PRINT THIS PAGE Apax to sell Parkeon to Barclays Private Equity27/04/2007. Source: AltAssets. 
 Apax Partners SA has agreed to sell Parkeon, a specialist in on-street parking systems, to Barclays Private Equity for a total consideration of approximately €260m. Parkeon is the former parking and ticketing division of Schlumberger (e-city).
Apax acquired the business from Schlumberger when it backed the MBO in 2003.
Parkeon is headquartered in France and has operations in Belgium, Germany, Italy, Scandinavia, Spain, the UK, Australia and the US.
An investor group led by Apax Partners SA recently also agreed to sell Cartesis, a provider of business performance management software, to Business Objects in a €225m transaction.
Copyright © 2007 AltAssets
|
