StockMarketWire.com - Princess Private Equity's investment manager Partners Group said it was expanding the shareholder base of Foncia, a European residential property management group.

Incoming shareholder TA Associates, a private equity firm, had agreed to acquire a 25% stake in Foncia.

Partners Group would continue to hold a majority stake in the company on behalf of its clients.

The transaction valued Princess' stake in Foncia at about €48.9 million.

Princess would retain an exposure of about €48.0 million following closing of the transaction, compared to a carrying value of €52.4 million at 31 August.


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