By Brazil Stock Guide – BTG Pactual Gestão e Consultoria de Investimento said that on October 9, the Valbuena Investimento no Exterior fund, managed by the firm, acquired 100% of the quotas of Riverside FIP Multiestratégia, which held 56.7 million shares of Allpark Empreendimentos, the parent company of Estapar (B3: ALPK3), Brazil’s leading parking and urban-mobility operator. The transaction represents 25.85% of the company’s outstanding common shares.
Following the deal, André Esteves, the ultimate beneficiary of the Valbuena, Tempranillo, De Duero, and Maranello funds, increased his indirect ownership from 55.6% to 81.4% of Estapar’s voting shares, according to a filing with Brazil’s Securities and Exchange Commission (CVM).
The acquisition was executed through a private transaction and, according to the disclosure, “does not aim to reach any particular ownership threshold.” Still, the move consolidates the BTG Pactual chairman’s control over Brazil’s largest listed parking and mobility company.
Estapar operates more than 400,000 parking spaces across 70 Brazilian cities, and has been expanding its digital services and public-parking concessions — including Zona Azul operations in São Paulo, Belo Horizonte, and Rio de Janeiro.