- Indigo will contribute its Canadian properties to Clermont while retaining the operations for each of the properties through Indigo Park Canada
- Ardian will support Clermont’s digitization and sustainability efforts to drive value creation
- Ardian and Indigo will deploy additional equity over time, acquiring parking assets, as well as long-term concessions and leases
Ardian and Indigo Group have together formed Clermont, a new Canadian joint venture focused on investing in parking assets. No financial terms were disclosed.
As part of the partnership, Indigo, a French parking and urban mobility company, will contribute its Canadian properties to Clermont while retaining the operations for each of the properties through Indigo Park Canada. Ardian will support Clermont’s digitization and sustainability efforts to drive value creation.
Ardian and Indigo will deploy additional equity over time, acquiring parking assets, as well as long-term concessions and leases. Indigo will manage the operations of these assets.
Clermont will be led by CEO Gordon Craig, previously president of Canadian operations and COO of North America for Imperial Parking (Impark).
“We are excited to launch this new venture and work with such a reputable and experienced management team in Canada. With our proven track record of developing sustainable and digital-first infrastructure assets, in combination with Indigo’s established and innovative parking solutions, Clermont is strategically positioned for accelerated growth within the Canadian market,” said Stefano Mion, Ardian’s co-head of infrastructure Americas, in a statement.
Based in Paris, Ardian is a private investment house, managing or advising $164 billion of assets. The firm’s strategy focus includes private equity, real assets and credit.
Indigo Group is indirectly owned by Crédit Agricole Assurances, Vauban Infrastructure Partners, MR Infrastructure Investment and others.
