Vinci Park: 75% acquisition by Ardian and Crédit Agricole Assurances for enterprise value of EUR 1.96bn finalised
Less than four months after they began exclusive talks, Ardian, Crédit Agricole Assurances and VINCI have finalised the creation of a company that will own 100% of VINCI Park's share capital.
Ardian (through its infrastructure business) will hold 37.5% of the new company, Crédit Agricole Assurances (through its subsidiary Predica) 37.5% and VINCI Concessions 25%. Within the next few weeks, management and employees will also be offered an opportunity to acquire an interest in the new company.
The operation is based on a VINCI Park enterprise value of EUR 1.96bn. The financial structure of the transaction will make it possible to refinance most of VINCI Park's debt.
Ardian, Crédit Agricole Assurances and VINCI plan to continue to support VINCI Park's growth, working with current management. The move is aimed at increasing the company's presence in high-growth markets such as North America, Latin America and Asia, while maintaining its leadership positions in France and other European countries.
The transaction has been finalised after consultation with employee representative bodies and approval by the relevant competition authorities.