Infrastructure fund manager CVC DIF is acquiring Iberian parking infrastructure platform iPark from Elliott Investment Management.
iPark owns and operates more than 30,000 parking spaces across over 80 facilities in Spain and Portugal.
It did not disclose the price, but CVC DIF said it intends to support iPark’s next phase of growth across Iberia, while continuing to improve its operations.
The investment will be made through the DIF Infrastructure VIII fund.
Tom Goossens, partner at CVC DIF, said: “iPark is a high-quality, essential and highly diversified infrastructure platform with a strong market position and clear growth potential. Off-street parking plays a vital role in urban mobility and iPark is well positioned to further strengthen its leadership in this segment. Its diversified portfolio, long-term contracts and experienced management team make it an excellent fit for CVC DIF’s investment strategy.”
Juan Manuel Mogarra, founder and CEO of iPark, added: “CVC DIF is a highly experienced infrastructure investor with a deep understanding of long-term, essential assets. Their support will enable iPark to accelerate its growth strategy while continuing to deliver high-quality services to cities, partners and customers across Spain and Portugal.”
Paul Best, senior managing director and head of European private equity at Elliott Investment Management, said: “This transaction is a reflection of iPark’s market-leading position and potential for further growth. We are proud to have supported iPark as it expanded and diversified its portfolio and scaled its platform across Iberia.”
The transaction is expected to close in 2026, subject to customary regulatory approvals.
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