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Unquote
  • Buyouts

GERMANY - APCOA changes hands for EUR 885m

  • Emanuel
  • 21 February 2007
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Investcorp has sold pan-European manager of parking services APCOA to Eurazeo for an enterprise value of EUR 885m. In the summer of 2004, Investcorp acquired 98.26% of APCOA Parking AG from Salamander AG, a subsidiary of EnBW Energie Baden Württemberg AG.

APCOA has operations in 13 countries, primarily Germany, the UK and the Nordic region. The group manages more than 3,300 car parks providing some 725,000 car parking spaces and employing around 2,900 staff. It manages town centre car parks as well as shopping centre, airport and hospital parking. The group reported sales of EUR 489m in 2006, representing an increase of 7% on 2005.
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