u518d\u751f\u3084\u7d4c\u55b6\u6539\u9769\u304c\u76ee\u7684\u3068\u306a\u308b\u3053\u3068\u304c\u591a\u3044\u3067\u3059\u3002<\/td><\/tr><\/tbody><\/table><\/figure>\n\n\n\n

              \u30aa\u30fc\u30ca\u30fc\u7d4c\u55b6\u8005\u304c\u77e5\u308b\u3079\u304dMBI\u306e\u30e1\u30ea\u30c3\u30c8<\/h2>\n\n\n\n

              MBI\u306f\u300c\u4e57\u3063\u53d6\u308a\u300d\u306e\u3088\u3046\u306a\u6016\u3044\u30a4\u30e1\u30fc\u30b8\u3092\u6301\u305f\u308c\u308b\u3053\u3068\u3082\u3042\u308a\u307e\u3059\u304c\u3001\u4e8b\u696d\u627f\u7d99\u3084\u6210\u9577\u6226\u7565\u306b\u304a\u3044\u3066\u5f37\u529b\u306a\u30e1\u30ea\u30c3\u30c8\u3092\u3082\u305f\u3089\u3057\u307e\u3059\u3002<\/p>\n\n\n\n

              \u5916\u90e8\u30ce\u30a6\u30cf\u30a6\u306b\u3088\u308b\u7d4c\u55b6\u306e\u5237\u65b0<\/h3>\n\n\n\n

              \u5916\u90e8\u304b\u3089\u65b0\u3057\u3044\u5c02\u9580\u77e5\u8b58\u3084\u7d4c\u55b6\u30ce\u30a6\u30cf\u30a6\u3092\u53d6\u308a\u5165\u308c\u3089\u308c\u308b\u70b9\u304c\u6700\u5927\u306e\u30e1\u30ea\u30c3\u30c8\u3067\u3059\u3002<\/p>\n\n\n\n

              \u9577\u5e74\u540c\u3058\u30e1\u30f3\u30d0\u30fc\u3067\u7d4c\u55b6\u3057\u3066\u3044\u308b\u3068\u3001\u3069\u3046\u3057\u3066\u3082\u601d\u8003\u304c\u786c\u76f4\u5316\u3057\u307e\u3059\u3002MBI\u306b\u3088\u3063\u3066\u7570\u696d\u7a2e\u306e\u77e5\u898b\u3084\u6700\u65b0\u306eDX\uff08\u30c7\u30b8\u30bf\u30eb\u30c8\u30e9\u30f3\u30b9\u30d5\u30a9\u30fc\u30e1\u30fc\u30b7\u30e7\u30f3\uff09\u306e\u30ce\u30a6\u30cf\u30a6\u304c\u6301\u3061\u8fbc\u307e\u308c\u308b\u3053\u3068\u3067\u3001\u793e\u5185\u306e\u505c\u6ede\u30e0\u30fc\u30c9\u304c\u6253\u7834\u3055\u308c\u307e\u3059\u3002\u5ba2\u89b3\u7684\u306a\u8996\u70b9\u3067\u4e8b\u696d\u69cb\u9020\u3092\u898b\u76f4\u305b\u308b\u305f\u3081\u3001\u77ed\u671f\u9593\u3067\u306eV\u5b57\u56de\u5fa9\u3082\u73cd\u3057\u304f\u3042\u308a\u307e\u305b\u3093\u3002<\/p>\n\n\n\n

              \u5f8c\u7d99\u8005\u554f\u984c\u306e\u629c\u672c\u7684\u89e3\u6c7a<\/h3>\n\n\n\n

              MBI\u306f\u3001\u5f8c\u7d99\u8005\u4e0d\u5728\u306e\u30aa\u30fc\u30ca\u30fc\u4f01\u696d\u306b\u3068\u3063\u3066\u6551\u4e16\u4e3b\u3068\u306a\u308a\u5f97\u307e\u3059\u3002<\/p>\n\n\n\n

              \u300c\u5b50\u4f9b\u306f\u7d99\u304c\u306a\u3044\u3057\u3001\u5f79\u54e1\u3082\u9ad8\u9f62\u5316\u3057\u3066\u3044\u308b\u300d\u3068\u3044\u3046\u5834\u5408\u3001\u5ec3\u696d\u304b\u7b2c\u4e09\u8005\u3078\u306e\u8b72\u6e21\u3057\u304b\u9053\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u3057\u304b\u3057\u3001\u5358\u306b\u540c\u696d\u4ed6\u793e\u306b\u58f2\u5374\u3059\u308b\u3060\u3051\u3067\u306f\u3001\u4f1a\u793e\u304c\u5438\u53ce\u3055\u308c\u3066\u6d88\u3048\u3066\u3057\u307e\u3046\u61f8\u5ff5\u304c\u3042\u308a\u307e\u3059\u3002MBI\u3067\u3042\u308c\u3070\u3001\u72ec\u7acb\u3057\u305f\u4f01\u696d\u3068\u3057\u3066\u306e\u5f62\u3092\u6b8b\u3057\u3064\u3064\u3001\u30d7\u30ed\u306e\u7d4c\u55b6\u8005\u306b\u30d0\u30c8\u30f3\u3092\u6e21\u3059\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

              \u5275\u696d\u8005\u5229\u76ca\u306e\u6700\u5927\u5316<\/h3>\n\n\n\n

              MBI\u306e\u8cb7\u3044\u624b\u306f\u3001\u5c06\u6765\u306e\u6210\u9577\u3092\u898b\u8fbc\u3093\u3067\u6295\u8cc7\u3059\u308b\u30d5\u30a1\u30f3\u30c9\u306a\u3069\u304c\u4e2d\u5fc3\u3067\u3059\u3002\u5f7c\u3089\u306f\u5bfe\u8c61\u4f01\u696d\u306e\u30dd\u30c6\u30f3\u30b7\u30e3\u30eb\u3092\u9ad8\u304f\u8a55\u4fa1\u3059\u308b\u305f\u3081\u3001\u5358\u306a\u308b\u8cc7\u7523\u4fa1\u5024\u4ee5\u4e0a\u306e\u4fa1\u683c\uff08\u306e\u308c\u3093\u4ee3<\/mark><\/a>\uff09\u304c\u3064\u304f\u53ef\u80fd\u6027\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

              \u7d50\u679c\u3068\u3057\u3066\u3001\u30aa\u30fc\u30ca\u30fc\u7d4c\u55b6\u8005\u306f\u4f1a\u793e\u3092\u8b72\u6e21\u3059\u308b\u3053\u3068\u3067\u307e\u3068\u307e\u3063\u305f\u73fe\u91d1\u3092\u624b\u306b\u3057\u3001\u5b89\u5fc3\u3057\u3066\u30ea\u30bf\u30a4\u30a2\u5f8c\u306e\u751f\u6d3b\u3092\u9001\u308b\u3053\u3068\u304c\u3067\u304d\u307e\u3059\u3002<\/p>\n\n\n\n

              MBI\u306e\u30c7\u30e1\u30ea\u30c3\u30c8\u30fb\u30ea\u30b9\u30af<\/h2>\n\n\n\n

              \u4e00\u65b9\u3067\u3001MBI\u306b\u306f\u7279\u6709\u306e\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002\u3053\u3053\u3092\u8efd\u8996\u3059\u308b\u3068\u3001\u8cb7\u53ce\u5f8c\u306b\u7d44\u7e54\u304c\u5d29\u58ca\u3057\u304b\u306d\u307e\u305b\u3093\u3002<\/p>\n\n\n\n

              \u73fe\u5834\u306e\u6df7\u4e71\u3068\u5f93\u696d\u54e1\u306e\u53cd\u767a<\/h3>\n\n\n\n

              \u7a81\u7136\u3001\u5916\u90e8\u304b\u3089\u300c\u793e\u9577\u300d\u304c\u3084\u3063\u3066\u304d\u3066\u6307\u63ee\u3092\u57f7\u308a\u59cb\u3081\u308b\u308f\u3051\u3067\u3059\u304b\u3089\u3001\u73fe\u5834\u306e\u5f93\u696d\u54e1\u304c\u4e0d\u5b89\u3084\u53cd\u767a\u3092\u62b1\u304f\u306e\u306f\u5f53\u7136\u3067\u3059\u3002\u300c\u4eca\u307e\u3067\u306e\u3084\u308a\u65b9\u3092\u5426\u5b9a\u3055\u308c\u305f\u300d\u3068\u611f\u3058\u3001\u53e4\u53c2\u306e\u30ad\u30fc\u30de\u30f3\u304c\u9000\u8077\u3057\u3066\u3057\u307e\u3046\u30ea\u30b9\u30af\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

              \u79c1\u305f\u3061\u304c\u652f\u63f4\u3059\u308b\u969b\u3082\u3001\u3053\u306e\u70b9\u306b\u306f\u7d30\u5fc3\u306e\u6ce8\u610f\u3092\u6255\u3044\u307e\u3059\u3002MBI\u5b9f\u65bd\u76f4\u5f8c\u306f\u3001\u65b0\u7d4c\u55b6\u9663\u304c\u73fe\u5834\u306e\u58f0\u306b\u8033\u3092\u50be\u3051\u3001\u4fe1\u983c\u95a2\u4fc2\u3092\u7bc9\u304f\u305f\u3081\u306e\u5bfe\u8a71\uff08PMI\uff1a\u7d71\u5408\u30d7\u30ed\u30bb\u30b9\uff09\u306b\u5341\u5206\u306a\u6642\u9593\u3092\u304b\u3051\u308b\u5fc5\u8981\u304c\u3042\u308a\u307e\u3059\u3002<\/p>\n\n\n\n

              \u4f01\u696d\u6587\u5316\u3068\u306e\u4e0d\u9069\u5408<\/h3>\n\n\n\n

              \u4f01\u696d\u6587\u5316\uff08\u30ab\u30eb\u30c1\u30e3\u30fc\uff09\u306e\u30df\u30b9\u30de\u30c3\u30c1\u306f\u6df1\u523b\u306a\u554f\u984c\u3067\u3059\u3002\u4f8b\u3048\u3070\u3001\u30a2\u30c3\u30c8\u30db\u30fc\u30e0\u306a\u96f0\u56f2\u6c17\u306e\u4f1a\u793e\u306b\u3001\u6210\u679c\u4e3b\u7fa9\u306e\u30c9\u30e9\u30a4\u306a\u7d4c\u55b6\u8005\u304c\u5165\u3063\u3066\u304f\u308b\u3068\u3001\u7d44\u7e54\u5168\u4f53\u304c\u59d4\u7e2e\u3057\u3066\u3057\u307e\u3044\u307e\u3059\u3002<\/p>\n\n\n\n

              \u524d\u306e\u7d4c\u55b6\u30b9\u30bf\u30a4\u30eb\u3068\u65b0\u3057\u3044\u30b9\u30bf\u30a4\u30eb\u304c\u5408\u308f\u306a\u3044\u3053\u3068\u3067\u3001\u696d\u7e3e\u304c\u304b\u3048\u3063\u3066\u60aa\u5316\u3059\u308b\u3053\u3068\u3082\u3042\u308a\u5f97\u307e\u3059\u3002\u8cb7\u3044\u624b\u3092\u9078\u3076\u969b\u306f\u3001\u6570\u5b57\u3060\u3051\u3067\u306a\u304f\u300c\u30a6\u30c1\u306e\u793e\u98a8\u3092\u7406\u89e3\u3057\u3066\u304f\u308c\u308b\u304b\u300d\u3092\u898b\u6975\u3081\u308b\u3053\u3068\u304c\u91cd\u8981\u3067\u3059\u3002<\/p>\n\n\n\n

              MBI\u306b\u95a2\u3059\u308bFAQ<\/h2>\n\n\n\n

              MBI\u306b\u3064\u3044\u3066\u3001\u30aa\u30fc\u30ca\u30fc\u7d4c\u55b6\u8005\u69d8\u304b\u3089\u3088\u304f\u3044\u305f\u3060\u304f\u8cea\u554f\u3092\u307e\u3068\u3081\u307e\u3057\u305f\u3002<\/p>\n\n\n\n

              Q. \u5f93\u696d\u54e1\u3078\u306e\u8aac\u660e\u306f\u3044\u3064\u3059\u3079\u304d\u3067\u3059\u304b\u3002<\/strong> <\/span><\/strong><\/strong>

              \u57fa\u672c\u7684\u306b\u306f\u6700\u7d42\u5951\u7d04\u306e\u7de0\u7d50\u5f8c\u3001\u30af\u30ed\u30fc\u30b8\u30f3\u30b0\uff08\u6c7a\u6e08\uff09\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u3067\u884c\u3044\u307e\u3059\u3002\u65e9\u3059\u304e\u308b\u3068\u5642\u304c\u5e83\u307e\u308a\u52d5\u63fa\u3092\u62db\u304f\u305f\u3081\u3001\u516c\u8868\u306e\u30bf\u30a4\u30df\u30f3\u30b0\u306f\u614e\u91cd\u306b\u8abf\u6574\u3057\u307e\u3059\u3002<\/p> <\/div>

              Q. \u30d5\u30a1\u30f3\u30c9\u306b\u4f1a\u793e\u3092\u58f2\u308b\u3068\u3001\u30d0\u30e9\u30d0\u30e9\u306b\u3055\u308c\u307e\u305b\u3093\u304b\uff1f<\/strong><\/span><\/strong><\/strong>

              \u5fc5\u305a\u3057\u3082\u305d\u3046\u3067\u306f\u3042\u308a\u307e\u305b\u3093\u3002\u30d5\u30a1\u30f3\u30c9\u306e\u76ee\u7684\u306f\u4f01\u696d\u4fa1\u5024\u3092\u4e0a\u3052\u3066\u9ad8\u304f\u58f2\u308b\u3053\u3068\u306a\u306e\u3067\u3001\u4f1a\u793e\u3092\u6210\u9577\u3055\u305b\u308b\u30a4\u30f3\u30bb\u30f3\u30c6\u30a3\u30d6\u304c\u3042\u308a\u307e\u3059\u3002\u305f\u3060\u3057\u3001\u5951\u7d04\u524d\u306b\u76f8\u624b\u306e\u65b9\u91dd\u3092\u78ba\u8a8d\u3059\u308b\u3053\u3068\u306f\u5fc5\u9808\u3067\u3059\u3002<\/p> <\/div>

              Q. \u8d64\u5b57\u306e\u4f1a\u793e\u3067\u3082MBI\u306f\u53ef\u80fd\u3067\u3059\u304b\uff1f<\/strong><\/strong><\/span><\/strong><\/strong>

              \u53ef\u80fd\u3067\u3059\u3002\u3080\u3057\u308dMBI\u306f\u518d\u751f\u6848\u4ef6\u3067\u5f37\u307f\u3092\u767a\u63ee\u3057\u307e\u3059\u3002\u305f\u3060\u3057\u3001\u72ec\u81ea\u306e\u6280\u8853\u3084\u9867\u5ba2\u57fa\u76e4\u306a\u3069\u3001\u518d\u5efa\u306e\u6838\u3068\u306a\u308b\u300c\u5f37\u307f\u300d\u304c\u6b8b\u3063\u3066\u3044\u308b\u3053\u3068\u304c\u6761\u4ef6\u3068\u306a\u308a\u307e\u3059\u3002<\/p> <\/div> <\/div>\n\n\n\n

              \n
              \n
              \"\"<\/a><\/figure>\n<\/div>\n\n\n\n
              \n
              \"\"<\/a><\/figure>\n<\/div>\n<\/div>\n\n\n\n

              \u307e\u3068\u3081\uff5cMBI\uff08Management Buy-In\uff09\u3068\u306f<\/h2>\n\n\n\n

              MBI\uff08\u30de\u30cd\u30b8\u30e1\u30f3\u30c8\u30fb\u30d0\u30a4\u30fb\u30a4\u30f3\uff09\u3068\u306f\u3001\u5916\u90e8\u306e\u7d4c\u55b6\u5c02\u9580\u5bb6\u304c\u8cc7\u672c\u3068\u5171\u306b\u4f1a\u793e\u306b\u5165\u308a\u3001\u7d4c\u55b6\u3092\u5237\u65b0\u3059\u308bM&A\u624b\u6cd5\u3067\u3059\u3002 \u8981\u70b9\u306f\u4ee5\u4e0b\u306e\u901a\u308a\u3067\u3059\u3002<\/p>\n\n\n\n