Alchemy rides to Countrywide’s rescue in deal that ousts current management

Peter Long, chairman of Countrywide

The troubled estate agency group Countrywide has been handed a £90m lifeline from private equity group Alchemy Partners in a deal that removes the company’s chairman and installs a new chief executive.

The group, which owns high street agency brands such as Bairstow Eves and Fulfords, is also seeking to borrow an additional £75m loan from its existing lenders with a four-year term.

This content is only available to registered users

You must be logged in to continue

Gated access promo

Would you like to read more?

Register for free to finish this article.

Sign up now for the following benefits:

  • Four FREE articles of your choice per month
  • Breaking news, comment and analysis from industry experts as it happens
  • Choose from our portfolio of email newsletters

To access this article REGISTER NOW

Would you like print copies, app and digital replica access too? SUBSCRIBE for as little as £6 per week.

Registered users and subscribers SIGN IN here to continue