Date
August 13, 2014Array
Sector
Industrials and Industrial Technology
Deal Type
M&A
Deal Team
Manuel Sánchez de Lamadrid, Guillermo Gómez Garzón
Merger of the car park operations of EQT Infrastructure and Mutua Madrileña
Parkia, formerly Acciona Aparcamientos, is one of the leading private car park operators in Spain and Andorra. It operates 30 off-street car parks, 25 in Spain and 5 in Andorra, with almost 17,000 parking spaces. In addition, Parkia operates 1 on-street car park in Andorra. Parkia operates under concession agreements with local municipalities and with an average remaining life of approximately 30 years. EQT Infrastructure acquired Parkia from Acciona in July 2011, where GCA Altium acted as a sole financial advisor to EQT Infrastructure.
Mutua Madrileña, one of the leading insurance companies in Spain, acquired MutuaPark in 2010. MutuaPark operates 23 car parks.
The merger creates the largest pure off-street car park operator in Spain and one of the leading private off-street car park operators.