Strategic Value Partners, LLC and its affiliates (SVP), a global alternative investment firm with over $18 bn of AUM, has entered into an agreement to acquire 100% of APCOA, Europe’s leading parking infrastructure operator.
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 and has approximately €900m in annual revenues.
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.
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.
