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Estate agency Foxtons’ owner hires banks ahead of IPO


The owner of estate agency Foxtons has hired banks to prepare for an initial public offering on the stock market.

The FT reports BC Partners, which took Foxtons private in 2007 for £360m, has lined up Credit Suisse, Numis Securities and Canaccord Genuity to run the flotation, in a deal that could raise £400m.

Foxtons, which owns mortgage broker Alexander Hall, was forced into a debt restructuring in 2010 by lenders but BC injected a further £50m to remain its largest minority shareholder.

It is the second major flotation by a property firm this year after Countrywide’s decision to re-enter the stock market in March.



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There is one comment at the moment, we would love to hear your opinion too.

  1. I will always be in awe of the timing of Jon Hunt’s sale. This one, not so much.

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