Why does succession in medium-sized companies often fail?

True entre­pre­neu­rial perso­na­li­ties are rare. What alter­na­ti­ves are there for busi­ness succes­sion and who is suita­ble for it in the first place? Accor­ding to the latest KfW study on this topic, around 5000 candi­da­tes are being sought. When is a succes­sor quali­fied? How a manage­ment buy-in (MBI) can work and what problems arise when a company is handed over.