Exit for founder of Richborough Estates through management buy-out backed by Beechbrook Capital
Headpoint has advised Karl Parkinson-Witte on the sale of his interest in Richborough Estates, which he founded in 2003 and was joint managing director. The business, a strategic land promoter with more than 100 sites across the country, was acquired by its management through a management buy-out (MBO).
Richborough Estates identifies and promotes land suitable for new properties with landowners, securing planning approval for the delivery of new homes and supporting infrastructure before jointly appointing a development partner.
The deal was funded by specialist fund manager, Beechbrook Capital, to support both the exit for Karl and the company’s future growth ambitions. Headpoint advised Karl through the critical stages of the sale process realising a successful exit.
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