Ashurst advises Park24 and Development Bank of Japan on acquisition of National Car Parks
Ashurst advised Japanese parking operator Park24 Co., Ltd. ("Park24") and the Development Bank of Japan ("DBJ") on the £312 million acquisition of National Car Parks Limited ("NCP") from Macquarie European Infrastructure Fund II which completed on 3 August.
Following the acquisition, Park24 now operates parking spaces for about 1.2 million cars in eight countries. National Car Parks was founded in 1931 in London and currently operates approximately 500 parking lots for 150,000 spaces in the UK.