TA Associates to acquire a 25% stake in Foncia from Partners Group.

TA Associates, a private equity firm, agreed to acquire a 25% stake in Foncia, a provider of residential property management services in Europe, from Partners Group, a global private markets firm. Financial terms were not disclosed. "Foncia has grown significantly in recent years, both at home and internationally. A key focus for us now is to finalize the digital transformation of our operating model to improve customer service, cross-selling, and organic growth, while laying the groundwork for further expansion. Partners Group's entrepreneurial governance and platform-building experience has been crucial to our sustainable growth and we are delighted to continue working with them, whilst welcoming our growth-focused new partner TA Associates on board," Philippe Salle, Foncia CEO.