Tom Goossens, Partner at CVC DIF, commented: “iPark is a high-quality, essential and highly diversified infrastructure platform with a strong market position and clear growth potential. Off-street parking plays a vital role in urban mobility and iPark is well-positioned to further strengthen its leadership in this segment. Its diversified portfolio, long-term contracts and experienced management team make it an excellent fit for CVC DIF’s investment strategy. We look forward to partnering with the team to support the company’s continued growth and long-term value creation.”
Juan Manuel Mogarra, Founder and CEO of iPark, added: “CVC DIF is a highly experienced infrastructure investor with a deep understanding of long-term, essential assets. Their support will enable iPark to accelerate its growth strategy while continuing to deliver high-quality services to cities, partners and customers across Spain and Portugal. We are excited to begin this next chapter together.”
Paul Best, Senior Managing Director and Head of European Private Equity at Elliott Investment Management, said: “This transaction is a reflection of iPark’s market-leading position and potential for further growth. We are proud to have supported iPark as it expanded and diversified its portfolio and scaled its platform across Iberia. We wish the iPark and CVC DIF teams all the best as they pursue the next phase of growth for the company.”
The transaction is expected to close in 2026, subject to customary regulatory approvals.
DC Advisory and Eversheds acted as financial and legal advisers to Elliott Investment Management on the transaction, while RBC Capital Markets and Uría & Menéndez acted as financial and legal advisers to CVC DIF, respectively.