guǎn​lǐ​céng​shōu​gòu

management buyout

  1. to manage; management
    To manage, supervise, or administer (a business, organization, task, etc.), or to look after and maintain (equipment, files, etc.); management or administration
  2. level
    A stage, grade, or tier within a hierarchy, organization, or abstract structure
  3. acquisition
    an instance of buying or acquiring something, such as a company acquisition