CASE Corporate Finance acted as sole financial M&A adviser to INDIGO Group in respect of the acquisition of APCOA Group’s Belgian subsidiary
INDIGO Group, the world expert in parking and urban mobility solutions, has recently signed an agreement with APCOA Holdings GmbH (“APCOA”) to acquire its Belgian subsidiary, APCOA Belgium NV (“APCOA Belgium”) including its 50% stake in ParcBrux BV (the remaining 50% being already owned by INDIGO) and 50% in Maatschap Parkeren Leuven.
APCOA Belgium operates 36 contracts across four regions in Belgium (Antwerp, Flemish Brabant, Limburg and East Flanders) and generated over 18 million of euros of revenues in 2023.
APCOA Belgium car park operations are mostly located in areas where INDIGO Group is already present, facilitating the integration of APCOA Belgium’s operations within INDIGO Group organization. This, combined with the addition of operational and commercial expertise and a shared culture of excellence, is expected to create significant synergies.
These acquisitions are fully aligned with INDIGO Group’s strategy to expand its contracts portfolio with high-quality contracts and to consolidate its leadership position in Belgium. It will also provide INDIGO Group with an opportunity to accelerate and intensify the deployment of its strategy in Belgium and strengthen its competitive position in the attractive on-street and electric vehicles charging markets. Finally, following the contemplated transaction, INDIGO Group will own and fully consolidate 100% of ParcBrux BV.
The completion of the transaction is subject to customary conditions and is expected before the end of July 2024.
CASE Corporate Finance acted as sole financial M&A adviser to INDIGO Group for the second time in 2024 after the announced acquisition of Transdev Park Voirie.
This transaction further illustrates CASE Corporate Finance expertise in the urban mobility and car park sectors having advised more than 10 M&A transactions in France and Europe in that field since inception.
