A New Era For Intelli-Park
Intelli-Park Announces Successful Management Buyout of Business backed by Palladian Investment Partners LLP
London, October 26th 2023 – Intelli-Park, a leading provider of parking technology and management services in the United Kingdom, today announces the successful management buyout of its business backed by Palladian Investment Partners LLP, which has acquired a majority stake in the business. The buy-out also includes a minority investment by Vecturis Equity GmbH, a German fund focused on mobility services, in a landmark transaction valued at over £120 million.
The sale represents a significant milestone in the growth and development of Intelli-Park and underlines management’s strong commitment to expanding its presence and technological offering across a wider network.
Intelli-Park will continue to be led by its existing management team, ensuring the company's operational continuity and commitment to delivering high-quality services to its customers. The business remains dedicated to maintaining its high standards of service, commitment to compliance, and its customer satisfaction as it moves forward alongside Palladian.
“We are thrilled to announce the successful management buyout of Intelli-Park and extremely excited to be partnering with Palladian Investment Partners and Vecturis Equity in Germany. These strategic partnerships represent a significant milestone for our company and will empower us to continue providing best in class technology solutions to our clients and will further accelerate our digital footprint in the market. A special mention goes to the team that have been instrumental in making this happen and our trusted advisors Solano Partners, who have supported us every step of the way. We are very excited about the future and look forward to working closely with Palladian and Vecturis to achieve our shared vision.” said Ben Cooke, Group Co-CEO, Intelli-Park.
Doug Oppenheim, co-managing partner of Palladian, added: “In recent years Intelli-Park has achieved a well-earned position as an innovator at the forefront of the parking management market, providing its customers with the digital tools and services to optimise their parking assets and enhance their own customers’ experience. The Palladian team looks forward to supporting the senior management team and all their colleagues to continue Intelli-Park’s growth over the coming years.”
NOTES TO EDITORS
Intelli-Park is one of the UK’s leading parking technology and management solutions providers. We provide an extensive range of intelligent solutions and enforcement services to support clients and their customer's parking needs. We are committed to delivering effective, compliant and innovative technological solutions, as well as ensuring consistent and responsive aftercare services.
Founded in 2004, we employ over 270 industry experts and manage over 2,000 sites across the UK, serving both public and private sectors including residential, retail, healthcare, hospitality and education.
About Palladian Investment Partners LLP:
Established in 2019, Palladian is an independent investment firm, backing growth-minded, mid-market companies led by proven and ambitious teams. Palladian typically invests from £15m to over £100m per transaction and acquires both minority and majority stakes.
For more information, please contact:
Anna Jaycocks, Chief Marketing Officer, Intelli-Park