Solano Partners advises on the £120m+ sale of Intelli-Park to a consortium led by Palladian Investment Partners LLP

Solano Partners Advises Intelli Park
London, October 26th 2023

Solano Partners, a next-generation boutique investment bank that works exclusively with innovative technology businesses, announces the successful sale of Intelli-Park, a leading provider of parking technology and management solutions in the UK, to an international consortium of investors led by Palladian Investment Partners LLP, which included a minority investment from Vecturis Equity, in a landmark transaction valued at over £120 million.

Intelli-Park is at the forefront of innovation in the sector, helping landowners manage their car park sites whilst driving asset monetisation by deploying its evolving Mobility-as-a-Service (MaaS) ecosystem. The company currently manages over 2,000 sites across the UK, with blue-chip clients including McDonalds, Savills, JLL, the NHS and Cushman & Wakefield. More recently, the business announced a landmark contract with Shell to distribute EV technology across its sites and separately expanded operations into Germany.

The transaction marks a step change in Intelli-Park’s growth and development, pairing an ambitious management team with supportive and strategic capital partners. The business, led by Ben Cooke, has recently undergone a systemic technology transformation and is now a one-stop-shop for intelligent parking solutions, offering customers a tech-enabled tool kit of mobility services which offers greater insights, convenience and efficiency.

The backing from Palladian and other investors will enable Intelli-Park to further enhance its technology and service offering, accelerate the roll-out of EV charging infrastructure across its estate and undertake acquisitions in the UK and Europe.

Solano Partners was the exclusive financial advisor to Intelli-Park on the transaction. The Solano Partners team was led by Jon Edirmanasinghe and Steph Frayne.

Jon Edirmanasinghe, Founder of Solano Partners, commented:

“We are delighted to have advised Intelli-Park on its transformational sale and investment from a consortium of international investors, which was led by Palladian Investment Partners and included Vecturis Equity. The newly formed partnership will accelerate Intelli-Park‘s growth, which includes geographical expansion and ongoing technology development to bridge the digitisation gap in the wider mobility-as-a-service arena.

The deal highlights strong appetite for fast growing, tech businesses led by forward thinking management teams and Solano’s ability to unlock transformational outcomes for its clients.”

Ben Cooke, Group Co-CEO of Intelli-Park, commented:

“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. We are very excited about the future and look forward to working closely with Palladian and Vecturis to achieve our shared vision.

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.”

Doug Oppenheim, Co-Managing Partner of Palladian, commented:

“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.”