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October 10, 2023

Strategic Value Partners to acquire APCOA Parking Holdings

Stuttgart, October 10, 2023 – APCOA Parking Holdings (“APCOA”) and Strategic Value Partners, LLC and its affiliates (together, “SVP”), a global alternative investment firm with over $18 billion of assets under management, today announced that SVP-managed funds have entered into an agreement to acquire 100% of APCOA, Europe’s leading parking infrastructure operator. The transaction is expected to close in the next three months, subject to receipt of required regulatory approvals as well as other customary closing conditions.

APCOA provides car park management services across Europe and operates more than 1.8 million parking spaces across 13,000 sites in over 400 cities. With approximately €900 million in annual revenues, APCOA is a trusted partner for private and public real estate owners, providing outsourced services for parking centres, electric vehicle charging stations and urban hubs focused on sustainable mobility and logistics solutions for smart cities.

Funds managed by SVP have been a minority shareholder in APCOA since 2014. As part of this acquisition, SVP funds will acquire shares from current majority shareholder Centerbridge and other minority shareholders.

Philippe Op de Beeck, CEO of APCOA, said: “We thank Centerbridge for their support and are looking forward to our next chapter of growth under the ownership of SVP. We see SVP’s investment as a strong vote of confidence in APCOA’s strategy and business model, the strength of our client relationships and the quality of the management team and broader employee base. With this backing, we will continue to focus on maximising the value of our clients’ assets, developing our digital services, and increasing our push into EV charging and inner-city sustainable mobility.”

John Brantl, Co-Head of SVP’s European Investment Team said: “We are excited to partner with the team at APCOA to unlock significant value, particularly around increasing automation, capitalizing on underutilised space and monetizing EV charging. Through organic growth, operational improvements and investing heavily in innovative technologies, we look forward to helping the APCOA team take the business to the next level.”

Press contact

APCOA PARKING Holdings GmbH

Sebastian Merkle
Flughafenstraße 34
70629 Stuttgart-Airport

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Notes to editors

About APCOA

Active in the fields of parking, charging, technology and urban solutions, APCOA is Europe’s No.1 parking operator. We transform parking infrastructure into an essential part of tomorrow’s sustainable mobility. With our 5,000 employees, we manage more than 1.8 million individual parking spaces at 13,000 locations across 13 European countries.

Our Mission: getting the best out of each and every parking space. For our clients, their customers and their communities. Today and tomorrow.

APCOA manages car parks for owners and investors in all sectors. We cater to each specific need, be it monetary, service-based or both. Wherever possible, we provide easy-to-use charging infrastructure. In doing so, we contribute to advancing e-mobility. From our Traffic Management System to Autonomous Valet Parking – our proprietary technologies are the foundation for both state-of-the-art and tailor-made solutions.

APCOA Urban Solutions bring together multiple useful services in unique ecosystems: Our locations offer themselves as logistics centres for last mile delivery, provide charging spots for EVs, e-scooters and e-bikes or serve as pick-up and drop of points for mobility providers.

And we are committed to growing in innovative and environmentally friendly ways. By bringing parking, sustainable mobility and urban life together, we aim to contribute to a better future. By reducing CO2 emissions, conserving resources and improving the overall quality of life, we want to act as an integral part of the urban ecosystem.

Press contact

APCOA PARKING Holdings GmbH

Sebastian Merkle
Flughafenstraße 34
70629 Stuttgart-Airport

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