TA Associates announced it agreed to acquire a 25% stake in Foncia, a major provider of residential property management services in Europe. Foncia is owned by Partners Group, which will continue to hold a majority stake in the company.

Founded in 1972 and headquartered in Paris, France, Foncia provides a range of services primarily to residential property owners and tenants, including joint property management, lease management, letting, and brokerage services. The company also offers a range of ancillary, digital, and B2B services, such as diagnostic solutions and B2B property management services.

TA is a leading global growth private equity firm focused on targeted sectors within five industries – technology, healthcare, financial services, consumer and business services – and has invested in more than 550 companies around the world. TA has raised $47.5 billion in capital since its founding in 1968.

The Willkie team was led by partners Eduardo Fernandez and Gregoire Finance and included partner Paul Lombard, counsel Hugo Nocerino, Sophie-Jeanne Laroche and Dr. Moritz Vetterman.