Stuttgart, Germany and Greenwich, CT, USA. 7 February, 2024 – APCOA Parking Holdings (“APCOA”), Europe’s leading parking infrastructure operator, and Strategic Value Partners, LLC and its affiliates (together, “SVP”), a global alternative investment firm with over $18 billion in assets under management, today announced that SVP-managed funds have completed the previously announced acquisition of APCOA following the receipt of all necessary approvals.
About APCOA
APCOA is Europe’s leading parking operator with more than 50 years of industry expertise. With its 5,000 employees, the Group manages more than 1.8 million individual parking spaces at 13,000 locations in 13 European countries. The company is active in the areas of parking, charging, technologies and urban solutions. With its consistent “asset light” business model, APCOA is a trusted partner, maximising value for private and public real estate owners.
Via its open digital platform, APCOA FLOW, the company connects on-street and off-street car parks with owners, partners, customers and their vehicles. Based on this technology, APCOA is transforming its car parks into urban hubs, creating the physical and digital infrastructure for mobility, logistics, EV charging and a wide range of innovative services that enable a more convenient mobility experience.
The environment also benefits: With its digital services and intelligent Traffic Management System, the company actively contributes to the reduction of emissions in cities by decreasing the volume of logistics traffic and vehicles searching for parking. By connecting parking, mobility, and proximity services for urban living, APCOA is positioned to become an integral part of the digital and physical Smart City ecosystem.
About SVP
SVP is a global alternative investment firm that focuses on special situations, private equity, opportunistic credit and financing opportunities. The firm uses a combination of sourcing, financial and operational expertise to unlock value in its portfolio companies. Today SVP manages over $18 billion in assets under management, and since inception, has invested more than $47 billion of capital, including more than $18 billion in Europe. The firm, established by Victor Khosla in 2001, has approximately 200 employees, including approximately 90 investment professionals, across its main offices in Greenwich (CT) and London, and a presence in Tokyo.