BTG Drives Into Brazil Parking

BTG has taken a 50% stake in Estapar, the Brazilian parking facility management services company, for an undisclosed sum. “The partnership gives Estapar access to capital, as well as BTG’s financial and management capabilities, thereby allowing Estapar to further increase its market leadership in the parking segment and accelerate its transition from a family managed to a professionally run business,” says the acquirer. The stake was purchased for the BTG Gestora de Recursos’ private equity fund. Helio Cerqueira, Estapar’s founder and largest shareholder, says the deal was done in-house and he declines to state the value. Estapar manages 629 parking lots in 10 Brazilian states and claims to have a 10% share of the car park market in Sao Paulo. BTG declines to comment on the size of the investment.