Strutt & Parker’s partners made more than £84m in profit from the £116m sale of the firm to BNP Paribas last September, according to its last set of results filed at Company’s House.
BNP paid £58m in cash on completion of the deal and the 56 full partners are now in a four year earn-out period, which could result in them netting up to £75m plus the a deferred consideration of £10m if performance targets are met.
The partners estimated that an earn-out of £60m could be achieved on current performance.
The firm also reported a turnover of nearly £45m for the full trading period between 1st May 2017 to 30th September 2017 and the period between 1 October 2017 and 31 March 2018 when no external trade occurred.
Strutt & Parker appointed Evercore in January 2016 to review the future of the 132-year-old company prior to completing the takeover deal with BNP Paribas in September.
Senior partner Andy Martin, who was set to retire, was made UK chief executive of BNP Paribas Real Estate after the merger.
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