Vincent Tchenguiz's Peverel bought for £62m by private equity consortium Having bought the business for £62m and reduced its debt from £125m to £25m, Ms Entwhistle also criticised its former structure. "This business has not had the appropriate financial structure," she said. Peverel manages 200,000 properties across the UK. About 50pc of the freeholds are owned by Mr Tchenguiz or his family trust. They form part of a portfolio of freeholds that is currently being sold by Lazard. Under Mr Tchenguiz's ownership Peverel attracted a string of bad headlines as residents of the homes vented their frustrations about management levels publicly. As well as property management the company also manages retirement property sales, insurance services and a telecare and telehealth monitoring business. Administrators Zolfo Cooper sold the business to Chamonix Private Equity and Electra Partners.