Caisse de dépôt partners in acquisition of France's Foncia
Swiss private equity firm Partners Group is leading a consortium to acquire Foncia, a French provider of residential property management services. The deal is valued at about 1.8 billion euros (US$2 billion), Reuters reported. The consortium includes Caisse de dépôt et placement du Québec and an affiliate of China Investment Corp. Paris-based Foncia, which operates a network of over 500 branches and manages a portfolio of more than 1.8 million properties in Europe, is being sold by Bridgepoint and Eurazeo. The latter bought the company in 2011.
5 July 2016•5 mins read
