The owner of estate agent Foxtons is planning to debut it on the stock exchange, the Financial Times has reported.
BC Partners bought the property group from Jon Hunt in 2007 for around ยฃ375m. It is believed that the company hasnโt started the process of appointing a bank for the float yet.
A source told The FT: โThe business has bounced back, it would be silly of them not to consider it. Like any investors, they would happily sell it and move on.
โBut given the sensitivity of the investment, they will want it to be handled properly.โ
BC Partners was left with extensive debts in 2008 after the property market crashed. Lenders took control of Foxtons in 2010 but BC Partners bought back the stakes last year.
ENTER NOW: Karren Brady, Willie Walsh, Kelly Hoppen, Luke Johnson & Michelle Mone judge YOUR business in our LondonlovesExcellence awards
You need to read:
Bye bye billionaire basements? Kensington bans underground super-homes
Chelsea Crescent named Britainโs most expensive street with a ยฃ8.13m price tag
Leave a Comment