NEXITYDeal Type: MBO Location: France Property Type: Mixed
In 2001, together with LBO France, CDC Equity Capital and management, we acquired, from Vivendi, Nexity a diversified, Paris-based, company holding a market position in residential and commercial real estate development and real estate services, as well as owning a diverse mix of properties and operating businesses in France.
The company was bought at a substantial discount to break up value and offered the opportunity to earn substantial profits by refocusing it on the core residential and office development businesses.
We sold off a number of non core properties and activities and completed several refinancings of the company, leading to significant cash distributions, while improving operating performance.
We exited the transaction through the successful IPO of Nexity on the Paris stock exchange in 2004.
Please read carefully. By accessing this Website you agree to be bound by these terms and conditions which may be modified from time to time. Broadcliff Capital Partners LLP reserves the right to modify these terms and conditions at any time and without notice. Any changes to these terms and conditions will be posted on this Website. You are advised to review this page on a regular basis.
Information about Broadcliff
References to Broadcliff in this Website are to the group of companies comprising Broadcliff Capital Partners LLP (“BCP”) and its subsidiaries. BCP is authorised and regulated by the UK Financial Conduct Authority in the conduct of its designated investment business. It is entered in the FCA register with firm reference number 534834 – see http://www.fsa.gov.uk/register/home.do. You can contact BCP by e-mail at firstname.lastname@example.org. BCP is registered for VAT under number 996879319. Registered address: 95 Wigmore Street, London W1U 1DL. Registered in England with Registration No. OC353488.
Use of this Website
The Website is issued by BCP, regulated by the FCA, and directed in the UK only at persons to whom financial promotions can be made under the FSMA 2000 (Financial Promotion) Order 2005 such as investment professionals and high net worth entities as defined in articles 19 and 49 of the Order or to persons who can be classified as Professional Clients under FCA rules.
If you are a person located in any jurisdiction where there are restrictions on the type of person who may access information which relates to investments then, in accessing the Site, you will be representing and warranting to BCP that you are not causing BCP to breach any of those restrictions by you accessing the site. BCP will rely on your representations and warranties.
This Website may be accessed and used only in accordance with these terms and conditions and only in respect of your personal or internal business use.
The information, data and graphics (“Material”) on this Website are provided as a source of general information relating to BCP only and do not constitute legal, tax, credit, financial or other professional advice. By making this Material available to you, BCP is not advising you or making any recommendation with respect to any BCP investments and/or fund.
To the extent that the contents of this Website constitute a financial promotion, they are communicated for the purposes of section 21 of the UK Financial Services and Markets Act 2000 by BCP.
No Investment Advice or Recommendations
Nothing contained in this Website constitutes investment advice. The description in this Website of the products of BCP or any of its affiliates is provided for information only and is not intended to offer such products to any person, to advise any person to invest in any such product or to induce or attempt to induce any person to invest in any such product. No such product is offered in the United States to a "United States person" (as defined under Rule 902(k) of Regulation S under the US Securities Act of 1933) or in the United Kingdom to any person who is a citizen, resident or entity of the United Kingdom (other than a United Kingdom citizen, resident or entity whose ordinary business is to purchase and sell securities or that is otherwise eligible to receive such offer) or in any other jurisdiction where the offer or sale of any such product is unlawful. BCP is not registered in any capacity with the United States Securities and Exchange Commission. The information posted on this Website has not been recommended by any securities commission, regulatory body or government entity.
Decisions based on information contained in the Website are the sole responsibility of the visitor and, in exchange for using the Website, the visitor agrees to hold BCP harmless against any claims for damages arising from any decision that the visitor makes based on such information.
Limitations of Liability
No representation is made that the Material is up-to-date, accurate, complete or reliable. Material may not have been updated since its original publication date and may not reflect current circumstances. Accordingly, by accessing this Website you agree that you will not place any reliance upon the Material. No assurance is given as to the continued availability of this Website or its contents.
The Material and this Website are provided without any warranty of any kind and all representations, warranties, conditions and other terms express or implied by statute, common law or otherwise are excluded to the fullest extent permitted by law. BCP shall not be liable under any circumstances for any loss or damage of any kind including, without limitation, any direct, special, indirect or consequential loss or damage, in each case arising out of or in connection with the access to or use of this Website or the Material (save that this does not affect BCP's liability for death or personal injury caused by BCP's negligence, BCP's liability for fraudulent misrepresentation, or any other liability which may not be excluded or limited by law).
Where links to third party websites are provided, this is for convenience only and BCP has no control over, does not endorse and shall not be responsible for the content of such sites. Neither you nor any third party on your behalf shall link into this Website without the express written consent of BCP.
Nothing in these terms and conditions excludes or limits BCP's liability to you under the FSA’s Rules, or where this would otherwise be prohibited by law.
Intellectual Property Rights
Except as indicated in this Website, BCP or its licensors own all intellectual property rights in this Website and all Material. Your right to use the Material is strictly limited to your authorised use of this Website in accordance with these terms and conditions. The Material may not otherwise be reproduced, distributed, transmitted to any person or incorporated in any way into another document or material without BCP's prior written permission.
These Terms and Conditions are governed by the laws of England and by accessing this Website you submit to the exclusive jurisdiction of the English Courts.