Ludlow Thompson Acquired by Foxtons
Foxtons Group plc, London's largest lettings agent, has announced the successful acquisition of Ludlow Thompson Holdings Limited for £10 million.
Ludlow Thompson, a high-quality, lettings-focused estate agent with a history spanning three decades, operates across seven branches in London, generating over 70% of its total revenue from lettings.
TandonHildebrand, a boutique UK corporate and commercial law firm specialising in delivering corporate, business and employment advice in the UK and internationally, acted for the sellers of Ludlow Thompson in the transaction.
TandonHildebrand, renowned for its expertise and unique approach in facilitating complex corporate transactions, played a central role in navigating this acquisition together with Deloitte LLP. The firm's strategic legal advice and expertise were instrumental in bringing this deal to fruition. Co-founder Richard Hildebrand comments:
"We are delighted to have been able to assist the founders of Ludlow Thompson in the sale of their business. With thanks to Foxtons and all the other advisers for their pragmatic approach, we wish David and Stephen much future success."
Stephen Ludlow and David Thompson, Ludlow Thompson Co-founders, stated: "Having founded the business 30 years ago, taking the decision to sell the business was a major milestone for us. TandonHildebrand's support was invaluable and made this transition seamless. We look forward to seeing the new and exciting opportunities that ownership under Foxtons will bring."
TandonHildebrand's role in this transaction signifies its commitment to facilitating significant deals in the corporate and commercial landscape and is the eighth corporate transaction closed this calendar year.