Investment company Strategic Value Partners is to up its stake in APCOA, taking ownership of the entire business of the European parking operator.
SVP is a global alternative investment firm with over $18bn of assets under management. SVP-managed funds have now entered into an agreement to acquire 100% of APCOA Parking Holdings.
The transaction is expected to close in the next three months, subject to receipt of required regulatory approvals as well as other customary closing conditions.
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