Announced
Completed
Financials
Sources
Tags
Single Bidder
Minority
Cross Border
Acquisition
Completed
parking facilities
Parking Operation
Friendly
Italy
Private
Synopsis
TIIC, a pan-European infrastructure firm investing into mid-market infrastructure projects in both the transportation and social sectors, completed the acquisition of a 40% stake in Parcheggi Italia, an operator of parking lots, from Best in Parking Group, a constructor and operator of parking space. Financial terms were not disclosed. "We are very pleased with our investment in a long-term, high-quality and well-managed portfolio, located in a key market for us. We look forward to working with the management team and Best in Parking Group, leveraging TIICS significant sector experience. The further development of this state-of-the-art platform will also be a unique vehicle to contribute to the diversification of offer and city management solutions to local authorities," Manuel Cary, TlIC CEO.
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