Strategic Value Partners to Acquire German-Based APCOA Parking Holdings.
MANews-(C)2009-2023
Funds managed by US-based alternative investment firm Strategic Value Partners, LLC has agreed to acquire 100% of German parking infrastructure operator APCOA Parking Holdings, the company said.
Terms of the transaction were not disclosed.
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 m parking spaces across 13,000 sites in over 400 cities.
Funds managed by SVP have been a minority shareholder in APCOA since 2014. As part of this...
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