Divestments

Parkia

Parkia is the leading pure off-street car park operator in Spain, with operations in Spain and Andorra.

EQT Infrastructure acquired Parkia in 2011 in a carve-out from listed construction and infrastructure company Acciona, representing EQT’s first investment in Spain.

  • Sector
    Transport & Logistics
  • Country
    Spain
  • Responsible Advisor
    Matthias Fackler, Ulrich Köllensperger
  • Fund
    EQT Infrastructure I
  • Entry
    2011
  • Exit
    2016

In 2014, EQT Infrastructure and Spanish insurance company Mutua Madrileña merged their car park operators Parkia and MutuaPark.

By 2015, Parkia was the leading pure off-street car park operator in Spain with 58 car parks and the third largest off-street car park portfolio in terms of car park spaces (ca. 27,000). The company operated under long-term concession agreements with mainly municipalities and with an average remaining life of ~30 years.

Throughout its ownership, EQT Infrastructure supported management in implementing operational excellence across its car park portfolio, commercializing its product offering and pursuing a dedicated M&A strategy.

In 2016, EQT Infrastructure (66.8%) and Mutua Madrileña (33.2%) sold Parkia to First State Investments.

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