Ardian, Crédit Agricole acquire Vinci's Indigo share

Following the transaction, Ardian and Crédit Agricole will own an equal share of the company – 49.2% each.

The remaining stake is owned by employees of the group and its management.

The company intends to strengthen its presence in the South American and Asian markets in particular, and will look to strengthen its technological development in areas such as mobile booking and payment.

The transaction is subject to anti-trust approval and is expected to close in Q3 2016.

Previous funding
In February 2014, Ardian entered exclusive talks with Vinci to acquire its Vinci Park division for an enterprise value of €1.96bn. Vinci sold three quarters of the subsidiary, retaining a 25% stake via its Vinci Concessions unit, the division under which Vinci Park then operated.

Ardian subsequently held a 37.5% stake in the newco, while Crédit Agricole Assurances acquired a similar stake. The latter invested via its personal insurer arm Predica.

Company
Paris-based Vinci established its Vinci Park subsidiary in 2001. The division then managed around 1.6 million parking spaces and associated services in 500 towns and cities across 14 countries. It recorded revenues of €607m in 2013.

Vinci Park became Indigo after it was acquired by Ardian and Crédit Agricole. It now has two million parking spaces under management in 16 different countries. In 2015, its revenues and its EBITDA amounted to €795m and €281m respectively.

People
Ardian – Mathias Burghardt (head of infrastructure).
Crédit Agricole Assurances – Jean-Jacques Duchamp (deputy managing director).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• France
• Consumer
• Ardian (formerly Axa PE)