CVC DIF to Acquire iPark

CVC DIF, the infrastructure investment arm of global private equity firm CVC Capital Partners, has reached an agreement to acquire iPark from Elliott Investment Management. The acquisition will be completed via the DIF Infrastructure VIII fund.

iPark operates a large and diversified parking platform across Spain and Portugal, managing more than 30,000 off-street parking spaces spread over 80+ locations. Its portfolio includes assets at hospitals, transport-related sites, and other high-demand locations.

The investment is intended to support iPark’s next growth phase, reinforcing its buy-and-build strategy across key Iberian markets. Alongside expansion, the focus will remain on improving operational performance and advancing digital capabilities.

The transaction fits well with CVC DIF’s long-standing investment approach, which targets essential infrastructure assets that deliver stable, long-term cash flows and play a vital role in Europe’s mobility and economic ecosystems.

Completion of the deal is expected in 2026, subject to standard regulatory approvals. Elliott Investment Management was advised by DC Advisory and Eversheds, while CVC DIF received financial and legal advice from RBC Capital Markets and Uría & Menéndez.