CVC DIF, the infrastructure strategy of CVC Capital Partners, has agreed to acquire iPark, an Iberian off-street parking infrastructure platform operating across Spain and Portugal, from Elliott Investment Management. The investment will be made through DIF Infrastructure VIII. Financial terms were not disclosed.
iPark owns and operates a portfolio of more than 30,000 parking spaces across over 80 facilities, with sites concentrated in urban centers, hospitals, and transport-related locations. CVC DIF said the transaction aligns with its focus on essential infrastructure assets with long-term, concession-like, high-visibility cash flows tied to economic activity and urban mobility.
Under CVC DIF ownership, iPark will continue its buy-and-build strategy across core Iberian markets, with additional emphasis on enhancing operational efficiency and digitalization. The transaction is expected to close in 2026, subject to customary regulatory approvals.
Support: DC Advisory and Eversheds advised Elliott Investment Management, while RBC Capital Markets and Uría & Menéndez advised CVC DIF.
KEY QUOTES:
“iPark is a high-quality, essential and highly diversified infrastructure platform with a strong market position and clear growth potential. 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.”
Tom Goossens, Partner, CVC DIF
“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.”
Juan Manuel Mogarra, Founder and CEO, iPark
“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.”
Paul Best, Senior Managing Director and Head of European Private Equity, Elliott Investment Management
