Types Of Bankruptcy

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May 21st, 2007

Sale nets Foxtons founder 370m

The founder of London’s largest estate agency firm Foxtons has sold the business to a private equity firm in a deal believed to have netted him a windfall of around 370 million.

Jon Hunt, who is thought to own 97% of the business, agreed a deal with BC Partners, reported to be worth up to 400 million. The two companies did not provide any financial details.

Foxtons, made famous for its fleet of colourful minis, was founded 26 years ago from a single office in Notting Hill and now trades from a total of 19 offices in the capital and one in Guildford, Surrey. It also owns Alexander Hall, a mortgage broking business. Read more



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