Intelli-Park, a leading provider of parking technology and management services, has undergone a management buyout in a landmark deal valued at over £120m.

Palladian Investment Partners has acquired a majority stake in the business, which also includes a minority investment by Vecturis Equity GmbH.

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.

Ben Cooke, group co-CEO at Intelli-Park. “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.”

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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.”

Founded in 2004, Intelli-Park’s registered address is in Coventry and is one of the UK’s leading parking technology and management solutions providers.

The company employs over 270 industry experts and manages over 2,000 sites across the UK, serving both public and private sectors including residential, retail, healthcare, hospitality and education.