Greykite Fund acquires controlling stake in TP Network

Greykite Fund has acquired a controlling stake in TP Network, a European industrial outdoor storage platform (IOS) and provider of secure truck parking areas.

Nection

This move involves a strategic partnership with existing shareholders Padrosa Group and TIIC, who will remain involved through Edmond de Rothschild Private Equity, as well as new partner JV20.
TP Network currently operates seven sites under the Nection brand across Spain, France, Italy, and the Netherlands, offering over 1,700 parking spaces. Two sites are operational, and five are in the permitting or development phase. An additional 11 projects are in development across Germany, France, Austria, and Italy, with five nearing completion. 
TP Network has plans to expand to 40 sites across Europe, representing an investment of over €600 million. The platform provides essential infrastructure for truck drivers, including secure parking and amenities like shops, restaurants, and rest areas.
This investment responds to the increasing demand for safe truck parking across Europe due to the growth of various industries and evolving supply chains, coupled with stringent EU regulations and a driver shortage. TP Network aims to fill the critical market gap, as only 3% of truck parking is certified secure.
Greykite's partnership with JV20 and the continued involvement of Padrosa Group and TIIC will combine operational expertise with strategic site selection, ensuring strong tenant demand and growth. This acquisition is Greykite's seventh investment for the Fund, further diversifying its portfolio across sectors like data centers, logistics, and student housing.
Michael Abel, founder and CEO of Greykite, said: “TP Network represents a landmark initiative to close a vital infrastructure gap across Europe. With demand for secure parking rising due to regulatory shifts and systemic undersupply, we are building a scalable, differentiated IOS platform that we believe will provide a strong outcome for our investors while supporting the freight economy and driver welfare.”
Manuel Cary, CEO and partner at TIIC, commented: “Safe and secure truck parking is a critical component of Europe’s mobility infrastructure. TP Network’s focus on strategic locations and driver-centric amenities addresses a clear market gap, while the platform’s scalable, future-ready model also responds to increasing ESG priorities across the logistics sector.” 
Pere Padrosa Pierre, president of Padrosa Group, said: “The network of secure truck parks that we are building is an infrastructure of general interest for mobility and the supply of goods in Europe. With them, we address pending sector challenges, such as the well-being of drivers; present, such as the energy transition and digital transformation; and future, such as the autonomous driving of heavy vehicles. It is a global solution for ESG priorities and the fulfilment of the sustainability and the need to make operations of the transport sector efficient.”
Juan Velayos, managing partner of JV20, added: “Partnering with Greykite on this transaction reflects our shared vision for investing in high-potential real estate platforms with strong fundamentals. Greykite brings deep sector insight and institutional rigor, making them an ideal complement to TIIC and Padrosa Group, who have impressive experience in this space. Together, we are excited to scale a business that sits at the intersection of infrastructure, logistics, and operational resilience.”
The current shareholders were advised by Telam Partners on this transaction.