Buyout majors, pension giants in hunt for €2bn Vinci parking business


car-headlightsq_lrgA trio of private equity majors are expected to go head to head with two Canadian pension fund giants to pay about €2bn for the parking concession business of French construction firm Vinci.

KKR, Charterhouse and Ardian are said to be likely to bid for the asset according to Reuters, which cited three people close to the deal.

It said the Ontario Teachers’ Pension Plan and Canadian Pension Plan Investment Board are also expected to submit offers, as is infrastructure player Antin.

Some of those bidders could team up into consortia, Reuters added, with one source saying a deal could be wrapped up by late February.

Vinci Park operates about 2,600 parking-lot assets in 14 countries, and had revenues of €615m in 2012.

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