{"id":5694,"date":"2007-02-19T00:00:00","date_gmt":"2007-02-19T00:00:00","guid":{"rendered":""},"modified":"-0001-11-30T00:00:00","modified_gmt":"-0001-11-30T04:00:00","slug":"hedge-fund-investcorp-to-sell-off-investment-company","status":"publish","type":"post","link":"https:\/\/www.hedgeco.net\/news\/02\/2007\/hedge-fund-investcorp-to-sell-off-investment-company.html","title":{"rendered":"Hedge Fund Investcorp to Sell Off Investment Company"},"content":{"rendered":"<p>  HedgeCo.Net <a class=\"corpHighlight\"><span class=\"copy\">(New York)<\/span><\/a> &#8211; It was announced today in a press release by Eurazeo that global hedge fund manager Investcorp has finalized a deal  to sell APCOA, the leading pan-European manager of parking services, for an enterprise value of \u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac885 million (1.16+ billion dollars) to Eurazeo. The closing of the transaction, subject to the  relevant competition authority approval, should take place during the second quarter of 2007.<\/p>\n<p>  APCOA has operations in 13 countries, primarily Germany, Great Britain and Scandinavia. In 2006 APCOA had sales of \u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac489 million ($642.5 million), up 7% on 2005.<\/p>\n<p>  Thilo Sautter, head of the German private equity practice at Investcorp: \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cWe are delighted with the sale of APCOA to Eurazeo, after having led the successful transformation of APCOA to the leading  European car park operator. Eurazeo is an excellent shareholder for APCOA and will provide APCOA with the necessary resources to continue the international expansion and support the growth strategy  initiated under Investcorp\u00c3\u00a2\u00e2\u201a\u00ac\u00e2\u201e\u00a2s stewardship.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d<\/p>\n<p>  Peter Fischer, CEO of APCOA, said: \u00c3\u00a2\u00e2\u201a\u00ac\u00c5\u201cOver the past three years we have, together with Investcorp, developed and implemented a successful strategy to become the leading European car park  operator&#8230;.Our portfolio is well suited for selective bolt-on acquisitions and our network will benefit from expansion into new markets.\u00c3\u00a2\u00e2\u201a\u00ac\u00c2\u009d<\/p>\n<p>  With more than \u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac6 billion in diversified assets and a market capitalisation of \u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac5.8 billion, Eurazeo is one of the leading listed European investment companies. Eurazeo is a majority or key  shareholder in companies such as Europcar, Rexel, B&amp;B H\u00c3\u0192\u00c2\u00b4tels and ANF. Eurazeo also holds significant stakes in Danone, V\u00c3\u0192\u00c2\u00a9olia and Air Liquide.<\/p>\n<p>  Investcorp is a leading provider and manager of alternative investment products. It has offices in New York, London and Bahrain. Investcorp has five lines of business: private equity, hedge funds,  real estate, venture capital and Gulf growth capital. Founded in 1982, Investcorp has grown to become one of the largest and most diverse alternative investment managers in terms of both product  offerings and geography. It currently has over $10 billion in invested assets under management.<\/p>\n<p align=\"left\">  Alex Akesson<br \/>  Contributing Writer<br \/>  HedgeCo.Net<br \/>  Email: <a href=\"mailto:Editor@hedgeco.net\">Editor@hedgeco.net<\/a> <\/p>\n<div align=\"left\">\n<p align=\"left\">    HedgeCo.Net is a premier hedge fund database and community for qualified and accredited investors only. Membership on www.hedgeco.net is FREE and EASY. We also offer FREE LISTINGS for Hedge    Funds!  <\/p>\n<div align=\"left\">\n<p align=\"left\">      <strong>Be sure to check out our sister sites. <a href=\"http:\/\/www.hedgefundlounge.com\/\">www.hedgefundlounge.com<\/a>, <a href=      \"http:\/\/www.hedgefundtools.com\/\">www.hedgefundtools.com,<\/a><\/strong> and <a href=\"http:\/\/www.hedgefundemployment.com\/\"><strong>www.hedgefundemployment.com.<\/strong><\/a>    <\/p>\n<\/p><\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>HedgeCo.Net (New York) &#8211; It was announced today in a press release by Eurazeo that global hedge fund manager Investcorp has finalized a deal to sell APCOA, the leading pan-European manager of parking services, for an enterprise value of \u00c3\u00a2\u00e2\u20ac\u0161\u00c2\u00ac885 [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[3],"tags":[],"class_list":["post-5694","post","type-post","status-publish","format-standard","hentry","category-hedgeco-news"],"_links":{"self":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5694","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/comments?post=5694"}],"version-history":[{"count":0,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/posts\/5694\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/media?parent=5694"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/categories?post=5694"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.hedgeco.net\/news\/wp-json\/wp\/v2\/tags?post=5694"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}