Announced
Completed
Financials
Tags
Friendly
Private Equity
Majority
Single Bidder
Acquisition
Cross Border
Real Estate Holding and Development
diversified property
United Kingdom
Public
Completed
Synopsis
Connells Group, a privately owned real estate firm, completed the acquisition of Countrywide, a UK-based real estate agent, from Apollo Global for £223m ($309m). “Countrywide shareholders have repeatedly been promised jam tomorrow and it has never been delivered. There is no quick and easy fix for Countrywide. Turning the business around, especially in unpredictable market conditions, will be a difficult, expensive and lengthy process," David Livesey, Connells Group Chief Executive.
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