Deals
Ardian Agrees to Acquire CampusParc for More Than $850 Million
Some US colleges have leased parking concessions to institutional investors in an effort to bolster their endowments or overall finances.
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Global investment firm Ardian has agreed to acquire CampusParc, the owner of a long-term concession for parking operations at Ohio State University, according to people with knowledge of the matter.
The firm is set to pay more than $850 million, including debt, for the business, said the people, who asked not to be identified discussing confidential information.