Royalton acquires majority interest in Czech car park operator

Royalton Capital Investors II, a private equity fund focused on investing in Central and Eastern Europe, has acquired a 67.5 per cent stake in Activ, a parking operator in the Czech Republic, through a direct purchase of shares and a capital increase.

The founder and current management hold the remaining shares.

Activ was founded in 1990 and provides comprehensive parking solutions to municipalities and car parks proprietors throughout the Czech Republic and Slovakia. In particular Activ manages the parking zones in third district of Prague. The company has 22,000 parking spaces under management and employs more than 75 people.

Activ is managed by Peter Odrobina and Jan Barabáš, who have 15 years' experience with the company. Josef Drebitko, who founded the company, will retain a shareholding and take up the position of chairman of the supervisory board of the operating company.

Odrobina says: 'With the Royalton investment and its commitment to our expansion plans, Activ is positioned to become one of the leading players in parking throughout the Central and Eastern Europe.'

Nigel P. Williams, managing partner of Royalton Partners, says: 'The acquisition of Activ represents a rare opportunity to buy into the historically profitable parking business and demonstrates Royalton's confidence in the continued out performance of the economies of Central and Eastern Europe, even in these difficult times. Royalton will continue to make such acquisitions within its circle of competence.

Royalton Capital Investors II is a private equity fund focused on making private equity investments in the EU accession countries of Central and Eastern Europe. The fund was established in 2007.

Royalton Partners is the adviser to the fund and is a private equity, mid-cap development capital and buyout manager, specializing in the new EU member and candidate states.