Monday, January 11, 2010
More bad news for Foxtons, the ill fated estate agents.
After a protracted legal case over their tenancy renewal charges its owners,
BC Partners has announced that it has lost £100m following the purchase of the chain in 2007 from its founder Jon Hunt for £360 million.
It has been forced to put in new cash to retain a stake in the estate agency business following a rescue deal after it had written off its original investment.
Read the full article in the Telegraph
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