short-right-arrow logoMobile media-pie 1 7 % share download email linkedin round-download

Privacy Preference Centre

Your Privacy

When you visit any website, it may store or retrieve information on your browser, mostly in the form of cookies. This information might be about you, your preferences or your device and is mostly used to make the site work as you expect it to. We use two types of cookies on our website: cookies which are necessary for this website to function and analytics cookies. Because we respect your right to privacy, you can choose not to allow some types of cookies. Click on the different category headings to find out more and change our default settings. However, blocking some types of cookies may impact your experience of the site and the services we are able to offer.

Strictly Necessary Cookies

These cookies are necessary for the website to function and cannot be switched off in our systems. They are usually only set in response to actions made by you which amount to a request for services, such as setting your privacy preferences, logging in or filling in forms. You can set your browser to block or alert you about these cookies, but some parts of the site will not then work. These cookies do not store any personally identifiable information.

Cookies used

  • CookieNotice
  • CookieAnalytics

Analytics Cookies

These are Google Analytics cookies which allow us to count visits and traffic sources so we can measure and improve the performance of our site. They help us to know which pages are the most and least popular and see how visitors move around the site and social media platforms All information these cookies collect is aggregated and therefore anonymous. This cookie is defaulted to ‘Active’, which means we will be able to track, on any anonymous basis, how many visitors we have to our site, and monitor its performance. If you wish to turn them off you can do so by unticking ‘Active’ and clicking ‘Save and Accept Cookies’. For more information on how these cookies work, including a link through to the Google Privacy Policy which sets out further information about data which Google may collect in the course of providing us with Analytics.

Cookies used

  • _ga

Targeting Cookies

We use necessary cookies to make our site work. We also use analytics cookies which collect information about how visitors use our website and help us to improve it; these are defaulted to ‘Active’, if you wish to turn them off you can do so through the Cookie Settings. Please be aware that by blocking some types of cookies it may impact your experience of the site and the services we are able to offer. For more information about any of these cookies and our use of them, or to change your settings at any time, please see Cookie Settings and our Cookies Policy.

Bridgepoint in the News

05 July 2016

Bridgepoint Exits Foncia

Bridgepoint and Eurazeo, shareholders of the Foncia group, the European leader in residential real estate and property management services since July 2011, have announced its sale to Partners Group.

The deal, involving the sale of the entire Foncia group, was concluded for an enterprise value of €1,833 million and should be completed by no later than September 2016 subject to the approval of the competition authority.

Since their investment in July 2011, Bridgepoint and Eurazeo have supported and accelerated the transformation of Foncia. The group has established itself as the reference in real estate services in terms of service quality, client satisfaction and innovation.

In recent years, Foncia has rolled out a vigorous strategy based on:

- external growth,

- new client wins,

- and the development of new services.

The group has invested heavily in digitally transforming its client relationship and management processes. In addition, its active external growth policy - some sixty acquisitions in France and internationally - enabled it to strengthen its business in France, build leading positions in Switzerland and Belgium (number 2 and number 1, respectively) and enhance its service offering for retail (Primalliance and Iplus) and institutional (Icade Property Management) investors.

Since 2011, Foncia's average annual revenue has grown by 4.4% and average annual EBITDA, by 11.3%, up 53% from pro forma €86 million in 2011 to €132 million at the end of December 2015. These figures underline its strong performance despite the negative impact of the ALUR law in France and a slowing real estate cycle during the period.

Over the period, Bridgepoint and Eurazeo achieved a multiple of 2.4x on their investment. The net disposal gain for the two investors amounts to around €1,134 million, after tax, transaction costs and the acquisition debt repayment.

Frédéric Pescatori, Partner, responsible for Bridgepoint's Investment Activity in France, commented:

"We are proud, with Eurazeo, to have encouraged the transformation of a French group into the European leader in real estate services. Its success had been led by François Davy, CEO of Foncia, and his team. In addition to improving its service quality and sales offering, Foncia has expanded its client portfolio and developed new services, particularly in the digital sector. We are confident that Foncia, alongside its new shareholder Partners Group, hold out the potential to take advantage of the numerous opportunities available to it."

Marc Frappier, Managing Director of Eurazeo Capital, stated:

"We are extremely proud of the fact that Foncia has undergone a profound transformation in five years. With our support and that of Bridgepoint, François Davy and his teams have strengthened Foncia's leadership. Based on its vigorous growth and innovation strategy, Foncia has become a veritable market pioneer, capable of developing innovative offerings to better serve client needs. We are passing on a solid and modernized company with an excellent growth outlook to Partners Group."

François Davy, CEO of Foncia, added:

"Over these five years, Foncia has expanded and transformed significantly. The strategy defined jointly with Eurazeo and Bridgepoint enabled us to enhance our performance in a difficult regulatory context and step up our external growth policy. These development efforts have been recognized by Partners Group with whom we are going to pursue our strategy based on growth and transformation."


Contact us

If you are interested in working for Bridgepoint, please complete the form below.


Investor reports registration

To access investor reports through the web based reporting facility, please fill in the form to register for an account.

The information submitted on this form will be used for the sole purpose of registering you as an account user and will not be shared with third parties.


Request a copy of The Point

Mandatory fields are marked as (required*)