21 INVEST takes majority stake in ParkinGO Group

By acquiring a majority stake in ParkinGO, 21 Invest captures an integrated mobility platform expected to generate in turnover during the 2025 fiscal year, while facilitating the complete exit of selling shareholder Ethica Global Investments. Announced in December 2025, the leveraged buyout transaction marks a pivotal ownership transition for the target entity, which retains its founder Giuliano Rovelli as Chairman and Riccardo Bellini as Chief Executive Officer to ensure strict operational continuity under the new governance structure. The capital architecture of this buyout is directly supported by the Three Hills investment fund, which deployed a tailored credit opportunities financing solution to provide the necessary debt capacity for the acquisition. Strategically, the incoming private equity sponsor intends to utilize its newly allocated institutional capital to accelerate the target's transition from a traditional parking operator into a fully digitalized European airport mobility ecosystem. The post-acquisition expansion roadmap prioritizes the densification of the existing commercial network in Italy and the aggressive execution of programmatic M&A opportunities (build-ups) to scale operations across adjacent international markets. This corporate evolution aims to reinforce the platform's leadership by upgrading its technological infrastructure and broadening its integrated travel services, particularly in the short-term rental segment. The transaction execution mobilized a highly specialized multijurisdictional advisory syndicate to validate the investment thesis. On the buy-side, the acquiring sponsor engaged Boston Consulting Group (BCG) to conduct the strategic and commercial due diligence, while EY executed the financial auditing scopes, and Advant NCTM provided comprehensive corporate legal counsel. On the sell-side, Ethica Group acted as the exclusive financial M&A advisor to the target and its outgoing shareholders, alongside Gianni Origoni, which managed the legal structuring of the divestment. Final completion of the transaction remains subject to customary regulatory conditions.