Saba Infraestructuras Acquisition & Valuation

Saba Infraestructuras was acquired by Interparking for $762M in October 2024.

Saba Infraestructuras acquisition price

$762M

Acquired by Interparking · Oct 2024

Key investors in Saba Infraestructuras

Saba Infraestructuras Overview

About Saba Infraestructuras

Saba Infraestructuras is a Spanish operator of car parks and urban parking services headquartered in Barcelona. Its parking business dates to 1966, while the Saba Infraestructuras group was created in 2011 through the separation of Abertis’s parking and logistics activities. The company manages parking facilities through concessions, owned sites, leases and management contracts for public and private clients. Drivers use its facilities in city centres, transport hubs, hospitals and other destinations, generating parking fees and related service revenue. Saba also historically managed logistics parks, progressively selling that portfolio to concentrate resources on parking operations. During 2015, the group operated in Spain, Italy, Portugal, Chile, France and Andorra and expanded through the purchase of Portuguese parking operator CPE. Its business combines day-to-day facility management, customer service, payment systems and investment in the operation and modernisation of parking infrastructure.


Founded

1966

HQ

SpainBarcelona

Website

saba.eu

Status

Acquired

Customer focus

B2B & B2C & B2G

Revenue model

Services, Leasing & Rental Services

Valuation

$28M (Jun 2012)

Saba Infraestructuras Acquisition

Saba Infraestructuras was acquired by Interparking for $762M on 16 October 2024.

Saba Infraestructuras, a Spanish parking operator founded in 1966, manages over 350,000 parking spaces across nine countries including Spain, Italy, Portugal, Chile, and Andorra, focusing on city centers, transportation hubs, hospitals, and commercial areas. Interparking, a Belgian parking operator headquartered in Brussels with majority ownership by AG Real Estate (part of AG Insurance/Ageas), alongside APG and family founders, agreed on October 16, 2024, to integrate Saba into the Interparking Group following negotiations since November 2022. CriteriaCaixa, holding 99.52% of Saba, reached the merger agreement with Interparking's shareholders, with the European Commission approving the transaction on Monday prior to finalization, citing no competition concerns. The deal structures Saba's integration into Interparking, which remains headquartered in Brussels with a Barcelona regional hub and AG as majority controlling shareholder alongside APG and CriteriaCaixa; AG and APG committed additional capital for growth. The combined entity operates over 2,000 car parks with nearly 800,000 parking spaces and 8,000 electric charging points across 16 countries in Europe and Latin America (marking Interparking's South American entry), employing 4,000 people in 600 cities. Transaction closed effective October 1, 2025, after antitrust clearance, retaining Interparking and Saba local brands. Strategic rationale centers on creating a pan-European urban mobility leader to leverage synergies, invest in innovative technologies like EV infrastructure and intermodality, address urban pollution, and capitalize on mobility trends; executives from AG, APG, and CriteriaCaixa emphasized long-term industrial development, sustainability, and operational scale in a competitive sector.

Saba Infraestructuras acquisition details
AcquirerDateTypePrice
  • Interparking
16 Oct 2024Strategic M&A$762M

Saba Infraestructuras Valuation

Saba Infraestructuras is currently valued at $28M, based on its secondary sale in June 2012. Read the announcement ↗

The round included KKR.

Saba Infraestructuras' valuation has moved from $68M at its secondary sale in November 2011 to $28M in June 2012, across 2 priced rounds.

Saba Infraestructuras valuation by funding round

Saba Infraestructuras valuation by funding round
DateStageValuation
Jun 2012Secondary$28M
Nov 2011Secondary$68M

Saba Infraestructuras Funding History

Saba Infraestructuras has 2 recorded secondary share sales and no primary funding rounds.

Saba Infraestructuras funding rounds
DateStageInvestorsValuationDeal Summary
Jun 2012SecondaryKKR$28MKKR acquired an additional 5.66% interest in Saba Infraestructuras from Criteria CaixaHolding during June 2012. La Caixa’s interim financial statements report consideration of EUR 22.6 million and state that its ownership declined from 55.76% to 50.10% without losing control of Saba. The additional purchase brought KKR’s interest to approximately 18.2%, following its initial entry in late 2011. Saba operated parking infrastructure and logistics parks, using concession, ownership, lease and management arrangements across several countries. The disclosed amount is the price for the additional minority interest and is not extrapolated into an unsupported enterprise value. KKR remained invested in Saba after the transaction.
Nov 2011SecondaryKKR$68MKKR acquired an approximately 12.5% interest in Saba Infraestructuras from existing shareholders in a transaction reported on November 18, 2011 following a company announcement. The sellers included La Caixa, Torreal and ProA Capital, with La Caixa retaining the largest shareholding. Contemporary reporting valued KKR’s acquired interest at approximately EUR 50 million, based on Saba’s stated EUR 400 million equity base; the amount is therefore identified as the reported stake value rather than a whole-company enterprise valuation. Saba had been created through the separation of Abertis’s parking and logistics businesses earlier that year. Its operations comprised approximately 130,000 parking spaces across eighty cities and a portfolio of logistics parks. KKR invested through its infrastructure strategy and became the company’s third-largest shareholder. The transaction represents the initial KKR entry and is separate from its additional stake purchase in June 2012.

Who has invested in Saba Infraestructuras?

1 investor has backed Saba Infraestructuras across its funding rounds, including KKR.


Saba Infraestructuras Investors

Investors in Saba Infraestructuras by funding rounds participated
InvestorHQRoundsRoleFirst check

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Benchmark 350K+ Funding Rounds and Disclosed VC Valuation Multiples

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Acquisitions by Saba Infraestructuras

Saba Infraestructuras has acquired 4 companies to date.

Last acquisition by Saba Infraestructuras was on December 1st 2015. Saba Infraestructuras acquired CPE Companhia de Parques de Estacionamento for $27M.


Latest Acquisitions by Saba Infraestructuras

CPE Companhia de Parques de Estacionamento
Parc Logístic de la Zona Franca
Saba Aparcamientos de Levante
Barcelona d’Aparcaments Municipals
Description
CPE Companhia de Parques de Estacionamento is a Portuguese parking operator within the Saba group. The company manages car parks through concession arrangements and provides parking services to drivers in Portuguese cities. At its acquisition by Saba in December 2015, its portfolio comprised nineteen car parks and approximately nine thousand nine hundred parking spaces. Its network included facilities in Lisbon and Porto as well as other cities, strengthening the buyer’s geographical coverage and concession portfolio. Revenue comes from parking charges and related services delivered through the managed facilities. Saba described CPE as Portugal’s fourth-largest private parking company by revenue and parking capacity at the time of the acquisition. The business became wholly owned by Saba and is listed in the group’s corporate structure with its registered address in Porto.
Parc Logístic de la Zona Franca is a logistics and business park company in Barcelona. It manages an industrial-property perimeter developed with the participation of Saba and the Consorci de la Zona Franca, providing warehouse and business accommodation to commercial occupiers. Its tenants use the facilities for logistics operations, storage and distribution, with rental income supporting the property business. The park’s location connects tenants with the Barcelona metropolitan market and the surrounding port and transport infrastructure. Saba’s 2014 report described a new lease of approximately 19,499 square metres to coffee and cocoa logistics company Molenbergnatie, bringing occupancy to eighty-eight percent. Following a December 2014 ownership transaction, Saba held seventy-five percent and the Consorci retained twenty-five percent. The park is a distinct property venture within Saba’s historical logistics activities and is separate from CILSA’s port-concession business.
Saba Aparcamientos de Levante is the historical Spanish parking subsidiary referred to in Saba’s annual report as Saba Levante. Its operating perimeter comprised the Puerta Morera and Traspalacio car parks in Elche, in the province of Alicante. The business provided managed parking accommodation to motorists and earned revenue from use of its facilities. It formed part of Saba’s wider network of parking operations, which included concession, ownership, rental and management arrangements across several countries. Saba consolidated full ownership of the subsidiary in December 2014 as part of a review of its corporate holdings. The legal entity was registered in Barcelona and was subsequently absorbed into Saba Aparcamientos through a merger approved in June 2015. This profile represents the historical two-car-park subsidiary, with its operational activity in Elche distinguished from the registered office of the corporate entity.
Barcelona d’Aparcaments Municipals, known as BAMSA, is a Spanish public-private parking operator serving Barcelona. The company was established by the city council to manage a defined network of municipal car parks through a long-term operating arrangement. Saba acquired sixty percent of the company in 2014, while the municipal side retained the remaining forty percent. The original programme covered twenty-six car parks with approximately twelve thousand five hundred parking spaces and a twenty-five-year concession period. BAMSA provides parking facilities and related services to drivers, generating revenue through parking charges and associated customer services. Its operating programme included investment in payment technology, vehicle guidance, lighting, signage and facility maintenance. The business forms part of Saba’s parking operations and is headquartered at the group’s Barcelona address.
HQ CountryPortugalSpainSpainSpain
HQ City
Porto
Barcelona
Barcelona
Barcelona
Deal Date1 Dec 20158 Dec 20141 Dec 201425 Jul 2014
Valuation$27Mundisclosedundisclosed$312M
EV/Revenue
EV/EBITDA

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Saba Infraestructuras Competitors

Saba Infraestructuras competitors include listed companies like Shoucheng Holdings and Carmila, and private ones like Table Space, Shanghai Taomao, HqO and SILA Group.

Public and private companies comparable to Saba Infraestructuras
CompanyHQStatusRevenueEBITDAValuationRevenue Multiple
Table SpaceIndiaBangalorePrivate$83M-$550M6.6x
Shoucheng HoldingsChinaChinaPublicly listed$183M$79M$1.2B5.2x
Shanghai TaomaoChinaChinaPrivate--$1.3B-
HqOUnited StatesBoston, MAPrivate--$300M-
SILA GroupIndiaMumbaiPrivate$190M-$250M1.3x
CarmilaFranceFrancePublicly listed$610M$318M$2.4B10.8x

Saba Infraestructuras Public Comps

Saba Infraestructuras is no longer listed, but its public comps include Dine, Slate Grocery REIT, Hangzhou Jiebai Group, Fundamenta Real Estate, GAG Immobilien, Summit Real Estate Group, Morguard, Alliances Developpement, Dexterra Group and Empire State Realty Trust.

Last FYEV/RevenueEV/EBITDA
RevenueEBITDALast FYLTM2027ELast FYLTM2027E
Dine$159M$30M5.5x-29.2x-
Slate Grocery REIT$213M$129M10.5x-17.3x-
Hangzhou Jiebai Group$255M$99M1.3x-3.3x-
Fundamenta Real Estate$52M-28.7x22.2x--
GAG Immobilien$522M$194M6.9x-18.6x-
Summit Real Estate Group$277M$233M8.0x-9.5x-
Morguard$790M$339M6.4x6.7x15.0x14.1x
Alliances Developpement$249M$59M3.9x3.4x16.5x14.0x

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Common questions about Saba Infraestructuras

When was Saba Infraestructuras founded?Saba Infraestructuras was founded in 1966.
Where is Saba Infraestructuras headquartered?Saba Infraestructuras is headquartered in Barcelona, Spain.
Is Saba Infraestructuras publicly listed?No, Saba Infraestructuras was acquired by Interparking in October 2024.
Who acquired Saba Infraestructuras?Saba Infraestructuras was acquired by Interparking in October 2024.
How much was Saba Infraestructuras acquired for?Saba Infraestructuras was acquired for $762M in October 2024.
What is Saba Infraestructuras' valuation?Saba Infraestructuras was last valued at $28M in its secondary sale in June 2012.
Who are Saba Infraestructuras' investors?Saba Infraestructuras' investors include KKR.
Which companies are comparable to Saba Infraestructuras?Companies comparable to Saba Infraestructuras include Table Space, Shoucheng Holdings, Shanghai Taomao, HqO, SILA Group and Carmila.
How many companies has Saba Infraestructuras acquired?Saba Infraestructuras has acquired 4 companies, including CPE Companhia de Parques de Estacionamento, Parc Logístic de la Zona Franca, Saba Aparcamientos de Levante and Barcelona d’Aparcaments Municipals.
What was the largest acquisition by Saba Infraestructuras?The $312M acquisition of Barcelona d’Aparcaments Municipals in July 2014 is the largest acquisition Saba Infraestructuras has made to date.

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