12th Oct 2021 14:33
Princess Private Equity Holding Ltd - Guernsey-domiciled investment holding company aiming for long-term capital growth and dividend income - Investment manager Partners Group sells 25% stake in Foncia Groupe SAS, a Paris-based provider of residential property management services, to Boston-based private equity firm TA Associates Management LP. Partners Group will continue to hold a majority stake in Foncia on behalf of clients such as Princess Private Equity. The deal values Princess's stake in Foncia at EUR48.9 million, below its carrying value of EUR52.4 million as of August 31. Founded in 1972, Foncia manages 2.5 million residential units across France, Germany, Switzerland, Belgium and Luxembourg.
Current stock price: 1,174.00 pence, up 1.2% on Tuesday
Year-to-date change: up 14%
By Tom Waite; [email protected]
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