Deals
Parking Operator Indigo Said to Draw Chinese, Buyout Funds
- Ardian, Credit Agricole unit said to seek 4 billion euros
- Macquarie, CKI and KKR said to be among potential bidders
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The owners of French parking lot operator Indigo started a sale process this week, sending information out to potential bidders in China, as well as infrastructure and private equity firms, according to people familiar with the matter.
Ardian SAS and Predica, an arm of Credit Agricole SA, are aiming to fetch about 4 billion euros ($4.3 billion) for the asset, the people said, asking not to be identified because talks are private. The price is based on a valuation of 13 to 14 times Indigo’s earnings, one of the people said.