Hammarskiöld & Co advises on EUR 2.95 billion sale of Q-Park
Hammarskiöld & Co has advised Q-Park on Swedish law aspects on KKR Infrastructure’s offer to acquire 100% of the outstanding share capital of Q-Park for an enterprise value of €2.95 billion. The transaction is subject to regulatory clearances.
Q-Park is one of Europe’s leading parking providers, with more than 870,000 parking spaces in over 6,300 facilities across ten countries. Q-Park is currently owned by a group of shareholders consisting mainly of institutional investors, including pension funds and insurance companies. The offer follows a structured sale process which was initiated during 2016 by the existing shareholders of Q-Park.
Lead counsel for Q-Park in the transaction is Dutch lawfirm Stibbe N.V.