BC Partners Wants Foxtons

BC Partners is in exclusive talks with management at Foxtons regarding a Gbp400m (US$795m) bid for the UK estate agent chain.

 

The Times, a UK daily, said that the private equity firm is now in exclusive talks with Foxtons founder Jon Hunt, who is believed to own approximately 90 percent of the business.


A source close to the deal recently confirmed that BC Partners would bid for Foxtons and that 3i, another early runner for the business, had pulled out over pricing issues.

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