Bloomberg

(Bloomberg) -- Partners Group Holding AG of Switzerland is in exclusive talks to buy French real estate management business Foncia from Eurazeo SA and Bridgepoint, the sellers said in a statement on Thursday.

Foncia, which has refocused on real estate services since Eurazeo and Bridgepoint bought it from French bank BPCE SA in 2011, had revenue of 696 million euros ($793 million) in 2015. First-quarter revenue increased 8.9 percent to 83 million euros.

French daily Les Echos reported in March that Rothschild had been appointed to manage the sale, and that Eurazeo and Bridgepoint were hoping for receipts of more than 2 billion euros. The transaction would be subject to the agreement of employee representatives.

To contact the reporter on this story: David Whitehouse in Paris at dwhitehouse1@bloomberg.net. To contact the editors responsible for this story: Neil Callanan at ncallanan@bloomberg.net, Andrew Blackman, Chris Malpass

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