Strategic Value Partners, a global alternative investment firm with more than $18 billion in assets under management, has closed the previously announced acquisition of APCOA Parking Holdings, a European parking infrastructure operator.
APCOA, which provides car park management services across Europe, operates more than 1.8 million parking spaces across 13,000 sites in more than 400 cities.
With some €900 million ($967 million) in annual revenues, APCOA is a trusted partner for private and public real estate owners, providing outsourced services for parking centers, electric vehicle charging stations, and urban hubs focused on sustainable mobility and logistics solutions for smart cities.
The deal closed following the receipt of all necessary approvals. Financial terms were not disclosed.
