The generational change in medium-sized companies has become increasingly difficult in recent years. In more and more family businesses, there is no suitable successor available. Children often want to pursue other career paths instead of continuing their parents’ business. This is why alternatives such as MBOs and MBIs are becoming increasingly relevant. In an MBO, the so-called management buy-out, the succession is taken over by one or more people from the company’s own first or second management level – such as authorized signatories or sales managers. The MBI, or management buy-in, is also being considered as an option in more and more handovers. In this approach, the company is sold to an experienced, external management team.