Dexters is not for sale, confirms CEO Jeff Doble as he quashes rumours

first_imgHome » News » Agencies & People » Dexters is not for sale, confirms CEO Jeff Doble as he quashes rumours previous nextAgencies & PeopleDexters is not for sale, confirms CEO Jeff Doble as he quashes rumoursCompany’s founder says current speculation is a repeat of similar rumours last year and are not true.Nigel Lewis19th February 202102,470 Views The CEO of Dexters has told The Negotiator that rumours flying around yesterday afternoon that the company is due to be sold to a private equity fund for £130 million are untrue.This followed suggestions online and among senior players within the industry that an offer is in the offing, but Doble says this is an old rumour that is being recycled. Instead this morning it has revealed a £130 million co-investment deal with City firm Oakfield Capital.The industry has been gripped by takeover speculation since the New Year as rumoured and then actual deals followed including Connells Group’s purchase of Countrywide and TPFG’s acquisition of Hunters.But further claims of more takeovers are also swirling including that Foxtons or its former owner BC partners is on the verge of acquiring another major London estate agency.FoxtonsFoxtons has been on acquisition trail for the past year now, busy snapping up several London lettings agencies and/or their portfolios.Doble says the rumours about his own company are also inaccurate on another level, pointing out that Dexters is worth more than £130 million being quoted as its sale price.He is also proud of his company’s internal culture as he reveals during a soon-to-be published interview in the The Negotiator magazine.But culture is something that rarely stays intact when companies are bought by City funds as they push for warp-speed growth and profits.The business was established by Doble in 1993 and, through a raft of 20+ acquisitions, they were all eventually been brought under the Dexters brand umbrella in 2016.Jeff Doble Dexters Foxtons February 19, 2021Nigel LewisWhat’s your opinion? Cancel replyYou must be logged in to post a comment.Please note: This is a site for professional discussion. Comments will carry your full name and company.This site uses Akismet to reduce spam. Learn how your comment data is processed.Related articles BREAKING: Evictions paperwork must now include ‘breathing space’ scheme details30th April 2021 City dwellers most satisfied with where they live30th April 2021 Hong Kong remains most expensive city to rent with London in 4th place30th April 2021last_img read more