Macquarie Prepares €2B Sale of Parking Giant Empark
Global investment firm Macquarie is selling Empark, a major parking operator managing assets like Andorra's Escaldes Centre car park, attracting.
Key Points
- Empark valued at €2B; manages Escaldes Centre in Andorra and €893M Spanish assets.
- Sale launched summer 2023, advised by JP Morgan & Greenhill.
- Bidders: GIC, Infravia, Allianz, BlackRock, Stonepeak, KKR, EQT.
- Macquarie bought Empark in 2017 from A. Silva & Silva.
Macquarie, the global investment fund and financial services firm, is preparing to sell Empark, a major parking operator valued at around €2 billion. The company manages the communal Escaldes Centre car park in Andorra, among other assets.
The sale process, launched over the summer, is being advised by investment banks JP Morgan and Greenhill. It has drawn strong interest from leading private equity and infrastructure funds worldwide, including Singapore's sovereign wealth fund GIC, Infravia, Allianz Global Investors, BlackRock, Stonepeak, KKR, and EQT.
Empark, which trades under the Telpark brand, ranks among Spain's largest parking firms. It oversees assets there worth €893 million. Macquarie acquired the company in 2017 from A. Silva & Silva.
The competition among these heavyweight buyers underscores the appeal of Empark's established operations in a stable sector. No timeline for completing the deal has been confirmed.
Original Sources
This article was aggregated from the following Catalan-language sources: