De Brauw has advised Parkmobile in the sale of their interest to co-shareholder BMW Group.

Client name
Walvis Group.

Other parties involved
BMW Group, Parkmobile International, BCD, Bluefield Investments, Fontinalis Partners, Urban Mobility.

Nature of transaction
We acted for the minority shareholders in Parkmobile (a provider of parking solutions) in the sale of their interest to co-shareholder BMW Group. BMW Group had been a shareholder of the US activities of Parkmobile since 2014. As a result of the transaction BMW Group acquired a 100% interest in the company.

Value of transaction
Undisclosed but more than EUR 5 mil.

De Brauw involvement
Lead counsel.

Other advisors
Norton Rose Fulbright LLP.

De Brauw lead partner
Ton Schutte.

De Brauw team
Ton Schutte, Bart van Reeken, Joel Erwteman, Ingeborg Struijkenkamp.