View more on these topics

BC Partners buys back majority stake in Foxtons

Private equity firm BC Partners has bought back a majority stake in Foxtons after ceding control of the estate agency in 2010.

According to a report in the Telegraph, the deal completed for between £55m and £75m.

BC originally purchased a controlling stake in Foxtons for £300m in 2007 but ceded control after creditors reorganised the real estate company’s debt. But the acquisition left BC nursing a large debt when the property market crashed in 2008.

The report states the transaction will result in a “paper profit” for Bank of America Corporation and Mizuho Financial Group, who exchanged £280m of debt for a 52 per cent stake during Foxtons’ restructuring.

Foxtons in the sister company of Alexander Hall, the mortgage brokerage.


News and expert analysis straight to your inbox

Sign up


    Leave a comment


    Why register with Money Marketing ?

    Providing trusted insight for professional advisers.  Since 1985 Money Marketing has helped promote and analyse the financial adviser community in the UK and continues to be the trusted industry brand for independent insight and advice.

    News & analysis delivered directly to your inbox
    Register today to receive our range of news alerts including daily and weekly briefings

    Money Marketing Events
    Be the first to hear about our industry leading conferences, awards, roundtables and more.

    Research and insight
    Take part in and see the results of Money Marketing's flagship investigations into industry trends.

    Have your say
    Only registered users can post comments. As the voice of the adviser community, our content generates robust debate. Sign up today and make your voice heard.

    Register now

    Having problems?

    Contact us on +44 (0)20 7292 3712

    Lines are open Monday to Friday 9:00am -5.00pm