Sunday, June 22, 2008

Founder of Foxtons may be planning a rescue bid

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 (429 views)
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One thought on “Founder of Foxtons may be planning a rescue bid

  • Hunt; rymes with …

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