Deals
Partners Group in Talks to Buy French Property Firm Foncia
- Eurazeo and Bridgepoint bought Foncia Groupe five years ago
- Owners seeking more than $2.3 billion, Les Echos said in March
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Swiss buyout firm Partners Group Holding AG is in exclusive talks to buy Foncia Groupe from Eurazeo SA and Bridgepoint Advisers Ltd., which purchased the French property-management company five years ago.
Foncia has made more than 60 acquisitions since 2011 and had revenue of 696 million euros ($793 million) last year, Eurazeo and Bridgepoint said in a statement on Thursday. The owners aimed to raise more than 2 billion euros from the sale, French newspaper Les Echos reported in March.