CarPark
| Location: | Deal size: |
|---|---|
| Sweden | €88m |
CarPark was the largest privately-owned car park operator in the Nordic region when Bridgepoint acquired it in 2001. It managed approximately 180,000 car parking spaces in the major towns and cities of Sweden, Denmark, Finland and Norway and therefore represented a significant regional infrastructure asset. It provides two principal services: car park management and parking enforcement.
Bridgepoint was attracted not only by its market-leading position but by its ability to increase revenues year on year aided by rising demand in excess of supply for car parks. Under our ownership, the business grew organically, adding new car park contracts, and by geographic expansion in Finland, the Baltic States and Northern Europe. In March 2002 the business acquired Scanpark AS in Norway, resulting in it becoming the number two in that market.
CarPark was sold to a trade acquirer, Q-Park of Holland, in June 2006, resulting in a 7.5x money multiple on Bridgepoint's original investment.