Hayfin today announces that it has participated in the financing to support Bridgepoint’s acquisition of French residential property management services company Nexity ADB from its parent company Nexity Group.
Nexity Group is France’s largest publicly listed real estate developer. The carve-out of the residential property management services division will provide Nexity ADB with a stronger platform to grow the business as a standalone company.
Alban Senlis, Head of Hayfin Private Credit in France, commented: “We are pleased to be partnered with Bridgepoint, who have deep expertise and an outstanding track record in the sector. This is a highly attractive investment to Hayfin given the company’s solid and resilient trading performance, as well as its potential for further growth as an independent business with the right level of funding behind it. We look forward to working with our new partners as Nexity ABD embarks on its next phase of growth.”
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