M&A Deal Summary

Sumitomo Acquires Q-Park B.V.

On March 12, 2019, Sumitomo acquired consumer services company Q-Park B.V. from KKR

Acquisition Highlights
  • This is Sumitomo’s 1st transaction in the Consumer Services sector.
  • This is Sumitomo’s 1st transaction in the Netherlands.

M&A Deal Summary

Date 2019-03-12
Target Q-Park B.V.
Sector Consumer Services
Buyer(s) Sumitomo
Sellers(s) KKR
Deal Type Add-on Acquisition

Target

Q-Park B.V.

Maastricht, Netherlands
Q-Park B.V. is a provider of parking facilities in Europe, with over 800,000 parking spaces in ten countries, in over 5,800 secure, clean and well-managed facilities. Q-Park Nordics customer base held by securing parking space concentrated in highly convenient metropolitan areas in each of the three countries. Q-Park B.V. was founded in 1998 and is based in Maastricht, Netherlands.

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Buyer(S) 1

Buyer

Sumitomo

Tokyo, Japan

Category Company
Founded 1919
Sector Distribution
Employees74,920
Revenue 5.50T JPY (2022)
DESCRIPTION

Sumitomo is a global network and based on trust from companies in various industries and from consumers, Sumitomo Corporation engages in multifaceted business activities by making the most of its Integrated Corporate Strength. These business activities include sales of a variety of products and services within Japan, import and export, trilateral trade, and domestic and international business investment. Sumitomo was founded in 1919 and is based in Tokyo, Japan.


DEAL STATS #
Overall 31 of 45
Sector (Consumer Services) 1 of 1
Type (Add-on Acquisition) 15 of 23
Country (Netherlands) 1 of 1
Year (2019) 3 of 7
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-01-28 Cinnamon

Tokyo, Japan

Cinnamon, Inc. is a developer of AI-related products and services. Cinnamon is based in Tokyo, Japan.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-14 MARS

Takasaki, Japan

MARS Co. develops and markets products that feature unique refrigeration technology, which allows perishables to be kept at temperatures under 0˚C without freezing and maintain their freshness. MARS Co. was founded in 2006 and is based in Takasaki, Japan.

Buy -

Seller(S) 1

SELLER

KKR

New York, New York, United States

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 1976
PE ASSETS 267.0B USD
Size Mega
Type Sector Agnostic
DESCRIPTION
KKR's office in Menlo Park, California.
KKR's office in Menlo Park, California.

KKR is a global investment firm founded by Jerome Kohlberg, Henry Kravis, and George Roberts. The Firm is separated into several business segments including private markets, public markets, capital markets, and other principal activities. KKR's private equity practice invests in management buyouts, take privates, corporate divestitures, industry consolidations, and partnerships with family-owned companies. KKR will invest in a broad range of industries and companies and will consider businesses throughout North America, Europe, Asia, and Australia/New Zealand. Sectors of interest include chemicals, consumer products, energy and natural resources, financial services, healthcare, industrial, media/communications, retail, and technology. In addition to its traditional principal investment activity business, KKR also invests in infrastructure assets. KKR was formed in 1976 and is based in New York, New York.


DEAL STATS #
Overall 123 of 205
Sector (Consumer Services) 4 of 4
Type (Add-on Acquisition) 41 of 67
Country (Netherlands) 9 of 9
Year (2019) 2 of 14
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-02-26 Exact

Delft, Netherlands

Exact is a provider of business software solutions. Its integrated solutions comprise traditional enterprise resource planning (ERP) as well as related software solutions such as human resource management (HRM), customer relationship management (CRM), corporate performance management (CPM), project management, and electronic workflow. Exact was founded in 1984 and headquartered in Delft, Netherlands.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2019-03-29 Lyft

San Francisco, California, United States

Lyft is a ride-sharing company that connects people and communities through transportation. It helps organizations to establish private and social networks for ridesharing. Lyft was founded in 2007 and is based in San Francisco, California.

Sell -