Monday, Feb 26, 2007
3i joins the chase as Foxtons sports a £400m tag
Times on-line: 3i joins the chase as Foxtons sports a £400m tag
3i Group, the quoted private equity house, is hoping to buy Foxtons, London’s largest estate agent, in what could be a £400 million sale, The Times has learnt.
The UK private equity group is among suitors set to submit first round bids for Foxtons by the close of business today.
Foxtons hired investment bankers at Credit Suisse last November to explore a possible stock market flotation of the company, which is owned and run by Jon Hunt, its founder.
Posted by ukuser1 @ 01:28 AM (169 views) Add Comment
4 Comments
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1. Dohousescrashinthewoods said...
(Apologies if this offends/confuses anyone)
Given Foxtons particular style, I think Jon Hunt's real name must be Micahel..
(sorry.. ;) )
On a more sane note, is this a dot-com valuation?
2. denzil said...
>>400 million valuation.
That a lot for a bunch of minis driven by cheap suits.
3. enuii said...
Obviously 3i have nothing better to spend their money on as it looks like they are running out of get rich quick schemes. The clever one here must be Mr Hunt, is he getting out while the going is good like many other estate agents did before the last crash when they flogged their businesses to banks/building societies.
4. bryan said...
Dohousescrashinthewoods
You are wrong
His first name isn't Micahel it's Issac