Bridgepoint and TPG circle Servihabitat

The frontrunners are reported to have beaten rival interest from Fortress and Starwood. Morgan Stanley is running the sale process.

The company is currently owned by La Caixa and is the largest rental company in Spain by contracts. Net assets in its portfolio amounted to €7.15m in 2012, with more than 27,000 homes sold last year.

Servihabitat is valued at up to €330m, according to the Spanish press. A deal is expected by the end of October, following the completion of the financial, tax and labour due diligence processes.

TPG and Bridgepoint could not be reached for comment at this time. 

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