Private investment major KKR & Co is considering selling its portfolio company Q-Park, an operator of car parks across Europe, in a deal that could value the company at around €4bn, including debt, according to a report by Bloomberg.
The report cites unnamed sources with knowledge of the matter as revealing that the private equity firm has held talks with potential advisers about an exit, and is expected to begin weighing up buyer interest in the business early next year. According to Bloomberg’s sources though, discussions are ongoing, and no final decision has yet been made on whether to proceed with the sale.
KKR’s infrastructure arm acquired Netherland’s-based Q-Park, which operates 677,000 parking spaces in over 3,400 commercial parking facilities across seven countries, including the UK, in 2017.
