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Buzzacott advises Foxtons Plc on its acquisition of Atkinson McLeod

Corporate Finance deal announcement: Buzzacott provided financial due diligence and transaction advisory services to Foxtons in relation to their acquisition of Atkinson McLeod

Investor: Foxtons Group Plc

Seller: Atkinson McLeod

Type of deal: Acquisition

Sector: Real Estate 

Date: March 2023

Overview of deal

Foxtons has acquired Atkinson McLeod Limited representing further progress in their strategy of acquiring lettings businesses that deliver an attractive return on invested capital. We are pleased to have provided financial due diligence services along with transaction advisory to help ensure the transaction got over the line smoothly.

Who are the firms involved

Foxtons is London’s most prominent lettings agent with a portfolio now standing at more than 27,500 tenancies. 

Atkinson McLeod is a high-quality estate agent with a strong lettings business that generates 90% of its revenues (across c.1,100 tenancies). The company is London based, operating out of 4 offices (City, Canary Wharf, Kennington and Hackney)

What we liked about this deal and how we helped

Having previously assisted Foxtons with its acquisition of Douglas & Gordon in 2021 and both Stones Residential and Gordon & Co in 2022 it was a pleasure to work again with Chris Hough (CFO, Foxtons) and Andy Bushell (Director, Foxtons) in what was a very constructive process. Our team worked collaboratively with both buyer and seller to ensure a positive result was achieved, clearly explaining the steps and outlining the financial implications of the deal. We look forward to witnessing the continued growth and success of the company under its new ownership.

The Buzzacott financial engagement team included Alex Judd (Head of Transaction Services) and George Thresh (Senior Manager). 

To see further transactions in the real estate sector, please see our transactions page.

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If you would like to receive notifications of our future deals, or insights from our team on raising finance or selling a business, complete the form below to sign up to our mailing list. You can also leave us a question regarding our services in the text box, and one of our team members will be in touch.

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