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Announced

Savills to acquire Parkes & Associates.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Guernsey

Acquisition

Private

commercial real estate

real estate

Real Estate Services

Pending

Majority

Friendly

Single Bidder

Synopsis

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Savills UK, a real estate management firm is set to acquire Parkes & Associates, a Guernsey-based property management firm. Financial terms were not disclosed. “Parkes & Associates is a well-established brand in the Channel Islands and we are delighted to welcome them into the business. We look forward to expanding our offer through this acquisition as well as working with our new colleagues and their clients,” Tony Rowbotham, Savills Head of Guernsey.

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