CVC DIF to acquire iPark and scale Iberian parking infrastructure.

CVC DIF, the infrastructure arm tied to CVC Capital Partners, has agreed to buy Spanish‑and‑Portuguese parking operator iPark from Elliott Investment Management. The deal, to be executed through DIF Infrastructure VIII, positions CVC DIF to accelerate iPark’s next growth phase across Iberia.

iPark runs a diversified portfolio of more than 30,000 off‑street parking spaces across over 80 facilities concentrated in urban centres, hospitals and transport hubs. The asset mix gives the platform predictable, concession‑like cash flows and multiple avenues to lift revenue through digital services and operational improvements.

CVC DIF said the acquisition complements its strategy of owning essential urban infrastructure with long‑term, high‑visibility cash flows. The investor highlighted opportunities to scale iPark via buy‑and‑build, enhance pricing and occupancy management, and roll out digital payments and loyalty technology that can increase revenue per space.

Tom Goossens, Partner at CVC DIF, described iPark as a “high‑quality, diversified infrastructure platform with strong growth potential.” He added that the business fits CVC DIF’s focus on assets that underpin urban mobility and economic activity, and that the team will work with iPark’s management to pursue acquisitions and operational modernisation.

Juan Manuel Mogarra, Founder and CEO of iPark, welcomed the backing from CVC DIF, saying the partnership will help accelerate expansion across Spain and Portugal while retaining focus on service quality for cities and customers. Paul Best of Elliott Investment Management noted that Elliott had supported iPark’s scaling and wished the company success under its new owners.

Regulatory approvals are expected before closing, which the parties say should occur in 2026 subject to customary conditions. Advisors to the transaction were disclosed by both sides; the strategic rationale emphasises consolidation in a fragmented sector and the resilience of parking cash flows as urban mobility evolves.

Market context: off‑street parking platforms in Europe increasingly attract infrastructure capital because they combine recurring income, long contracts with public and private counterparties, and scope for revenue enhancement through digitalisation. For investors, portfolios of tens of thousands of spaces—such as iPark’s >30,000—offer scale economies and data that can drive yield improvement. The deal underscores a broader trend of private infrastructure funds targeting urban mobility assets across the continent.