Acquisition of Foncia

Natixis Partners advised Partners Group for the acquisition – together with Caisse de Dépôt et Placement du Québec and China Capital Corporation – of Foncia, European leader in residential real estate and property management services, from Eurazeo and Bridgepoint which acquired the company in 2011. The transaction, which covered the entire Foncia group, was concluded on the basis of an enterprise value of € 1,833 million. Since their investment in July 2011, Eurazeo and Bridgepoint have supported and accelerated Foncia's transformation. The Group is the benchmark for real estate services in terms of quality of service, customer satisfaction and innovation. Foncia has implemented in recent years a dynamic strategy based on: - external growth, - the conquest of new customers, - the development of new services. The Group has invested heavily in the digitization of its customer relationship and its management processes. Moreover, its active policy of external growth - about sixty acquisitions in France and internationally - enabled it to strengthen its activity in France, to obtain leadership positions in Switzerland and Belgium (number 2 and number 1) and to enrich its services to individual investors (Primaliance and Iplus) and institutional investors (Icade Property Management). Since 2011, Foncia's sales have increased by 4.4% per year on average and its EBITDA, growing by 11.3% per year on average, has been multiplied by more than 1.5, from 86 Million proforma in 2011 to € 132 million at the end of December 2015.