Ashurst advised Intermediate Capital Group Plc (ICG) on the sale of the Parkeon group to Astorg Partners.

The Parkeon group is the global leader in the sector of parking management solutions and digital urban mobility. As a result of the transaction, the Astorg Partners investment fund owns a majority shareholding in the Parkeon group; the balance is owned by the management.

The transaction was completed on 15th April 2016.

The Ashurst Paris team was composed of corporate partner, Guy Benda and associates, Pauline Laredo and Simon Dievart; finance partner, Laurent Mabilat and associate, Margaux Baratte; tax partner, Nadine Gelli; competition partner, Michael Cousin; and employment counsel, Nataline Fleury.