Cinven triples return on NCP deal

Cinven, a UK-based private equity group, has tripled its initial equity investment in NCP, the car park company, with a sale to UK-listed 3i for £555m (€805m).

Cinven bought NCP, which operates over 900 car parks throughout the UK, in 2002 for £820m from Cendant, the US travel and property group.

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