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Closing: Macquarie Asset Management Minority Investment in Best in Parking Now Closed

Closing: Macquarie Asset Management Minority Investment in Best in Parking Now Closed

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On August 14, 2023, Binder Groesswang announced that Macquarie Asset Management's acquisition of a significant minority stake in Best in Parking AG (reported by CEE Legal Matters on May 10, 2023) had closed.

The buyer is the Macquarie European Infrastructure Fund 7. Best in Parking is a developer, owner, and operator of parking and mobility infrastructure. Headquartered in Vienna, the company is active across Austria, Italy, Croatia, Switzerland, Slovakia, Slovenia, and other markets in the Balkans. It operates approximately 87,000 parking spaces in 40 cities.

As previously reported, CMS advised Best in Parking and its majority shareholder Breiteneder Immobilien Parking. Binder Groesswang worked with Linklaters to advise MAM.

According to Binder Groesswang, together with Macquarie Asset Management, Best in Parking aims to further expand its growth course in Central and South-Eastern Europe and "to transform from a pure parking operator to a pioneer for 'Smart & Climate Active Cities'." Additionally, the company intends to scale its electric vehicle charging access points from around 470 today to 1,000 by 2025.

The Binder Groesswang team was led by Partner Florian Khol and Senior Associate Philipp Tagwerker and included Partners Markus Uitz, Clemens Willvonseder, Emanuel Welten, Ivo Rungg, Horst Lukanec, Johannes Barbist, Stefan Frank, and Christine Dietz, Counsels Alexander Kramer and Hellmut Buchroithner, Attorneys at Law Mathias Drescher and Sabine Apfl-Trompeter, and Associates Lisa Jost, David Steininger, Larissa Wagner, Valentina Hekele, Sung-Hyek Hong, Gerald Sammer, Florian Defrancesco, Magdalena Schachinger, Raphael Dorda, Armin Nimmrichter, and Max Danzinger.

The CMS team included Austria-based Partners Martin Zuffer, Philipp Mark, Walter Gapp, Alexander Rakosi, Clemens Grossmayer, Dieter Zandler, Stefan Paulmayer, Johannes Hysek, Hans Lederer, Oliver Werner, and Sibylle Novak, Of Counsel Sixtus Kraus, Senior Associate David Kohl, Associates Shivam Subhash, Anna-Maria Kohlweg, Maximilian Uidl, and Vera Mitteregger, and Lawyers Vanessa Horaceck, Mariella Kapoun, Marlene Wimmer-Nistelberger, and Daniela Kroemer; Slovenia-based Partner Dunja Jandl, Counsel Irena Sik Bukovnik, Associate Sara Mernik, and Lawyer Maja Sipek; Croatia-based Partners Ana-Marija Skoko, Sandra Lisac, Marija Zrno Prosic, Marija Musec, Tamara Jelic Kazic, and Mia Kalajdzic, Senior Associates Antonija Kanjer and Karmen Sinozic, Associate Luka Abrlic, and Lawyers Ana Koceic, Mirta Klaic, and Vedrana Vuckovic; as well as further team members in Italy.

Linklaters' team included lawyers in the UK, Italy, and Germany.

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CMS Sofia is a full-service law firm, the largest international law firm in Bulgaria and one of the largest providers of legal services in the local market as a whole. The breadth and depth of our practice means that our lawyers are specialised, with a level of specialisation that few of our competitors can match.

CMS Sofia is the Bulgarian branch of CMS, a top ten global legal and tax services provider with over 5000 lawyers in 43 countries and 78 offices across the world.

CMS entered the Bulgarian market as one of the first internationally active law firms in 2005 and is now among the most respected legal advisors in the country. We have 7 partners, 4 counsel and over 30 lawyers in our office in Sofia.

Our legal experts, who are rooted in Bulgaria’s local culture, can also draw on years of experience in foreign countries and are at home in several legal systems at once. We know the particularities of the local market just as well as the needs of our clients and combine both to achieve optimum solutions. Our lawyers are Bulgarian qualified and we also have English qualified experts – all of them regularly working on cross-border mandates.

In our work, we focus on M&A, Energy, Projects and Construction, Banking and Finance, Real Estate, Media, IP and IT law, Tax, Employment law, Competition, Procurement and any kind of Dispute resolution, including arbitration and mediation. What’s more, we also take care of the entire legal management of our clients’ projects.

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