Nexity

NEXITY

Deal 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.


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