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Osborne Clarke advises Conduent on agreement to sell off-street parking business


Written on 12 July 2018

International legal practice Osborne Clarke has advised the world’s largest provider of diversified business services, Conduent Incorporated (Conduent), on the sale of its off-street parking business, including the Conduent Multipark System in France and the UK, along with its US airport parking business, to French investor Andera Partners.

The sale is part of Conduent group’s planned program of divestment of non-core assets to enable Conduent to focus on serving large enterprise customers and scalable business relationships.

Conduent is a valued and longstanding client of Osborne Clarke. A multi-jurisdiction team from Osborne Clarke advised on the transaction. The team included Partner Sara Valentine and Associate Director Caroline Drummond in the UK and Partner Catherine Olive, Senior Associate Eve Huchon and Associate Josselin Nony-Davadie in France.

Osborne Clarke advises market leaders, challenger brands and fast-growth businesses across all corporate issues, from equity and debt fundraisings to M&A, IPOs and JVs.