Rautenberg & Company advises Q-Park BV (NL) on the acquisition of Tazbell Services Group (IRL).

Our team advised Q-Park BV, a portfolio company of KKR, on the acquisition of Tazbell Services Group DAC through Q-Park Ireland Ltd. While the signing of the transaction already took place in July 2022, it has now cleared the cartel process.

Q-Park is one of the leading European companies in providing sustainable mobility solutions and seamless parking services. With revenues of EUR 729 million in 2022, over 677,000 parking spaces in more than 3,460 car parks and locations in seven West European countries, Q-Park is well known as a quality parking partner and has a strong and recognisable brand.

Through steady growth, the company has very quickly become one of the market leaders in the Netherlands, Belgium, the UK, France, Germany and Denmark. With this acquisition, the company will strengthen its footprint in the Irish market.

Tazbell Services Group is a leading parking management firm in Ireland and is best known to the public for its car park company Park Rite. Tazbell is one of the largest commercial car park operators in Ireland with a diverse client base including retailers, financial institutions, real estate investment trusts, private investors, hospitals and local authorities. Tazbell Services operates 20 off-street parking locations and manages more than 50,000 on-street parking spaces across Ireland. In addition, the Group operates two motorway toll collection stations in the suburban areas of Dublin.

Our team supported Q-Park in the acquisition process as buy-side M&A advisor and lead the transaction up to its successful closing.