A Northeast business woman has completed the management buyout (MBO) of the real estate division of luxury concierge firm Quintessentially.
Penny Mosgrove has been the Managing Director of Quintessentially Estates for seven years.
The company buys, sells, rents and manages luxury real estate in areas such as London, Monaco, New York and Los Angeles. It has closed record-breaking deals including an apartment in London for £ 56million.
The acquisition was led by Williams Ali Corporate Finance and Square One Law.
Phil Williams, Partner at Williams Ali, said: “We are delighted to be working with Penny and Quintessentially to complete a successful transaction. This deal supports the group in their ongoing strategy and creates an exciting platform for the Estates business to to grow and prosper in all areas. ” his worldwide network. “
Mosgrove added, “This is a natural evolution for our business that allows Quintessentially Estates to focus on delivering a great experience to our customers from all of our offices around the world while being part of the Quintessentially” family ” Staying is an excellent business for everyone involved and the support of excellent advisors was essential. “
The transaction was also supported by North East’s auditors DMC North along with Newshams Tax Advisors.