{"id":66,"date":"2016-06-16T13:04:30","date_gmt":"2016-06-16T12:04:30","guid":{"rendered":"https:\/\/castlesquarecf.co.uk\/?page_id=66"},"modified":"2020-06-19T10:00:04","modified_gmt":"2020-06-19T09:00:04","slug":"management-buy-outs","status":"publish","type":"page","link":"https:\/\/castlesquarecf.co.uk\/services\/management-buy-outs\/","title":{"rendered":"Management Buy-Outs"},"content":{"rendered":"<div class=\"uk-grid uk-grid-width-medium-1-2\" data-uk-grid-margin=\"\">\n<div>\n<h3 class=\"uk-text-primary\">A Management Buy-Out is a rare opportunity to combine responsibility for key decision-making with the rewards of business ownership.<\/h3>\n<p>A Management Buy-Out occurs where the management team of a business acquires that business from its owner. For vendors, the Management Buy-Out can sometimes represent the most<br \/>\nviable exit route.<\/p>\n<h2 class=\"uk-text-primary uk-margin-bottom-remove\">Our Service<\/h2>\n<p>A Management Buy-Out is often relatively time consuming, complex in nature and there can be a number of unexpected developments as progress is made towards completion. It is therefore key to appoint corporate finance advisers who are focused on advising you and have the experience to successfully lead you through every stage of the transaction.<\/p>\n<p>We are specialists in advising on and raising funds for Management Buy-Outs and are experienced in Private Equity funding where appropriate for this kind of transaction.\n<\/p><\/div>\n<div>\n<h3 class=\"uk-text-primary\">Typically, we will lead all stages of the Buy-Out, including:<\/h3>\n<ul type=\"square\">\n<li>establishing the feasibility of the Buy-Out, thereby ensuring that any other put forward is sufficiently attractive from the vendor\u2019s perspective, realistically priced, structured and fundable<\/li>\n<li>negotiating the main terms of the transaction with the vendor, including price and structure<\/li>\n<li>advising on the most appropriate funding structure for the transaction<\/li>\n<li>assisting in the preparation of presentations for funders and seeking\/negotiating the debt and equity requirement on your behalf<\/li>\n<li>delivering our extensive experience to ensure the project is managed professionally and efficiently from start to a successful completion.<\/li>\n<\/ul>\n<p>Our input is key at the feasibility stage. We see many instances where vendors and Buy-Out teams spend considerable time agreeing a transaction before we get involved, where the price of structure cannot be funded.<\/p>\n<\/div>\n<\/div>\n<h2 class=\"uk-h1 uk-text-center uk-margin-large\">Featured Case Studies<\/h2>\n<!--W4PL_List_780-->\n<div id=\"w4pl-list-780\" class=\"w4pl\">\n\t<div id=\"w4pl-inner-780\" class=\"w4pl-inner\">\n\t\t<div class=\"uk-grid uk-grid-width-medium-1-3\">\r\n\t\r\n\t\t<div class=\"uk-panel\">\r\n\t\t\t<div class=\"uk-grid uk-margin-bottom uk-margin-top-remove\">\r\n\t\t\t\t<div class=\"uk-width-1-4 uk-text-center\">\r\n\t\t\t\t\t<div class=\"uk-panel\">\r\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"200\" src=\"https:\/\/castlesquarecf.co.uk\/wp-content\/uploads\/Gear-Stick-image-scaled-200x200.jpg\" class=\"uk-border-circle\" alt=\"\" size=\"spotlight-icon\" \/><\/a>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t<div class=\"uk-width-medium-3-4\">\r\n\t\t\t\t\t<div class=\"uk-panel\">\r\n\t\t\t\t\t\t<h2 class=\"uk-h3 uk-margin-bottom-remove\"><a href=\"https:\/\/castlesquarecf.co.uk\/case-studies\/management-buy-out-of-leading-professional-valeting-services-company-from-specialist-global-credit-management-firm\/\" title=\"Management Buy Out of leading Professional Valeting Services Company from Specialist Global Credit Management firm\">Management Buy Out of leading Professional Valeting Services Company from Specialist Global Credit Management firm<\/a><\/h2>\r\n\t\t\t\t\t\t<div class=\"post-excerpt\">Direct Valeting Limited, one of the UK\u2019s leading professional valeting&hellip;<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t<a class=\"uk-position-cover\" href=\"https:\/\/castlesquarecf.co.uk\/case-studies\/management-buy-out-of-leading-professional-valeting-services-company-from-specialist-global-credit-management-firm\/\" title=\"Management Buy Out of leading Professional Valeting Services Company from Specialist Global Credit Management firm\"><\/a>\r\n\t\t<\/div>\r\n\t\r\n\t\t<div class=\"uk-panel\">\r\n\t\t\t<div class=\"uk-grid uk-margin-bottom uk-margin-top-remove\">\r\n\t\t\t\t<div class=\"uk-width-1-4 uk-text-center\">\r\n\t\t\t\t\t<div class=\"uk-panel\">\r\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"200\" src=\"https:\/\/castlesquarecf.co.uk\/wp-content\/uploads\/Vecta-Logo-200x200.jpg\" class=\"uk-border-circle\" alt=\"\" size=\"spotlight-icon\" \/><\/a>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t<div class=\"uk-width-medium-3-4\">\r\n\t\t\t\t\t<div class=\"uk-panel\">\r\n\t\t\t\t\t\t<h2 class=\"uk-h3 uk-margin-bottom-remove\"><a href=\"https:\/\/castlesquarecf.co.uk\/case-studies\/management-buy-out-of-vecta-risk-partners\/\" title=\"Management Buy-Out of Vecta Risk Partners\">Management Buy-Out of Vecta Risk Partners<\/a><\/h2>\r\n\t\t\t\t\t\t<div class=\"post-excerpt\">&nbsp; Castle Square advise on the Management Buy-Out of Vecta&hellip;<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t<a class=\"uk-position-cover\" href=\"https:\/\/castlesquarecf.co.uk\/case-studies\/management-buy-out-of-vecta-risk-partners\/\" title=\"Management Buy-Out of Vecta Risk Partners\"><\/a>\r\n\t\t<\/div>\r\n\t\r\n\t\t<div class=\"uk-panel\">\r\n\t\t\t<div class=\"uk-grid uk-margin-bottom uk-margin-top-remove\">\r\n\t\t\t\t<div class=\"uk-width-1-4 uk-text-center\">\r\n\t\t\t\t\t<div class=\"uk-panel\">\r\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"200\" src=\"https:\/\/castlesquarecf.co.uk\/wp-content\/uploads\/Picture2-200x200.png\" class=\"uk-border-circle\" alt=\"\" size=\"spotlight-icon\" \/><\/a>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t<div class=\"uk-width-medium-3-4\">\r\n\t\t\t\t\t<div class=\"uk-panel\">\r\n\t\t\t\t\t\t<h2 class=\"uk-h3 uk-margin-bottom-remove\"><a href=\"https:\/\/castlesquarecf.co.uk\/case-studies\/a-deal-made-in-sheffield-with-a-local-cast\/\" title=\"A Deal Made in Sheffield with a Local Cast\">A Deal Made in Sheffield with a Local Cast<\/a><\/h2>\r\n\t\t\t\t\t\t<div class=\"post-excerpt\">A company which is a world leader in its field&hellip;<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t<a class=\"uk-position-cover\" href=\"https:\/\/castlesquarecf.co.uk\/case-studies\/a-deal-made-in-sheffield-with-a-local-cast\/\" title=\"A Deal Made in Sheffield with a Local Cast\"><\/a>\r\n\t\t<\/div>\r\n\t\r\n\t\t<div class=\"uk-panel\">\r\n\t\t\t<div class=\"uk-grid uk-margin-bottom uk-margin-top-remove\">\r\n\t\t\t\t<div class=\"uk-width-1-4 uk-text-center\">\r\n\t\t\t\t\t<div class=\"uk-panel\">\r\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"200\" src=\"https:\/\/castlesquarecf.co.uk\/wp-content\/uploads\/Lewis-and-Chris-Bowen-200x200.jpg\" class=\"uk-border-circle\" alt=\"\" size=\"spotlight-icon\" \/><\/a>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t<div class=\"uk-width-medium-3-4\">\r\n\t\t\t\t\t<div class=\"uk-panel\">\r\n\t\t\t\t\t\t<h2 class=\"uk-h3 uk-margin-bottom-remove\"><a href=\"https:\/\/castlesquarecf.co.uk\/case-studies\/castle-square-advise-babco-uk-on-a-management-buy-out\/\" title=\"Castle Square advise Babco UK on a Management Buy-Out\">Castle Square advise Babco UK on a Management Buy-Out<\/a><\/h2>\r\n\t\t\t\t\t\t<div class=\"post-excerpt\">A rising force in the UK drinks and spirits market&hellip;<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t<a class=\"uk-position-cover\" href=\"https:\/\/castlesquarecf.co.uk\/case-studies\/castle-square-advise-babco-uk-on-a-management-buy-out\/\" title=\"Castle Square advise Babco UK on a Management Buy-Out\"><\/a>\r\n\t\t<\/div>\r\n\t\r\n\t\t<div class=\"uk-panel\">\r\n\t\t\t<div class=\"uk-grid uk-margin-bottom uk-margin-top-remove\">\r\n\t\t\t\t<div class=\"uk-width-1-4 uk-text-center\">\r\n\t\t\t\t\t<div class=\"uk-panel\">\r\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"200\" src=\"https:\/\/castlesquarecf.co.uk\/wp-content\/uploads\/architecture-1477041-200x200.jpg\" class=\"uk-border-circle\" alt=\"\" size=\"spotlight-icon\" \/><\/a>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t<div class=\"uk-width-medium-3-4\">\r\n\t\t\t\t\t<div class=\"uk-panel\">\r\n\t\t\t\t\t\t<h2 class=\"uk-h3 uk-margin-bottom-remove\"><a href=\"https:\/\/castlesquarecf.co.uk\/case-studies\/castle-square-advise-on-the-management-buy-out-of-glanville-consultants\/\" title=\"Castle Square advise on the Management Buy-Out of Glanville Consultants\">Castle Square advise on the Management Buy-Out of Glanville Consultants<\/a><\/h2>\r\n\t\t\t\t\t\t<div class=\"post-excerpt\">&nbsp; Engineering, design and surveying consultants, Glanville Consultants has changed&hellip;<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t<a class=\"uk-position-cover\" href=\"https:\/\/castlesquarecf.co.uk\/case-studies\/castle-square-advise-on-the-management-buy-out-of-glanville-consultants\/\" title=\"Castle Square advise on the Management Buy-Out of Glanville Consultants\"><\/a>\r\n\t\t<\/div>\r\n\t\r\n\t\t<div class=\"uk-panel\">\r\n\t\t\t<div class=\"uk-grid uk-margin-bottom uk-margin-top-remove\">\r\n\t\t\t\t<div class=\"uk-width-1-4 uk-text-center\">\r\n\t\t\t\t\t<div class=\"uk-panel\">\r\n\t\t\t\t\t\t<img loading=\"lazy\" decoding=\"async\" width=\"200\" height=\"200\" src=\"https:\/\/castlesquarecf.co.uk\/wp-content\/uploads\/contract-banner-200x200.jpg\" class=\"uk-border-circle\" alt=\"\" size=\"spotlight-icon\" \/><\/a>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t\t<div class=\"uk-width-medium-3-4\">\r\n\t\t\t\t\t<div class=\"uk-panel\">\r\n\t\t\t\t\t\t<h2 class=\"uk-h3 uk-margin-bottom-remove\"><a href=\"https:\/\/castlesquarecf.co.uk\/case-studies\/castle-square-advise-industrial-personnel-on-a-management-buy-out\/\" title=\"Castle Square advise Industrial Personnel on a Management Buy-Out\">Castle Square advise Industrial Personnel on a Management Buy-Out<\/a><\/h2>\r\n\t\t\t\t\t\t<div class=\"post-excerpt\">Rotherham headquartered Industrial Personnel Limited; a leading independent provider of&hellip;<\/div>\r\n\t\t\t\t\t<\/div>\r\n\t\t\t\t<\/div>\r\n\t\t\t<\/div>\r\n\t\t\t<a class=\"uk-position-cover\" href=\"https:\/\/castlesquarecf.co.uk\/case-studies\/castle-square-advise-industrial-personnel-on-a-management-buy-out\/\" title=\"Castle Square advise Industrial Personnel on a Management Buy-Out\"><\/a>\r\n\t\t<\/div>\r\n\t\r\n<\/div>\n\t<\/div><!--#w4pl-inner-780-->\n<\/div><!--#w4pl-780-->\n<!--END_W4PL_List_780-->\n\n","protected":false},"excerpt":{"rendered":"<p>A Management Buy-Out is a rare opportunity to combine responsibility for key decision-making with the rewards of business ownership. A Management Buy-Out occurs where the management team of a business acquires that business from its owner. For vendors, the Management Buy-Out can sometimes represent the most viable exit route. Our Service A Management Buy-Out is [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":61,"menu_order":0,"comment_status":"closed","ping_status":"closed","template":"","meta":{"_exactmetrics_skip_tracking":false,"_exactmetrics_sitenote_active":false,"_exactmetrics_sitenote_note":"","_exactmetrics_sitenote_category":0,"footnotes":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v22.3 - https:\/\/yoast.com\/wordpress\/plugins\/seo\/ -->\n<title>Management Buy-Outs - Castle Square<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/castlesquarecf.co.uk\/services\/management-buy-outs\/\" \/>\n<meta property=\"og:locale\" content=\"en_GB\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Management Buy-Outs - Castle Square\" \/>\n<meta property=\"og:description\" content=\"A Management Buy-Out is a rare opportunity to combine responsibility for key decision-making with the rewards of business ownership. A Management Buy-Out occurs where the management team of a business acquires that business from its owner. For vendors, the Management Buy-Out can sometimes represent the most viable exit route. Our Service A Management Buy-Out is [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/castlesquarecf.co.uk\/services\/management-buy-outs\/\" \/>\n<meta property=\"og:site_name\" content=\"Castle Square\" \/>\n<meta property=\"article:modified_time\" content=\"2020-06-19T09:00:04+00:00\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Estimated reading time\" \/>\n\t<meta name=\"twitter:data1\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/castlesquarecf.co.uk\/services\/management-buy-outs\/\",\"url\":\"https:\/\/castlesquarecf.co.uk\/services\/management-buy-outs\/\",\"name\":\"Management Buy-Outs - Castle Square\",\"isPartOf\":{\"@id\":\"https:\/\/castlesquarecf.co.uk\/#website\"},\"datePublished\":\"2016-06-16T12:04:30+00:00\",\"dateModified\":\"2020-06-19T09:00:04+00:00\",\"breadcrumb\":{\"@id\":\"https:\/\/castlesquarecf.co.uk\/services\/management-buy-outs\/#breadcrumb\"},\"inLanguage\":\"en-GB\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\/\/castlesquarecf.co.uk\/services\/management-buy-outs\/\"]}]},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\/\/castlesquarecf.co.uk\/services\/management-buy-outs\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\/\/castlesquarecf.co.uk\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Services\",\"item\":\"https:\/\/castlesquarecf.co.uk\/services\/\"},{\"@type\":\"ListItem\",\"position\":3,\"name\":\"Management Buy-Outs\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\/\/castlesquarecf.co.uk\/#website\",\"url\":\"https:\/\/castlesquarecf.co.uk\/\",\"name\":\"Castle Square\",\"description\":\"Corporate Finance\",\"publisher\":{\"@id\":\"https:\/\/castlesquarecf.co.uk\/#organization\"},\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\/\/castlesquarecf.co.uk\/?s={search_term_string}\"},\"query-input\":\"required name=search_term_string\"}],\"inLanguage\":\"en-GB\"},{\"@type\":\"Organization\",\"@id\":\"https:\/\/castlesquarecf.co.uk\/#organization\",\"name\":\"Castle Square CF\",\"url\":\"https:\/\/castlesquarecf.co.uk\/\",\"logo\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-GB\",\"@id\":\"https:\/\/castlesquarecf.co.uk\/#\/schema\/logo\/image\/\",\"url\":\"https:\/\/castlesquarecf.co.uk\/wp-content\/uploads\/CSCP-logo-final.jpg\",\"contentUrl\":\"https:\/\/castlesquarecf.co.uk\/wp-content\/uploads\/CSCP-logo-final.jpg\",\"width\":1000,\"height\":526,\"caption\":\"Castle Square CF\"},\"image\":{\"@id\":\"https:\/\/castlesquarecf.co.uk\/#\/schema\/logo\/image\/\"}}]}<\/script>\n<!-- \/ Yoast SEO plugin. -->","yoast_head_json":{"title":"Management Buy-Outs - Castle Square","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/castlesquarecf.co.uk\/services\/management-buy-outs\/","og_locale":"en_GB","og_type":"article","og_title":"Management Buy-Outs - Castle Square","og_description":"A Management Buy-Out is a rare opportunity to combine responsibility for key decision-making with the rewards of business ownership. A Management Buy-Out occurs where the management team of a business acquires that business from its owner. For vendors, the Management Buy-Out can sometimes represent the most viable exit route. Our Service A Management Buy-Out is [&hellip;]","og_url":"https:\/\/castlesquarecf.co.uk\/services\/management-buy-outs\/","og_site_name":"Castle Square","article_modified_time":"2020-06-19T09:00:04+00:00","twitter_card":"summary_large_image","twitter_misc":{"Estimated reading time":"1 minute"},"schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"WebPage","@id":"https:\/\/castlesquarecf.co.uk\/services\/management-buy-outs\/","url":"https:\/\/castlesquarecf.co.uk\/services\/management-buy-outs\/","name":"Management Buy-Outs - Castle Square","isPartOf":{"@id":"https:\/\/castlesquarecf.co.uk\/#website"},"datePublished":"2016-06-16T12:04:30+00:00","dateModified":"2020-06-19T09:00:04+00:00","breadcrumb":{"@id":"https:\/\/castlesquarecf.co.uk\/services\/management-buy-outs\/#breadcrumb"},"inLanguage":"en-GB","potentialAction":[{"@type":"ReadAction","target":["https:\/\/castlesquarecf.co.uk\/services\/management-buy-outs\/"]}]},{"@type":"BreadcrumbList","@id":"https:\/\/castlesquarecf.co.uk\/services\/management-buy-outs\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/castlesquarecf.co.uk\/"},{"@type":"ListItem","position":2,"name":"Services","item":"https:\/\/castlesquarecf.co.uk\/services\/"},{"@type":"ListItem","position":3,"name":"Management Buy-Outs"}]},{"@type":"WebSite","@id":"https:\/\/castlesquarecf.co.uk\/#website","url":"https:\/\/castlesquarecf.co.uk\/","name":"Castle Square","description":"Corporate Finance","publisher":{"@id":"https:\/\/castlesquarecf.co.uk\/#organization"},"potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/castlesquarecf.co.uk\/?s={search_term_string}"},"query-input":"required name=search_term_string"}],"inLanguage":"en-GB"},{"@type":"Organization","@id":"https:\/\/castlesquarecf.co.uk\/#organization","name":"Castle Square CF","url":"https:\/\/castlesquarecf.co.uk\/","logo":{"@type":"ImageObject","inLanguage":"en-GB","@id":"https:\/\/castlesquarecf.co.uk\/#\/schema\/logo\/image\/","url":"https:\/\/castlesquarecf.co.uk\/wp-content\/uploads\/CSCP-logo-final.jpg","contentUrl":"https:\/\/castlesquarecf.co.uk\/wp-content\/uploads\/CSCP-logo-final.jpg","width":1000,"height":526,"caption":"Castle Square CF"},"image":{"@id":"https:\/\/castlesquarecf.co.uk\/#\/schema\/logo\/image\/"}}]}},"_links":{"self":[{"href":"https:\/\/castlesquarecf.co.uk\/wp-json\/wp\/v2\/pages\/66"}],"collection":[{"href":"https:\/\/castlesquarecf.co.uk\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/castlesquarecf.co.uk\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/castlesquarecf.co.uk\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/castlesquarecf.co.uk\/wp-json\/wp\/v2\/comments?post=66"}],"version-history":[{"count":0,"href":"https:\/\/castlesquarecf.co.uk\/wp-json\/wp\/v2\/pages\/66\/revisions"}],"up":[{"embeddable":true,"href":"https:\/\/castlesquarecf.co.uk\/wp-json\/wp\/v2\/pages\/61"}],"wp:attachment":[{"href":"https:\/\/castlesquarecf.co.uk\/wp-json\/wp\/v2\/media?parent=66"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}