On March 16, 2022, Converium Capital announced that it is stepping up pressure on Foxtons Group Plc to sell itself in order to unlock value for shareholders. In a letter sent to the Company's chairman Nigel Rich, Converium Capital criticised the Company, claiming that it had failed to benefit from the recovery of the UK real estate market and is still underperforming. Converium Capital stated that a potential sale of the Company would result in a significant premium over today's share price and value the Company at about 100 pence per share.