Monthly journal Parking Review has been the definitive source of news and intelligence on the UK and international public and private parking sectors since 1989.

Capita sells ParkingEye for £235m

30 July 2018
 

Capita is selling its parking management business, ParkingEye, for £235m. This represents a major cash gain for the business outsourcing group, which bought ParkingEye for £58m in 2013. ParkingEye is being acquired by a vehicle owned by Macquarie and funds advised by MML Capital Partners for a cash consideration of £235m. The transaction is expected to close later this year.

The sale forms part of Capita’s strategy of simplifying the business, focussing on growth markets...

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