Investment Summary

APG Asset Management Invests In Interparking

On October 23, 2019, asset manager APG Asset Management invested in consumer services company Interparking from CPP Investments

Investment Highlights
  • This is APG Asset Management’s 1st transaction in the Consumer Services sector.
  • This is APG Asset Management’s 2nd transaction in Belgium.

Investment Summary

Date 2019-10-23
Target Interparking
Sector Consumer Services
Investor(s) APG Asset Management
Sellers(s) CPP Investments
Deal Type Stake Purchase

Target

Interparking

Bruxelles, Belgium
Interparking is one of the major European car park operators. Interparking designs, builds, operates and maintains high-quality car parks across Europe. Interparking operates 949 car park sites with c.415,000 parking spaces in cities across 416 cities in 9 countries. These include Belgium, the Netherlands, Spain, France, Italy, Poland and Romania, and Interparking operates car parks in Germany and Austria under the brand Contipark. Interparking was founded in 1958 and is based in Bruxelles, Belgium.

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Investor(S) 1

DESCRIPTION

APG Asset Management is a multi-asset Dutch investment management firm focused on managing and providing investment programs for pension funds. APG Asset Management is based in Amsterdam with additional offices in New York City and Hong Kong.


DEAL STATS #
Overall 4 of 9
Sector: Consumer Services M&A 1 of 1
Type: Stake Purchase M&A Deals 2 of 3
Country: Belgium M&A 2 of 2
Year: 2019 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-15 Brussels Airport

Brussels, Belgium

Brussels Airport manages the Brussels airport, a European airport handling 25.7 million passengers and 732,000 tonnes of freight annually. Brussels Airport links the European capital with 248 destinations worldwide and is served by 80 different airlines. Brussels Airport is based in Brussels, Belgium.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2020-04-28 BRISA Auto-estradas de Portugal

Sao Domingos de Rana, Portugal

BRISA Auto-estradas de Portugal international highway operator and the largest transport infrastructure company with assets divided into five business areas: concessions, road services, vehicle inspections and international businesses (India, Holland and United States of America). BRISA Auto-estradas de Portugal was founded in 1972 and is based in Sao Domingos de Rana, Portugal.

Buy -

Seller(S) 1

SELLER
DESCRIPTION

CPP Investments is a Canadian pension fund focused on a variety of investing strategies, including public equities, debt, and alternative investments. The Firm's private equity arm looks to acquire direct stakes in private companies, as well as make fund investments and acquire secondary positions. For direct stakes in companies, CPP looks to invest across North American and Europe and seeks to commit a minimum of $150 million per transaction. CPP has no industry preferences however the Firm will not invest in real assets. CPP Investments was established in 1997 and is based in Toronto, Ontario.


DEAL STATS #
Overall 7 of 18
Sector: Consumer Services M&A 1 of 1
Type: Stake Purchase M&A Deals 1 of 1
Country: Belgium M&A 1 of 1
Year: 2019 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-08-01 Refinitiv

New York, New York, United States

Refinitiv is a large provider of financial markets data and infrastructure, serving over 40,000 institutions in over 150 countries. It provides data and insights, trading platforms, market data infrastructure and open technology platforms that support and connect the global financial markets community. Refinitiv was formerly known as Thomson Reuters Financial & Risk and is based in New York.

Sell $27.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-11-04 Pattern Energy Group

San Francisco, California, United States

Pattern Energy Group LP owns and operates renewable energy facilities. Pattern Energy business is built around three core values of creative energy and spirit, the pride of ownership and follow-through, and a team-first attitude, which guide us in creating a safe, high-integrity work environment, applying rigorous analysis to all aspects of business, and proactively working with our stakeholders to address environmental and community concerns.

Buy $6.1B