Foster + Partners sells “significant” shares to Canadian private equity firm
Foster + Partners, the largest architecture firm based in the United Kingdom, has announced a new partnership with a Canadian private equity firm. The Canadian firm, named Hennick & Company, has now become the largest shareholder of Foster + Partners, followed by Norman Foster and his family. The financial sum paid for the shares, and the size of the stakes, remains undisclosed according to the UK outlet Building Design, who first reported the story. Going forward, the practice’s existing partners will remain as long-term shareholders, retaining the balance of the equity between the Foster family and Hennick. Norman Foster will continue to serve in his current role as Executive Chairman, while all present partners will remain in their roles. The firm’s existing leadership team will also retain day-to-day operational responsibility. Related on Archinect: Foster + Partners reveals master plan La Fabrica, its first-ever project in ChileThe partnership received unanimous support fro...
Foster + Partners, the largest architecture firm based in the United Kingdom, has announced a new partnership with a Canadian private equity firm. The Canadian firm, named Hennick & Company, has now become the largest shareholder of Foster + Partners, followed by Norman Foster and his family.
The financial sum paid for the shares, and the size of the stakes, remains undisclosed according to the UK outlet Building Design, who first reported the story. Going forward, the practice’s existing partners will remain as long-term shareholders, retaining the balance of the equity between the Foster family and Hennick. Norman Foster will continue to serve in his current role as Executive Chairman, while all present partners will remain in their roles. The firm’s existing leadership team will also retain day-to-day operational responsibility.
The partnership received unanimous support fro...
