STUTTGART, Germany and GREENWICH, Conn., Oct. 23, 2023 /PRNewswire/ — APCOA Parking Holdings (“APCOA”) and Strategic Value Partners, LLC and its affiliates (together, “SVP”), a global alternative investment firm with more than $18 billion of assets under management, today announced that the funds managed by SVP have reached an agreement to acquire 100% of APCOA, the leading European parking infrastructure operator. The transaction is expected to close within the next three months, subject to receipt of necessary regulatory approvals as well as other customary closing conditions.
APCOA offers parking management services throughout Europe and manages more than 1.8 million spaces in 13,000 locations in more than 400 cities. With annual revenues of €900 million, APCOA is a trusted partner for private and public property owners, providing outsourced services for parking centers, electric vehicle charging stations and urban centers focused on sustainable mobility and solutions. logistics for smart cities.
Funds managed by SVP have been minority shareholders of APCOA since 2014. As part of this acquisition, SVP funds will acquire shares from current majority shareholder Centerbridge and other minority shareholders.
Philippe Op de Beeck, CEO of APCOA, commented: “We thank Centerbridge for their support and look forward to our next chapter of growth under SVP ownership. We view SVP’s investment as a strong vote of confidence in the strategy. and APCOA’s business model, the strength of our client relationships and the quality of the management team and broader employee base. With this support, we will continue to focus on maximizing the value of our clients’ assets, developing our digital services and increase our commitment to recharging electric vehicles and sustainable mobility in city centers.”
John Brantl, Co-Head of SVP’s European Investment Team, stated: “We are excited to partner with the APCOA team to unlock significant value, particularly around increasing automation, capitalizing on underutilized space and monetizing EV charging. Through organic growth, operational improvements and heavy investment in innovative technologies, we look forward to helping the APCOA team take the business to the next level.”
About APCOA
APCOA is the main European parking operator, with more than 50 years of experience in the sector. With its 5,000 employees, the Group manages more than 1.8 million individual parking spaces at 13,000 locations in 13 European countries. The company operates in the areas of parking, pricing, technologies and urban solutions.
Through its open digital platform, APCOA FLOW, the company connects surface and off-surface parking lots with owners, partners, customers and their vehicles. Based on this technology, APCOA is transforming its parking lots into urban centers, creating the physical and digital infrastructure for mobility, logistics, electric vehicle charging and a wide range of innovative services that enable a more comfortable mobility experience.
The environment also benefits: With its digital services and its intelligent traffic management system, the company actively contributes to reducing emissions in cities by reducing the volume of logistics traffic and vehicles looking for parking. By connecting parking, mobility and proximity services to urban living, APCOA is positioned to become an integral part of the digital and physical ecosystem of smart cities. More information at www.apcoa.com and www.urban-hubs.com.
About SVP
SVP is a global alternative investment firm focused on special situations, venture capital, opportunistic credit and financing opportunities. The company uses a combination of operational, financial and sourcing expertise to unlock value for its portfolio companies. SVP currently manages more than $18 billion in assets and, since its inception, has invested more than $45 billion in capital, of which almost $18 billion has been invested in Europe. The company, founded by Victor Khosla in 2001, has approximately 200 employees, including approximately 90 investment professionals, at its main offices in Greenwich (CT) and London, and with a presence in Tokyo. More information at www.SVPGlobal.com.
Media Contacts
APCOASebastian MerkleTel.: 49 711-94791-652sebastian.merkle@apcoa.eu
SVPNorteaméricaKekst CNCTodd Fogarty, Richard Goldman svpglobal@kekstcnc.com(212) 521-4800
EuropaGreenbrook CommunicationsJames Madsensvp@greenbrookpr.com 44 20 7952 2000
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