M&A Deal Summary

Bridgepoint Acquires Nexity - Residential Property Management Services Business

On April 3, 2024, private equity firm Bridgepoint acquired real estate company Nexity - Residential Property Management Services Business from Nexity

Acquisition Highlights
  • This is Bridgepoint’s 5th transaction in the Real Estate sector.
  • This is Bridgepoint’s 41st transaction in France.

M&A Deal Summary

Date 2024-04-03
Target Nexity - Residential Property Management Services Business
Sector Real Estate
Buyer(s) Bridgepoint
Sellers(s) Nexity
Deal Type Divestiture

Target

Nexity - Residential Property Management Services Business

France
Nexity's Residential Property Management Services Business provides Residential Property Management Services in France.

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Buyer(S) 1

Buyer

Bridgepoint

London, United Kingdom

Investor Investor Investor Investor


Category Private Equity Firm
Founded 1984
PE ASSETS 75.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION

Bridgepoint is a large European private equity firm that invests in middle-market companies across a broad range of industries with an enterprise value of €200 - €1000 million. Prospective transaction situations include buyouts, buy-ins, growth financings, consolidations, and take privates. The firms invest in the range of €75 - €400 million transaction. Bridgepoint Development Capital specializes in investments in businesses valued up to a €150 million, taking equity stakes of between €10 million and €75 million. General sectors of interest include consumer products and services, retail, financial services, healthcare, media, technology, industrials, and business services. Bridgepoint was formed in 1984 and has offices in London, Frankfurt, Luxembourg, Madrid, Milan, Paris, Stockholm and Warsaw.


DEAL STATS #
Overall 177 of 186
Sector (Real Estate) 5 of 5
Type (Divestiture) 21 of 21
Country (France) 41 of 43
Year (2024) 5 of 12
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2024-04-03 Evoriel

Paris, France

Evoriel is a provider of property management services in France. Evoriel offers a unique blend of complementary services through brands: Lamy, Oralia, Richardiere, Terranae and Belier Assurances. Evoriel is based in Paris, France.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-05-28 LumApps

Tassin-la-Demi-Lune, France

LumApps is an employee experience platform to unify the modern workforce through better communication, engagement, and instant access to information. Integrated with Google Workspace and Microsoft 365, LumApps intelligently connects people, information, and business applications to empower employees and enhance productivity. LumApps was founded in 2015 and is based in Tassin-la-Demi-Lune, France.

Buy -

Seller(S) 1

SELLER

Nexity

Paris, France

Category Company
Founded 1995
Sector Real Estate
Employees8,185
Revenue 4.0B EUR (2023)
DESCRIPTION

Nexity focuses on real estate development and the provision of related services. Nexity was founded in 1995 and is based in Paris, France.


DEAL STATS #
Overall 1 of 1
Sector (Real Estate) 1 of 1
Type (Divestiture) 1 of 1
Country (France) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2022-06-23 Angelotti

Beziers, France

Angelotti is a specialist in urban planning including the sale of building plots, and the development of new districts. The group has established itself as a leading player in the markets of Montpellier, Beziers, Nimes, and Perpignan, regions with significant demographic dynamism (among the highest population growth rates in France between 2013 and 2019). Its development continues today in the West towards Toulouse and in the East in the PACA (Provence-Alpes-Côte d’Azur) region. Angelotti was formed in 1981 and is based in Beziers, France.

Buy -