EQS Group-News: Partners Group / Keyword (s): Investment / Private Equity
12.10.2021 / 07:00
Baar-Zug, Switzerland; 12 October 2021
Partners Group, a global leader in private markets, is expanding the shareholder base of Foncia (or “the Company”), a leading provider of residential property management services in Europe. The incoming shareholder TA Associates has agreed to acquire a 25% stake in Foncia, while Partners Group will continue to hold a majority stake in the Company on behalf of its clients.
Founded in 1972 and based in Paris, France, Foncia offers a range of services primarily to owners and tenants of residential buildings, including condominium, rental management, rental and brokerage services. The Company also offers a range of ancillary, digital and B2B services, such as diagnostic solutions and B2B property management.
Partners Group acquired Foncia on behalf of its clients in 2016 and since then has significantly accelerated the growth of the Company and its position as market leader in France and internationally. Over the past five years, Partners Group has transformed Foncia into a more institutionalized company, accelerated M&A activity, with more than 260 acquisitions completed, and launched the company’s digital transformation through the in-house development of ‘new ERP software to make its services more efficient. . Today, Foncia employs around 12,000 people in 600 branches and manages a portfolio of 2.5 million individual housing units in France, Germany, Switzerland, Belgium and Luxembourg. The Company is expected to generate pro forma revenue of € 1.25 billion by the end of 2021. Following this recapitalization, Partners Group will continue to lead the expansion of Foncia’s platform across Europe and ‘complete its digital transformation.
Philippe Salle, Chief Executive Officer of Foncia, comments: “Foncia has grown considerably in recent years, both nationally and internationally. A key focus for us is now to finalize the digital transformation of our operating model to improve customer service, cross-selling The experience of entrepreneurial governance and the creation of Partners Group platforms has been crucial for our sustainable growth and we are delighted to continue working with them, while welcoming our new growth-oriented partner TA Associates to the board. “
Kim Nguyen, Partner, Co-Head Private Equity Services, Partners Group, says: “When we invested in Foncia, our vision was to transform the company into a technological forerunner in property management services. In just five years, we have grown Foncia has become the leader in Europe thanks to an acquisition strategy, and has invested heavily in its technological capacities to build a company that becomes the benchmark in terms of quality of service and efficiency. future of Foncia and, as such, are convinced that the Company has an irresistible potential for growth and value creation. With this re-subscription, we are impatient to support Foncia in its next stage of development.
Patrick Sader, Managing Director, Co-Head EMEA Services Group, TA Associates, said: “We believe that Foncia is ideally positioned to consolidate the large and highly fragmented European residential real estate services market. We have been following the company for many years and really impressed with the work accomplished by Philippe Salle and his team. The combination of its quality revenue model and its cutting-edge technology should allow Foncia to provide superior customer service while enjoying sustained growth. We are delighted to join Partners Group in this adventure and to support Foncia in its next phase of transformation. “
About the Partner Group
Partners Group is a world leader in private markets. Since 1996, the company has invested more than $ 150 billion in private equity, private real estate, private debt and private infrastructure on behalf of its clients around the world. Partners Group seeks to generate strong returns by capitalizing on thematic growth trends and transforming attractive companies and assets into market leaders. The company is a committed and responsible investor and aims to create sustainable returns with a positive and lasting impact for all of its stakeholders. With $ 119 billion in assets under management as of June 30, 2021, Partners Group offers an innovative range of tailor-made client solutions to institutional investors, sovereign wealth funds, family offices and individuals around the world. The firm employs over 1,500 diverse professionals in 20 offices around the world and has regional headquarters in Baar-Zug, Switzerland; Denver, United States; and Singapore. It has been listed on the SIX Swiss Exchange since 2006 (symbol: PGHN). For more information, please visit www.partnersgroup.com or follow us on LinkedIn Where Twitter.
About TA Associates
TA is a leading global growth private equity firm. Focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – the company invests in profitable and growing businesses offering opportunities for sustained growth, and has invested in more than 550 companies around the world. Investing as a majority or minority investor, TA takes a long-term approach, using its strategic resources to help management teams create lasting value in high quality growth companies. TA has raised $ 47.5 billion in capital since its inception in 1968. The company’s more than 100 investment professionals are based in Boston, Menlo Park, London, Mumbai and Hong Kong. You can find more information on TA at www.ta.com.
Partners Press relations Contact group
Telephone: +44 207 575 2593
E-mail: [email protected]
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