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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.

TOKYO/SINGAPORE (Reuters) – Oil prices rose on Thursday after two days of declines, as a larger-than-expected draw in US crude inventories provided some impetus for investors to buy futures while they monitor developments in Venezuela.

Brent crude futures climbed 29 cents, or 0.48%, to $60.25 a barrel at 0718 GMT, while US West Texas Intermediate crude was at $56.25 a barrel, up 26 cents, or 0.46%.

Both benchmarks fell more than 1% for a second day on Wednesday with market participants expecting ample global supply this year, including analysts at Morgan Stanley, who estimate a surplus of as much as 3 million barrels per day in the first half of 2026.

The declines led some traders to take an opportunity to buy futures on Thursday, said Mitsuru Muraishi, an analyst at Fujitomi Securities.

“Pullback buying has nudged prices slightly higher, but persistent oversupply concerns are capping upside momentum. While markets are watching developments in Venezuela, the downward trend is likely to continue for now,” he said, forecasting that WTI will likely fall below $54.

US crude stocks dropped by 3.8 million barrels to 419.1 million barrels in the week ended January 2, the Energy Information Administration said, compared with analysts’ expectations in a Reuters poll for a 447,000-barrel rise.

The US seized two Venezuela-linked oil tankers in the Atlantic Ocean on Wednesday, one sailing under Russia’s flag, as part of President Donald Trump’s aggressive push to dictate oil flows in the Americas and force Venezuela’s socialist government to become an ally.

On Tuesday, Washington announced a deal with Caracas to get access to up to $2 billion worth of Venezuelan crude. Venezuela will be “turning over” between 30 million and 50 million barrels of “sanctioned oil” to the US, Trump wrote in a social media post on Tuesday.

This would provide a release valve for Venezuelan oil flows, which have been slowed because of a US blockade on sanctioned tankers leaving and entering the country. Directing this oil to the US may reduce the need for Venezuela to cut output because of storage constraints, ING analysts said in a note.

The deal initially could require the rerouting of cargoes that were bound for China, sources told Reuters.

Chinese independent refiners that consume much of the country’s Venezuelan imports could switch to Iranian oil to make up the shortfall.

Trump and his advisers are planning an initiative to dominate the Venezuelan oil industry for years to come, and the president told aides he believes his efforts could help lower oil prices to $50 a barrel, the Wall Street Journal reported on Wednesday.

A plan under consideration includes the US exerting some control over Venezuela’s state-run oil company PDVSA, including acquiring and marketing the bulk of the company’s oil production, the report said, citing people familiar with the matter.