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Ardian Infrastructure and Crédit Agricole Assurances Acquire VINCI’s Stakein Indigo - Ardian, the independent private investment company, and Crédit Agricole Assurances have signed an agreement with VINCI to acquire its 24.6% stake in parking operator Indigo, previously called Vinci Park - Ardian.com | CA-Assurances.com | VINCI.com
Ardian Infrastructure and Crédit Agricole Assurances Acquire VINCI’s Stakein Indigo

 

PRZOOM - /newswire/ - Rueil-Malmaison, Hauts-de-Seine, France, 2016/06/13 - Ardian, the independent private investment company, and Crédit Agricole Assurances have signed an agreement with VINCI to acquire its 24.6% stake in parking operator Indigo, previously called Vinci Park - Ardian.com | CA-Assurances.com | VINCI.com. CAC 40; Euronext 100

   
 
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Following this transaction, the company will be 49.2% owned by Ardian Infrastructure and 49.2% by Crédit Agricole Assurances. The remainder is owned by Group employees and management.

Ardian Infrastructure and Crédit Agricole Assurances first acquired a 75% stake in Indigo in 2014. Since then Indigo has achieved impressive growth through consolidating its market position in Europe and continuing its development at an international level through three platforms which are North America, South America and Asia, with notably the expansion in Colombia and Panama in collaboration with fellow parking operator City Parking in 2016.

Over the coming years, Indigo will focus on strengthening its market position in Europe as well as continuing its international development, notably in South America and Asia. The company is also supporting innovation in order to improve the customer experience through mobile booking and payment amongst other services.

Mathias Burghardt, Member of the Executive Committee, and Head of Ardian Infrastructure said: “We are delighted to have this opportunity to increase our stake in Indigo, the world’s leading parking company. The strategic vision and the strength of the management team, combined with their commitment to innovation, will allow Indigo to grow further in the coming years. We thank our partner Vinci for their trust and contribution to a seamless transition.”

Jean-Jacques Duchamp, Deputy Managing Director of Crédit Agricole Assurances: "I am delighted that we have the opportunity of increasing our stake in the share capital of Indigo. This operation is fully consistent with Crédit Agricole Assurances’ strategy of investing in companies that lead their respective markets, have a robust financial profile and operate in resilient underlying sectors.”

This transaction is subject to anti-trust approval and is expected to close in the third quarter of 2016.

About Indigo
Indigo is a key global player in car parking and urban mobility, which manages 2.0 million parking spaces in 16 different countries. In 2015, its revenues and its EBITDA amounted to 795 million euros and 281 million euros respectively (Infra Park figures - Global Proportionate and post IFRIC 12).

About Ardian
Ardian (ardian.com), founded in 1996 and led by Dominique Senequier, is an independent private investment company with assets of US$55bn managed or advised in Europe, North America and Asia. The company, which is majority-owned by its employees, keeps entrepreneurship at its heart and delivers investment performance to its global investors while fuelling growth in economies across the world. Ardian’s investment process embodies three values: excellence, loyalty and entrepreneurship.

Ardian maintains a truly global network, with more than 410 employees working through twelve offices in Paris, London, Frankfurt, Milan, Madrid, Zurich, New York, San Francisco, Beijing, Singapore, Jersey and Luxembourg. The company offers its 490 investors a diversified choice of funds covering the full range of asset classes through Ardian Funds of Funds (comprising primary, early secondary and secondary activities), Ardian Private Debt, Ardian Direct Funds (comprising Ardian Mid Cap Buyout, Ardian Expansion, Ardian Growth and Ardian Co-Investment), Ardian Infrastructure, Ardian Real Estate and customized mandate solutions with Ardian Mandates.

About Crédit Agricole Assurances
Crédit Agricole Assurances (ca-assurances.com), Europe's leading bank insurer, holds all of Crédit Agricole's insurance entities. The group offers a range of products and services for savings, retirement, health, death & disability and property insurance. They are distributed via Crédit Agricole group banks in France and in 10 other countries worldwide, by wealth management advisers and insurance agents. Crédit Agricole Assurances companies meet the needs of individuals, professionals, farmers and businesses.
Crédit Agricole Assurances has 4,000 employees. Its sales at the end of 2015 amounted to €30.4 billion (IFRS).

Press contacts:
ARDIAN: Estelle Guillot-Tantay / Anne-Charlotte Creac’h - Image 7
P: +33(0)1 53 70 74 93 / +33(0)1 53 70 94 21
E: egt[.]image7.fr / accreach[.]image7.fr

CREDIT AGRICOLE ASSURANCES: Françoise Bololanik / Camille Langevin
P: +33(0)1 57 72 46 83 / M: +33(0)6 25 13 73 98 / +33(0)1 57 72 73 36 / +33(0)6 23 35 60 28
E: service.presse[.]ca-assurances.fr.

About VINCI
VINCI (vinci.com) is a global player in concessions and construction, employing more than 185,000 people in some 100 countries. We design, finance, build and operate infrastructure and facilities that help improve daily life and mobility for all. Because we believe in all-round performance, above and beyond economic and financial results, we are committed to operating in an environmentally and socially responsible manner. And because our projects are in the public interest, we consider that reaching out to all our stakeholders and engaging in dialogue with them is essential in the conduct of our business activities.

 
 
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Ardian Infrastructure and Crédit Agricole Assurances Acquire VINCI’s Stakein Indigo

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VINCI | Ardian Infrastructure
Contact: Paul-Alexis Bouquet - VINCI.com 
+33(0)1 47 16 31 82 paul-alexis.bouquet[.]vinci.com
 
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