Charles Russell Speechlys advises on the acquisition of the Douglas & Gordon property sales business
Charles Russell Speechlys has advised James Evans on the acquisition of the Douglas & Gordon (D&G) property sales business from Foxtons, for an undisclosed sum.
In March 2021, London-listed Foxtons Group acquired D&G with Charles Russell Speechlys advising the selling shareholders. Since then, D&G has continued to perform extremely well having benefited from improved market conditions. After careful consideration, the Foxtons board concluded that disposing of the sales business to D&G’s management and integrating the lettings business into the Foxtons network was the most attractive option.
Commenting on the deal, James Evans, said: “Acquiring the sales operation of Douglas & Gordon is hugely exciting and I am thrilled to have the opportunity to lead D&G as an independent brand. I’m very grateful to David, Mike, and the wider Charles Russell Speechlys team for supporting us with their hands-on legal advice and helping us navigate through the acquisition process on this significant transaction.”
Partner David Coates at Charles Russell Speechlys added: “It was a real pleasure to work with James and his senior management team on the acquisition of the Douglas & Gordon sales business. We advised when the business was originally acquired by Foxtons and look forward to seeing the D&G brand go from strength to strength under James’ leadership”.
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