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.