International law firm Osborne Clarke has advised Palladian Investment Partners LLP ("Palladian"), an independent financial sponsor, as it backs the management team of Intelli-Park, a leading UK provider of parking technology and management services in a buyout from its founder. The transaction is valued at over £120 million, inclusive of earn outs, and marks the second investment for Palladian.
Vecturis Equity GmbH, a German fund focused on mobility services, has acquired a minority stake in Intelli-Park alongside Palladian.
Founded in 2004, Intelli-Park's intelligent parking solutions help real estate owners manage and optimise their car park sites. With 270+ employees managing over 2,000 sites across the UK, Intelli-Park's blue-chip clients include McDonalds, Savills, JLL and Cushman & Wakefield. The company recently expanded its operations into Germany.
Palladian's majority stake buyout of Intelli-Park will see the management team, led by co-CEOs Ben Cooke and Jeff Harrison, further enhance the company's technology and service offering, accelerate the rollout of EV charging infrastructure across its estate and undertake acquisitions in the UK and Europe.
The Osborne Clarke team assisting Palladian was led by corporate partners Alisdair Livingstone and James Taylor who were supported by associate director James Mackay, associate John Annan and trainee solicitor Tundun Basorun. Partner Tom Bussy, associate director Daniel Barnhouse and associate Sarah Yeo provided advice on financing. Additional support was also provided by senior associate Johnny Squires (tax), associate director Nick Haywood and associate Dan Charie (employment) and partner Anika Chandra and associate Rhiannon Jones (incentives).
Osborne Clarke is a recognised industry leader in the mobility sector. The team has a wide breadth of experience on a range of projects and work closely with clients across the range of project roles, advising throughout the lifecycle of transactions, before and after financial close, and both in the primary and secondary markets.
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About Palladian Investment Partners LLP
Established in 2019, Palladian is an independent financial sponsor, backing growth-focused, mid-market companies led by proven and ambitious teams. Palladian focuses on transactions with significant shareholder continuity, collaborating with business owners and management shareholders. Palladian’s investment model allows it to invest for longer than traditional funds, providing for shareholder stability and long term value creation. Palladian typically invests from £15m to over £100m per transaction and acquires both minority and majority stakes.