Foncia

The consortium formed by Bridgepoint and Eurazeo has completed the acquisition of Foncia for a €1,017mlion consideration.

Headquartered in Antony near Paris, Foncia generated revenues of €580m in 2010 and employs 7,000 people in more than 600 branches located throughout France, Switzerland, Germany and Belgium.

Foncia offers real estate services to its customers: property management (c. 30,000 buildings under management), lease management (management over 250,000 dwellings), renting (responsible for over 60,000 properties), sales (c. 10,000 properties sold in 2008), insurance, technical diagnoses.

Canaccord Genuity acted as the financial advisor to Foncia and its management in order to assist them on the strategy and tactics during the transaction as well as to structure their investment alongside the buyer.