Ardian, a world-leading private investment house, and Indigo Group, a global player in parking and urban mobility, announced the creation of Clermont, a new Canadian joint venture formed to invest in parking assets.
As part of the partnership, Indigo contributed its Canadian-owned properties to Clermont while retaining the operations for each of the properties through Indigo Park Canada. In turn, Ardian will support Clermont’s digitization and sustainability efforts to drive value creation.
Ardian and Indigo will invest additional long-term capital in acquiring parking assets, concessions, and long-term leases, with Indigo responsible for managing the operations of these assets.
The newly formed company, Clermont, will be led by industry veteran, CEO Gordon Craig, who has nearly 30 years of experience in the parking industry, previously serving as the President of Canadian operations and COO of North America for Imperial Parking (Impark). The partnership between Ardian and Indigo represents the continuation of a long-standing and successful collaboration between the two companies which began in 2014.
This transaction was carried out through the Ardian Americas Infrastructure Fund V (AAIF V) and is a complement to Ardian's existing infrastructure portfolio in the Americas.
A Fasken team composed of Antonella Penta, Elias Retsinas, Amrick Bansal, Félix Gutierrez, Andrew Haikal, Allison MacInnis, Diana Sciortino, Frank Huang, Marwan El-Sayegh and Michael Griffin advised Ardian in this joint venture.
Jurisdictions
- Europe
- Canada
