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BC Partners rewarded by Foxton turnaround

Foxtons posts record profits in a boon to the private equity firm – which repurchased a majority stake in the UK estate agent after losing control two years ago

Foxtons, the UK estate agent backed by private equity firm BC Partners which in March re-bought a majority share in the business after losing control two years ago, has reported its highest operating profit in its history.

According to filings at Companies House for the period ending December 31, 2011, Foxtons Limited saw its operating profit before exceptional items grow to £32.5m, a 15% improvement on the same period in 2010 - when it posted profits before exceptional items of £28.5 million - and the highest results in its 30-year history.

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