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SWEDEN - Q-Park acquires Carpark from Bridgepoint

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Q-Park, the European cap parking company, has acquired the Swedish parking firm CP Group AB (also called Carpark) from Bridgepoint for an undisclosed sum. Carpark, founded in 1959 is a leading car park operator in the Nordic region, this acquisition will put Q-Park in a top 2 position as a private parking company in Europe.

The takeover of Carpark fits well with Q-Parks plans to expand within Europe, with parking revenues set to grow faster than the overall economy in the Nordic region, this provides an important gateway to the Swedish, Finnish and Norwegian parking market.

UBS Investment Bank acted as sole financial adviser to Bridgepoint with Linklaters acting as sole legal adviser and Ernst & Young as provider of vendor accounting due diligence.

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