Ashurst takes care of Foxtons selloff

Ashurst has advised estate agent Foxtons on its £400m takeover offer from pan-European private equity firm BC Partners. Dickson Minto advised the private equity group on the deal, which has taken up six months of -negotitaions. The acquisition includes Foxtons’ mortgage broking business Alexander Hall Associates, but excludes the estate agent’s US division. The transaction is still subject to -regulatory approvals, which are expected to be granted over the next six weeks.