With this investment, CVC DIF will support iPark’s management team in the company’s next phase of growth in Iberia, while continuing to enhance its operations.
iPark owns and operates a portfolio of over 30,000 parking spaces across more than 80 facilities in Spain and Portugal, with a well-diversified asset base present in city centers, hospitals, and transportation hubs.
Acquisition and Expansion Agreement
CVC DIF, the infrastructure division of leading global private equity manager CVC Capital Partners, has agreed to acquire iPark, a large-scale parking infrastructure platform operating in 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, located primarily in city centers, hospitals, and transportation-related sites.
DIF Infrastructure VIII’s investment will back iPark’s next phase of growth, building on its established buy-and-build strategy to scale the platform across key Iberian markets, while continuing to improve operational efficiency and digitalization.
CVC DIF, the infrastructure division of leading global private equity manager CVC Capital Partners, has agreed to acquire iPark, a large-scale parking infrastructure platform operating in 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, located primarily in city centers, hospitals, and transportation-related sites.
DIF Infrastructure VIII’s investment will back iPark’s next phase of growth, building on its established buy-and-build strategy to scale the platform across key Iberian markets, while continuing to improve operational efficiency and digitalization.
Strategic Alignment and Vision
The transaction is aligned with CVC DIF’s strategy and extensive experience in investing in essential infrastructure assets with long-term, highly visible, concession-like cash flows, which play a fundamental role in supporting economic activity and urban mobility in Europe.
Tom Goossens, Partner at CVC DIF, commented: "iPark is an essential, high-quality, 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 addition to CVC DIF’s investment strategy. We look forward to working with the team to support the company’s continued growth and long-term value creation."
Management Perspective
Juan Manuel Mogarra, Founder and CEO of iPark, added: "CVC DIF is an infrastructure investor with extensive experience and deep knowledge of essential long-term assets. Their support will enable iPark to accelerate its growth strategy while we continue to offer high-quality services to cities, partners, and clients in Spain and Portugal. We are excited to begin this new chapter together."
Juan Manuel Mogarra, Founder and CEO of iPark, added: "CVC DIF is an infrastructure investor with extensive experience and deep knowledge of essential long-term assets. Their support will enable iPark to accelerate its growth strategy while we continue to offer high-quality services to cities, partners, and clients in Spain and Portugal. We are excited to begin this new chapter together."
Seller's Statement
Paul Best, Senior Managing Director and Head of European Private Equity at Elliott Investment Management, noted: "This transaction reflects iPark’s leading market position and its additional growth potential. We are proud to have supported iPark in the expansion and diversification of its portfolio and the consolidation of its platform across the Iberian Peninsula. We wish the iPark and CVC DIF teams the greatest success in the company’s next phase of growth."
Paul Best, Senior Managing Director and Head of European Private Equity at Elliott Investment Management, noted: "This transaction reflects iPark’s leading market position and its additional growth potential. We are proud to have supported iPark in the expansion and diversification of its portfolio and the consolidation of its platform across the Iberian Peninsula. We wish the iPark and CVC DIF teams the greatest success in the company’s next phase of growth."
Closing and Advisors
The transaction is expected to close in 2026, subject to customary regulatory approvals.
DC Advisory and Eversheds acted as financial and legal advisors to Elliott Investment Management on the transaction, while RBC Capital Markets and Uría & Menéndez acted as financial and legal advisors to CVC DIF, respectively.
