AG Insurance and its real estate subsidiary AG Real Estate announce the arrival of three new co-shareholders in Interparking – Northleaf, Hedera and TINC/Infravest – following the syndication of a minority part of their stake in the leading European parking provider.
These three investors will become co-shareholders in a newly created company (AG Real Estate Car Park SA) which will regroup the stakes in Interparking historically owned by AG Insurance and AG Real Estate (together “AG”). This new company is majority-owned by AG, with funds managed by Northleaf Capital Partners, Hedera and TINC/Infravest each holding a minority stake.
Following the transaction, AG Real Estate Car Park will remain the majority shareholder of Interparking, with the remaining shares in Interparking owned by APG Asset Management and CriteriaCaixa. This structure ensures that AG retains exclusive control of AG Real Estate Car Park and therefore also of Interparking.
AG, together with the new and existing shareholders, will continue to support the stability and growth prospects of Interparking, which enters a new and significant chapter in its nearly 70-year history following the recent acquisition of Saba. This alliance has created a leading pan-European player in the public parking sector, now present in 16 countries and operating more than 2,000 car parks, representing nearly 800,000 spaces.
Heidi Delobelle, CEO of AG:
“As an insurer, AG aims for active yet prudent management of its investment portfolio, always ensuring optimal diversification across sectors, regions and financial instruments. This approach allows us to sustainably balance risk and return and to honor our long-term commitments to our clients. The syndication of our shares in Interparking is part of this thoughtful strategy, enabling us to further optimize our portfolio, while bringing strong shareholders into Interparking.”
Serge Fautré, CEO of AG Real Estate:
“AG Real Estate is proud to finalize this syndication following up on the acquisition of Saba, which reflects our commitment to strengthening a solid and sustainable shareholder base. This transaction aligns with our strategy of portfolio optimization and diversification, focusing on assets that generate stable and recurring income. Beyond the parking industry, we reaffirm our commitment to long-term investments by combining economic performance with responsible vision. Interparking fits perfectly into this approach, offering solutions to address mobility challenges in major European cities. We are proud, together with Interparking’s management, to support the future of a group with Belgian anchorage.”
Roderick Gadsby, Managing Director & Head of European Infrastructure of Northleaf: “Interparking is an excellent fit with Northleaf’s infrastructure investment strategy and complements our broader portfolio of high-quality, mid-market infrastructure assets in select OECD countries. This investment provides our investors exposure to stable, predictable cash flows in an attractive sector. We are pleased to expand our presence in the transportation sector in Europe and to support Interparking and its leading pan-European portfolio.”
Alberto Fernandez Fernandez, Chairman of the Management Committee of Hedera:
“Hedera has been entrusted with securing the long-term financing of our country’s nuclear liabilities, ensuring that this financial burden will not fall on future generations. Fulfilling this mandate requires to build a resilient portfolio of strategic assets capable of delivering stable and predictable returns over several decades. Interparking’s essential infrastructure, strong Belgian and European footprint and commitment to sustainable mobility make it precisely the type of long-term, future-proof investment that enables Hedera to carry out its public mission in the interest of generations to come.”
Manu Vandenbulcke, CEO of TINC:
“This investment provides TINC with access to long-term cash flows in a sector that is a key contributor in the transition toward smart and sustainable mobility solutions. TINC made its first entry into the car park sector in 2012 with the acquisition of the Eemplein car park in the Netherlands, which remains part of our portfolio today. With this investment in Interparking, complemented by our reference shareholder Infravest, we are seizing the opportunity to further increase our exposure to the sector. Interparking has demonstrated consistent growth under the stewardship of AG Insurance and AG Real Estate, and hence we are pleased to join a strong and supportive group of shareholders”
In connection with this transaction, AG Insurance and AG Real Estate were advised by Rothschild & Co and BNP Paribas, and by Cleary Gottlieb. Northleaf was advised by Jefferies and Sidley Austin. Hedera was advised by SFPIM, Liedekerke and Eubelius. TINC and Infravest were advised by ABN AMRO and Freshfields.
The completion of this transaction is expected in December 2025. Financial details of the transaction will not be disclosed.
