Amancio Ortega enters the parking sector with the purchase of 20% of the European group Q-Park
Pontegadea, the investment vehicle of Inditex founder and largest shareholder Amancio Ortega, has acquired a 20% stake in the company Q-Park, thereby entering the parking sector.
In this way, and as the parking company reported in a statement on its website this Friday, Pontegadea has acquired a 20% stake in the company from existing shareholders, including KKR.
At the same time, the Interogo holding company, through its infrastructure investment fund Inter Infrastructure Capital, has increased its stake from 12.25%, acquired in August 2024, to 18%. However, despite this move, KKR remains the majority shareholder.
Specifically, Q-Park is the owner and operator of parking infrastructure in Europe, controlling a diversified portfolio of 4,400 owned, leased and managed car parks in the Netherlands, Germany, France, Belgium, the United Kingdom, Ireland and Denmark.
Thus, Q-Park focuses on "strategic" off-street locations and works together with municipalities and owners to "implement sustainable urban mobility plans."
The firm, which recorded an underlying Ebitda of 247 million euros at the end of the third quarter, has further expanded its presence in the entire value chain of commercial activities during this month of December with the acquisition of SAGS, the fourth largest operator in the French parking market.
Likewise, with the support of its current shareholders, the company has expanded its electric vehicle charging infrastructure, with 7,000 charging points installed to date and more than 10,000 planned for 2027, having also launched innovative projects, such as the installation of solar panels and batteries to produce, store and supply renewable energy and enable future vehicle-to-grid connection solutions.
In this context, Pontegadea CEO Roberto Cibeira mentioned that this new transaction represents a further step in the company's "global strategy of investment diversification, while fulfilling its commitment to invest in innovative infrastructures through Q-Park, which combines the latest technology with a strong environmental focus."
For his part, Q-Park CEO Frank De Moor said that "they are delighted to welcome Pontegadea as a new shareholder, reflecting the confidence in the company."
In this way, and as the parking company reported in a statement on its website this Friday, Pontegadea has acquired a 20% stake in the company from existing shareholders, including KKR.
At the same time, the Interogo holding company, through its infrastructure investment fund Inter Infrastructure Capital, has increased its stake from 12.25%, acquired in August 2024, to 18%. However, despite this move, KKR remains the majority shareholder.
Specifically, Q-Park is the owner and operator of parking infrastructure in Europe, controlling a diversified portfolio of 4,400 owned, leased and managed car parks in the Netherlands, Germany, France, Belgium, the United Kingdom, Ireland and Denmark.
Thus, Q-Park focuses on "strategic" off-street locations and works together with municipalities and owners to "implement sustainable urban mobility plans."
The firm, which recorded an underlying Ebitda of 247 million euros at the end of the third quarter, has further expanded its presence in the entire value chain of commercial activities during this month of December with the acquisition of SAGS, the fourth largest operator in the French parking market.
Likewise, with the support of its current shareholders, the company has expanded its electric vehicle charging infrastructure, with 7,000 charging points installed to date and more than 10,000 planned for 2027, having also launched innovative projects, such as the installation of solar panels and batteries to produce, store and supply renewable energy and enable future vehicle-to-grid connection solutions.
In this context, Pontegadea CEO Roberto Cibeira mentioned that this new transaction represents a further step in the company's "global strategy of investment diversification, while fulfilling its commitment to invest in innovative infrastructures through Q-Park, which combines the latest technology with a strong environmental focus."
For his part, Q-Park CEO Frank De Moor said that "they are delighted to welcome Pontegadea as a new shareholder, reflecting the confidence in the company."