Suma Capital, MCH in Parkare trade sale

The acquisition expands Came's reach in new geographies.

The sale of the company has generated a profit for the selling GPs.

Parkare was formed in the merger of Spanish parking solutions providers Mabyc and Ibersegur, bought by Suma and MHC in 2007, and UK-based Alfia, bolted on in 2008.

Came is a family-owned business, with a presence in 118 countries. The business has revenues of €215m.

Previous funding
In 2007, Suma and MHC acquired parking services Mabyc and Ibersegur. The acquisition included the 87.07% stake held by Catalana d'Iniciatives and the remaining stake of Jaime Jordá, the group's general director. After the transaction, MCH took a stake of 71% and Suma took 22%, while the management reinvested to take a 7% stake in the business, according to unquote" data. The total amount paid to the sellers was €25.7m. At the time, the business reported revenues of €30m.

In 2008, Mabyc-Ibersegur acquired UK competitor Alfia from US parent Stanley Works.

Company
Based in Barcelona, Parkare provides on-street and off-street parking control systems. The business is present in Mexico and Chile, as well as across Europe. Notable Spanish clients include the city of Barcelona and the city of Madrid.

The firm expects to generate revenues of €35m by year-end and employs 223 members of staff.

People
Enrique Tombas is managing director at Suma.

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