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Kekst CNC represents Strategic Value Partners as the Greenwich CT-based alternative investment firm acquires APCOA Parking Holdings in Stuttgart.
APCOA provides car park management services (1.8M parking spaces) in more than 400 cities across Europe. It generates annual revenues in the $960M range.
SVP, which has $18B in assets under management, has owned a minority stake in APCOA since 2014.
"We are excited to partner with the team at APCOA to unlock significant value, particularly around increasing automation, capitalizing on underutilized space and monetizing EV charging,” said John Brantl, co-head of SVP's European investment team.
Kekst CNC’s Todd Fogarty and Richard Goldman handle North American PR for SVP, while London’s Greenbrook Communications works the European beat.
Longacre Square Partners represents Ancora Holdings as it urges the board of Big Yellow Group to conduct a strategic review of the UK’s No. 1 self-storage company.
Kekst CNC handles Getty Images as it begins a prepackaged Chapter 11 reorganization and receives a commitment from Koch Equity Development and the Getty family to invest $533M in the visual content company.
As capital concentrates among established firms, emerging managers must find new ways to earn investor confidence.
Teneo handles True Food Kitchen as the Scottsdale, AZ-based wellness food restaurant chain that counts Oprah Winfrey as a minority investor files for Chapter 11.
FGS Global and Teneo represent Canada’s billionaire Weston family as its Wittington Investments holding company acquires Boots Group, the 177-year-old UK health & beauty retailer, from Sycamore Partners for $8.9B.
