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.