Article: Downturn hits home as estate agency considers cash shake-up.(News)

ESTATE agent Foxtons and its private equity owner are embarking on a review of the business as the credit crunch squeezes the property market, it was reported last night.

The top London estate agency - sold to BC Partners for pounds 390m, in May, 2007 - is set to appoint investment bank NM Rothschild to examine the financing of the firm, a report said.

Foxtons - known for the distinctive Minis used by its staff across the capital - was set up by Jon Hunt in 1981 from a single site in Notting Hill. Mr Hunt netted a pounds 360m fortune from last year's sale, but the new owners have been left with a mountain of debt used to pay for the deal.

BC Partners is said to be ...

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