Strutt & Parker’s partners pocketed £84m in sale to BNP Paribas

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