John Charcol signs deal with Coldwell Banker
Palatine Private Equity portfolio company John Charcol has announced an exclusive agreement with Coldwell Banker, one of the world’s oldest and largest residential real estate brands. Under the terms of the deal John Charcol will act as the preferred supplier of mortgage advice to clients of the recently launched UK arm of Coldwell Banker.
As the mortgage broker of choice for Coldwell Banker clients, John Charcol will offer mortgage advice to its high net worth (HNW) clients seeking to purchase residential property in the UK, many of whom often have complex circumstances. Peter Tsouroulla, a specialist HNW adviser at John Charcol, will lead the team handling referred cases, which is anticipated to increase significantly as Coldwell Banker grows its UK footprint through its franchise network.
The deal with John Charcol follows an announcement in September 2015 by Coldwell Banker Real Estate about the launch of its new master franchise agreement for the UK. This will see Coldwell Banker Great Britain, led by Managing Director Vic Pegna, initially grow the Coldwell Banker business in London with plans to expand into 50 branches across the rest of England, Wales and Scotland.
Simon Knight, CEO of John Charcol said: “This is a brilliant deal for John Charcol and a perfect fit with a client base which closely matches our own profile and expertise for servicing HNW clients. This is the first in a series of exciting announcements about our plans to significantly grow the John Charcol business over the coming years.”
Vic Pegna, Managing Director Coldwell Banker Great Britain said: “In John Charcol we have secured the ideal partner to support our expansion plans in the UK. It a great brand with a reputation for delivering high quality advice and first class customer service which is exactly what our clients demand.”
Palatine backed the management buyout of John Charcol in March 2015.