 Jon Hunt has seen his business grow from one store |
London estate agency Foxtons has been sold to private equity firm BC Partners for an undisclosed amount, reported to be about �400m. Set up in 1981, the firm has 20 branches in London and the south-east of England and generated sales of more than �100m last year.
Foxtons and sister firm Alexander Hall, a mortgage broker also being sold, were owned by their founder Jon Hunt.
Like other agents, Foxtons has benefited from London's property boom.
Mr Hunt said Foxtons, which employs 1,300 staff, had huge potential for continued growth under new ownership.
"BC Partners share our vision and our commitment to its continued expansion," he said.
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