15 May 2019

Hammarskiöld advises Q-Park Holdings/KKR on the divestment of Q-park Nordics to Sumitomo Corporation

Hammarskiöld acted as Swedish legal adviser to Q-Park Holdings B. V. (which is under management of the infrastructure team of U.S. investment fund Kohlberg Kravis Roberts & Co.) in its divestment of Q-Park Nordics to Sumitomo Corporation.

Q-Park Nordics is the largest provider of parking facilities in Sweden, Norway and Finland with about 20% market share in these respective countries, operating about 370,000 parking lots. Q-Park Nordics has a strong customer base held by securing parking space concentrated in highly convenient metropolitan areas in each of the three countries. In addition to the traditional operation of parking facilities, Q-Park Nordics is active in introducing new services such as EV charging equipment, car maintenance, tire replacement, home delivery lockers, and cashless app payment options.
The deal allows KKR to retain Q-Park operations outside the Nordic region.
Hammarskiöld’s team consisted primarily of:
Erik Fahlgren (Partner)
Evelina Olsson (Senior Associate)
Fredrik Osvald (Associate)
Johan Löfquist (Associate)