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CVC, Ardian, Cinven among Empark suitors

9 Jul 2014

parkA number of private equity firms are reportedly mulling bids for a 50 per cent stake in Spanish car parking company Empark Aparcamientos y Servicios.

CVC Capital Partners, Ardian and Cinven are all considering making offers for the company, people familiar with the matter told Bloomberg.

The stake could be valued at as much as €200m in a deal, said the sources.

Empark currently operates around 400,000 parking spaces across six countries. Last year the company saw its EBITDA decline 1.4 per cent from the previous year to €63.3m.

One of Empark’s suitors, Ardian, has recently agreed a management buyout of Italian chemical maker Italmatch Chemicals from Mandarin Capital Partners and the Malacalza family.

The deal for 78 per cent of the business was the fourth executed in Italy by Ardian’s mid cap buyout team.

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