France unquote" May 2011
Bridgepoint and Eurazeo have acquired French residential property management services group Foncia from BPCE bank for €1.02bn, in what is France’s largest buyout of 2011 so far.
]Bridgepoint and Eurazeo paid €240m equity each for a joint controlling stakes in the company. As part of the deal, BPCE will reinvest €200m in Foncia. The acquisition was supported by a €395m debt package provided by Credit Agricole, Goldman Sachs and Natixis. A €90m capex and working capital facility has also been made available.
In the May 2011 issue of France unquote":
* AFIC annual conference
* Banks offering free placement
* And more...
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