TA Associates’s Acquisition of a 25% Stake in Foncia

Latham & Watkins and Willkie Farr & Gallagher advised on the deal. Jeausserand Audouard advised the management of Foncia.

TA Associates agreed to acquire a 25% stake in Foncia, a major provider of residential property management services in Europe. Foncia is owned by Partners Group, which will continue to hold a majority stake in the company.

Founded in 1972 and headquartered in Paris, France, Foncia provides a range of services primarily to residential property owners and tenants, including joint property management, lease management, letting, and brokerage services. The company also offers a range of ancillary, digital, and B2B services, such as diagnostic solutions and B2B property management services.

TA is a leading global growth private equity firm focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – and has invested in more than 550 companies around the world. TA has raised $47.5 billion in capital since its founding in 1968.

Latham & Watkins advised Partners Group with a team led by Olivier du Mottay (Picture), assisted by Louise Gurly, François Blanchet, Morgane Chaloin, Michel Houdayer, and Olivier Stefanelli.

The Latham & Watkins team advising TA Associates included Gaëtan Gianasso, Paul Dolman. Mathilde Saltiel, and Xavier Renard.

The Willkie team advising TA Associates was led by partners Eduardo Fernandez and Gregoire Finance and included partner Paul Lombard, counsel Hugo Nocerino, Sophie-Jeanne Laroche and Dr. Moritz Vetterman.

The Jeausserand Audouard team included Alexandre Dejardin, Faustine Paoluzzo, Martin Brunet, Antoine Le Roux (Corporate)
Pascal Gour, Erwann del Do, Ronan Lajoux (Tax).

Involved fees earner: Martin Brunet – Jeausserand Audouard; Alexandre Dejardin – Jeausserand Audouard; Erwann Del Do – Jeausserand Audouard; Pascal Gour – Jeausserand Audouard; Ronan Lajoux – Jeausserand Audouard; Antoine Le Roux – Jeausserand Audouard; Faustine Paoluzzo – Jeausserand Audouard; François Blanchet – Latham & Watkins; Morgane Chaloin – Latham & Watkins; Paul Dolman – Latham & Watkins; Olivier du Mottay – Latham & Watkins; Gaëtan Gianasso – Latham & Watkins; Louise Gurly – Latham & Watkins; Michel Houdayer – Latham & Watkins; Xavier Renard – Latham & Watkins; Mathilde Saltiel – Latham & Watkins; Olivier Stefanelli – Latham & Watkins; Eduardo Fernandez – Willkie Farr & Gallagher; Grégoire Finance – Willkie Farr & Gallagher;

Law Firms: Jeausserand Audouard; Latham & Watkins; Willkie Farr & Gallagher;

Clients: Foncia; Partners Group; TA Associates;

Naoual Sadouqi

Author: Naoual Sadouqi