Sunday, Jun 22, 2008
Founder of Foxtons may be planning a rescue bid
Guardian Online: Founder of Foxtons may be planning a rescue bid
Foxtons founder Jon Hunt is thought to be considering reinvesting in the estate agency chain he sold for £390m at the height of the UK property boom last year.
Neither Hunt nor the purchaser, BC Partners, would comment, but sources speculated that the entrepreneur could be lured back at a discount to help Foxtons meet interest payments on its substantial debt. BC funded the deal with around £260m of debt and is thought to face crippling annual interest charges.
Posted by rental john @ 12:40 PM (128 views) Add Comment
1 Comment
- If you do not have an admin password leave the password field blank.
- If you would like to request a password allowing you to add comments and blog news articles without needing each one approved manually, send an e-mail to the webmaster.
- Your email address is required so we can verify that the comment is genuine. It will not be posted anywhere on the site, will be stored confidentially by us and never given out to any third party.
- Please note that any viewpoints published here as comments are user's views and not the views of HousePriceCrash.co.uk.
- Please adhere to the Guidelines
1. doomwatch said...
Hunt; rymes with ...