Bridgepoint to acquire the RPMS business of Nexity in a €440m deal.

Bridgepoint, a private equity firm, agreed to acquire the residential property management services business of Nexity, a comprehensive real estate operator, in a €440m deal. “I am proud of Nexity’s capacity to once again deliver on its commitments, by swiftly entering into this first strategic and financial partnership, enabling us to implement our roadmap, refocused on accelerating toward urban regeneration and managed real estate. As we wished, this first agreement should enable the Residential Property Management Services business to continue their development, while securing and boosting existing synergies with Nexity’s businesses," Veronique Bedague, Nexity Chairwoman and CEO.