APCOA Issues €125 Million in High Yield Notes
Deal News | Jul 23, 2025 | Proskauer Rose (UK) LLP
Proskauer Rose (UK) LLP has announced their advisory role in a recent €125 million high yield notes issuance by APCOA Group GmbH, a prominent European parking infrastructure operator. The issuance was a follow-on private placement of 6.00% Senior Secured Notes, building on an original issuance in late 2024 of €685 million high yield fixed and floating rate notes, for which Proskauer also represented the financing sources. APCOA is primarily owned by funds managed by Strategic Value Partners (SVP), a private equity firm. The transaction showcases Proskauer's capabilities in advising complex financial transactions and the firm's prowess across various industries and geographies. The Proskauer team, led by partner Jake Keaveny and including other key legal experts, underscores the firm's integrated approach across global financial centers.
Sectors
- Legal Services
- Parking and Infrastructure
- Finance
Geography
- United Kingdom – Proskauer Rose (UK) LLP is based in London, reflecting the prominent role of UK-based legal services.
- Europe – APCOA Group GmbH operates within Europe, emphasizing its regional impact on parking infrastructure.
Industry
- Legal Services – Proskauer Rose LLP is a law firm providing legal advisory services for complex financial transactions.
- Parking and Infrastructure – APCOA Group GmbH operates as a leading European parking infrastructure company.
- Finance – The article discusses a high yield notes issuance, a financial transaction involving significant capital movement and advisory expertise.
Financials
- €125 million – The amount of high yield notes issued by APCOA Group GmbH.
- 6.00% – Interest rate on the Senior Secured Notes issued.
- €685 million – The original issuance of high yield fixed and floating rate notes by APCOA in 2024.
- €110 million – Amount related to the amendment and restatement of APCOA's revolving credit facility.
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Proskauer Rose (UK) LLP | Legal Advisor | Company | A leading international law firm advising on the high yield notes issuance. |
| APCOA Group GmbH | Issuer | Company | A leading European parking infrastructure operator. |
| Strategic Value Partners | Owner | Company | The private equity firm managing funds that own APCOA Group GmbH. |
| Jake Keaveny | Partner | Person | Led the Proskauer team advising on the transaction. |