August 21, 2014 6:59 PM ET

Commercial Services and Supplies

Company Overview of Q-Park NV

Company Overview

Q-Park NV owns, operates, rents, leases, and manages parking facilities. The company focuses on property value development by providing parking services in purpose built parking facilities and off-street parking at strategic locations. Its investment property and operating activities concentrate on inner city multifunctional parking at public transport interchanges and on parking at hospitals. The company has parking facilities and spaces in the Netherlands, Germany, Belgium, Great Britain, France, Ireland, Denmark, Sweden, Norway, and Finland. Q-Park NV was founded in 1998 and is based in Maastricht, the Netherlands.

Stationsplein 8-E

Maastricht,  6221 BT

Netherlands

Founded in 1998

Phone:

31 43 329 7171

Fax:

31 43 321 0794

Key Executives for Q-Park NV

Chairman of The Executive Board and Chief Executive Officer
Age: 52
Chief Financial Officer
Chief Operating Officer and Member of Group Executive Board
Age: 53
Member of Executive Board
Age: 59
Corporate Director of Marketing
Compensation as of Fiscal Year 2014.

Q-Park NV Key Developments

Pricoa Mortgage Capital Provides EUR 240 Million of Financing to Q-Park

Pricoa Mortgage Capital has provided EUR 240 million of financing to Q-Park, secured against a portfolio of 13 Dutch structured parking facilities. The deal, which funded in October, represents Pricoa Mortgage Capital's second mortgage loan in continental Europe since launching its European business in 2012. Pricoa Mortgage Capital is among the largest commercial mortgage lenders in the US and is the commercial mortgage lending business of Prudential Financial, which is headquartered in the US. The EUR 240 million (USD 324 million) loan has a five-year term and is predominantly fixed rate, though it includes a small floating rate component. It follows Pricoa Mortgage Capital's first transaction in continental Europe in April 2013, when it provided EUR 55.5 million of a total EUR 70.5 million financing package secured against a portfolio of six Dutch logistics properties owned by W.P. Carey, a US-based publically traded REIT.

Q-Park Announces Earnings Results for the Full Year 2012; Appoints Rob Vroom as Interim CFO Effective 1 July 2013

Q-Park announced earnings results for the full year 2012. The company reported increased in turnover of 7.4% to EUR 745.1 million, the operational result of EUR 345.1 million. The net result excluding goodwill impairment is EUR 73 million. The Supervisory Board of the company has appointed Mr. Rob Vroom as interim CFO as per 1 July 2013. His previous positions include CFO at Bouwinvest REIM, Kantoren Fonds Nederland (KFN) and Nutricia. He is currently managing partner at FTC Corporate Finance.

Q-Park N.V. Announces Management Changes

Q-Park N.V. announced that Wim Das, a seasoned executive, is appointed as Chief Financial Officer, effective October 1, 2012. Wim Das succeeds Ren van de Kieft. Mr. Das has gained broad international financial experience with major blue chip companies in the UK, US and the Netherlands including Novar PLC, BBA Group PLC, Philips Electronics and Hagemeyer NV. He has in-depth knowledge regarding M&A transactions, refinancing schemes, profit improvement and free cash flow generation. Wim has been CFO at Inalfa Roof Systems Group for the last five years, where his responsibilities included amongst others strategic planning, investment analysis, treasury and banking relationships, ICT and tax planning.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
January 14, 2014
Five Car Parks in the Netherlands
 

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