Savills sells Savills Private Finance to management
Savills will continue to hold a 19.99% stake in the business, with 80.01% of the shares being held by the SPF management team.
SPF Private Clients will continue to provide a full financial services solution to Savills clients and staff.
On 31 December 2010, the SPF business had gross assets of £4.2m.
In February Countrywide was reportedly in the market for a high net worth broker and was considering buying SPF – a deal which later fell through.