3i has demerged portfolio business National Car Parks into two separate entities. The car parking operating side has been acquired by Macquarie European Infrastructure Fund II in a £790m transaction. Meanwhile, 3i will retain NCP Services, an outsourced car parking services company which includes bus and coach operations, debt recovery and an urban design consultancy and has a turnover of £140m.
Shares have been sold to institutional investors for €15.8 a share
Add-on is the first since LDC and Ares provided financing of £100m to the telecoms company in 2019
Acquisition of the fire safety systems provider is the first from the GP's €1.1bn eighth fund
Fresh capital will go towards increasing delivery speed and geographic footprint