Infrastructure - MAY 26, 2017

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

KKR wins €2.95b bid for Dutch car operator

by Andrea Waitrovich

Q-Park N.V. has entered into an exclusivity agreement with KKR’s infrastructure investment platform for the acquisition of 100 percent of the outstanding shares of Q-Park. KKR Infrastructure has submitted this offer to all Q-Park shareholders for their acceptance. The Supervisory Board and Management Board of Q-Park unanimously support the transaction. Q-Park is currently owned by a group of shareholders consisting mainly of institutional investors, including pension funds and insurance companies.

The transaction represents an enterprise value of €2.95 billion ($3.29 billion).

Q-Park manages more than 800,000 parking spaces in 10 countries around Europe and had a 2.0 percent increase in revenue in 2016. The deal includes €1.4 billion ($1.56 billion) in infrastructure-style financing, which will offer higher leverage and lower pay yields compared to private equity deals.

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy