Q-Park, a leading European parking services provider active in 10 countries, is currently owned by a group of shareholders consisting mainly of institutional investors (including pension funds and insurance companies). The KKR offer followed a structured sale process, initiated last year by the shareholders to further diversify their investments. On 24 May 2017, the shareholders received KKR’s irrevocable and unconditional offer. Shareholders accepted the offer on 14 June 2017.
Subject to the required approvals, the transaction is expected to close in the second half of 2017.
Arne Grimme (lead partner); Jaap Barneveld; Myora Kuipers; Mark Rebergen; Bernard Roelvink; Lennard Keijzer; Yi Duan; Alexandra Tan; and Maurits Burggraaf.