Le mie ricette per la real estate communityAPCOA Parking Holdings (“APCOA”) and Strategic Value Partners, LLC and its affiliates (together, “SVP”), a global alternative investment firm with over $18 billion of assets under management, today announced that SVP-managed funds have entered into an agreement to acquire 100% of APCOA, Europe’s leading parking infrastructure operator. The transaction is expected to close in the next three months, subject to receipt of required regulatory approvals as well as other customary closing conditions.
APCOA provides car park management services across Europe and operates more than 1.8 million parking spaces across 13,000 sites in over 400 cities. With approximately €900 million in annual revenues, APCOA is a trusted partner for private and public real estate owners, providing outsourced services for parking centres, electric vehicle charging stations and urban hubs focused on sustainable mobility and logistics solutions for smart cities.
Funds managed by SVP have been a minority shareholder in APCOA since 2014. As part of this acquisition, SVP funds will acquire shares from current majority shareholder Centerbridge and other minority shareholders.
Source : Joint release