Spain/Portugal: Macquarie acquires Empark multinational car park

Spain’s National Commission for Markets and Competition (CNMC) has approved the acquisition of car park chain Empark Aparcamientos y Servicios by fund manager Macquarie. The company will take full control of Empark, valued at about €1bn (US $ 1.18 billion), with more than 535,000 parking spots in 6 countries.
Most of Empark’s operations take place in Spain and Portugal, but it also has “limited presence” in Andorra, France, Turkey and the United Kingdom, Macquarie explained.
“Empark is a quality concession business in growing economies that benefits from attractive returns linked to inflation and strong visibility into cash flows,” said Macquarie Global Director of Infrastructure and Assets Martin Stanley.

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