CVC DIF to acquire leading Iberian parking infrastructure platform iPark

CVC DIF to acquire leading Iberian parking infrastructure platform iPark from Elliott Investment Management

• iPark owns and operates a portfolio of more than 30,000 parking spaces across more than 80 facilities in Spain and Portugal, with a well-diversified asset base present in urban centres, hospitals and transport-related locations
• With this investment, CVC DIF will support iPark’s management team in pursuing the company’s next phase of growth across Iberia, while continuing to enhance its operations

CVC DIF, the infrastructure division of leading global private equity manager CVC Capital Partners, has agreed to acquire iPark, a large-scale Iberian parking infrastructure platform operating across Spain and Portugal, from Elliott Investment Management. The investment will be made through DIF Infrastructure VIII.

iPark owns and operates a diversified portfolio of over 30,000 off-street parking spaces across more than 80 facilities, primarily located in urban centres, hospitals and transport-related locations.

The investment by DIF Infrastructure VIII will support iPark’s next phase of growth, building on its established buy-and-build strategy to scale the platform across core Iberian markets while continuing to enhance operational efficiency and digitalisation.

The transaction is aligned with CVC DIF’s strategy and significant experience of investing in essential infrastructure assets with long-term, concession-like high-visibility cash flows, which play a critical role in supporting economic activity and urban mobility in Europe.

Tom Goossens, Partner at CVC DIF, commented:“iPark is a high-quality, essential and highly diversified infrastructure platform with a strong market position and clear growth potential. Off-street parking plays a vital role in urban mobility and iPark is well-positioned to further strengthen its leadership in this segment. Its diversified portfolio, long-term contracts and experienced management team make it an excellent fit for CVC DIF’s investment strategy. We look forward to partnering with the team to support the company’s continued growth and long-term value creation.”

Juan Manuel Mogarra, Founder and CEO of iPark, added:“CVC DIF is a highly experienced infrastructure investor with a deep understanding of long-term, essential assets. Their support will enable iPark to accelerate its growth strategy while continuing to deliver high-quality services to cities, partners and customers across Spain and Portugal. We are excited to begin this next chapter together.”

Paul Best, Senior Managing Director and Head of European Private Equity at Elliott Investment Management, said:“This transaction is a reflection of iPark’s market-leading position and potential for further growth. We are proud to have supported iPark as it expanded and diversified its portfolio and scaled its platform across Iberia. We wish the iPark and CVC DIF teams all the best as they pursue the next phase of growth for the company.”

The transaction is expected to close in 2026, subject to customary regulatory approvals.

DC Advisory and Eversheds acted as financial and legal advisers to Elliott Investment Management on the transaction, while RBC Capital Markets and Uría & Menéndez acted as financial and legal advisers to CVC DIF, respectively.