$$In a Management buy$-$out, a management team pools resources to acquire all or part of a business

they manage.$$ Explain the term Management buy$-$out with some suitable examples.

$1.$A lead advisor is one of the most important roles in a management buy$-$out $($MBO$)$transactions$.$ Describe the role of financial advisor in management buy$-$out?

$2.$Private equity can be used to develop new products and technologies, to expand working capital, to make acquisition, or to strengthen a company balance sheet.$$ Elucidate?