FRANCE - Apax sells Parkéon to Barclays Private Equity for around EUR 260m
Apax Partners has agreed to sell the former parking and ticketing division of Schlumberger (e-city) to Barclays Private Equity for a total consideration of approximately EUR 260 million.
Apax acquired the business in 2003, and recapitalised it twice since then.
Parkeon has a 60% global market share in integrated parking solutions. It is also a player in the off-street parking access management and transport ticketing markets. The company generated a 2006 turnover of EUR 140m.
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