Macquarie European Infrastructure Fund 5 agrees to acquire 100 per cent of Empark

London/Madrid, 28 Jul 2017

Macquarie European Infrastructure Fund 5 (MEIF5), which is managed by Macquarie Infrastructure and Real Assets (MIRA), announces that it has entered into binding agreements to acquire 100 per cent of Empark Aparcamientos y Servicios S.A. (Empark) - the leading carpark operator in the Iberian Peninsula.

MEIF5 will become the sole shareholder in Empark, which operates an Iberianfocused, geographically diversified portfolio with three business units covering over 535,000 parking spaces and 180 municipalities in six countries. The majority of Empark’s operations are in Spain and Portugal, but it also has a limited presence in Andorra, France, Turkey and the United Kingdom.

Martin Stanley, Global Head of Macquarie Infrastructure and Real Assets said: “Empark is a quality concession business in growing economies, benefiting from attractive inflation linked returns and strong cash flow visibility. We look forward to working with Empark and its management team, leveraging MIRA’s significant sector knowledge and growing presence in the Iberian region and exploring growth opportunities within the parking sector.”

Terms of the acquisition have not been disclosed.

Completion of the acquisition is expected in the fourth quarter of 2017.

For more information, please contact:

Elizabeth Cox
Corporate Communications, Macquarie Group
+44 20 3037 2825
elizabeth.cox@macquarie.com  

Victoria Mundell
Corporate Communications, Macquarie Group
+44 20 3037 2031
victoria.mundell@macquarie.com 

About Macquarie Infrastructure and Real Assets (MIRA)

MIRA is part of Macquarie Asset Management Group, the asset management arm of Macquarie Group, a diversified financial group providing clients with asset management, banking, advisory and risk and capital solutions across debt, equity and commodities. Founded in 1969, Macquarie Group employs 13,597 people in 27 countries. As at 31 March 2017, Macquarie had assets under management of £294 billion

MIRA pioneered infrastructure as a new asset class for institutional investors. For more than 20 years it has been investing in and managing the assets that people use every day - extending beyond Infrastructure to Real Estate, Agriculture and Energy. MIRA’s dedicated operational and financial experts work where MIRA’s funds invest and the portfolio companies operate. They are part of a global team which helps clients to see across the regions and deep into local markets.

As at 31 March 2017, MIRA has assets under management of more than €110.4 billion invested in 129 portfolio businesses, ~300 properties and 4.5 million hectares of farmland.

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