Nexity has plans to sell 100 percent of its Residential Property Management Services (RPMS) business to Bridgepoint, a European leader in alternative asset management, based on an enterprise value of €440 million ($482 million).
The proceeds from this transaction would be used to reduce the firm’s debt level. The capital gains generated by this transaction would help Nexity adapt more quickly to new market conditions and partly offset the cyclical low expected in 2024.
