MidCap Alliance partner Smith Square Partners advised MML on its acquisition (alongside Macquarie) of ParkingEye, the UK parking management business, from Capita, a leading provider of technology enabled business services for a cash consideration of £235m.
ParkingEye is a UK-wide carpark management business, utilising automatic number plate recognition (ANPR) to monitor customer carparks. ParkingEye’s underlying revenue and operating profit were £40m and £14m respectively in the year to 31 December 2017 and the business had gross assets of £22m.
For more information, please visit: https://smithsquarepartners.com/transaction/acquisition-of-parkingeye/
Smith Square Partners
Advised in the sale of
ParkingEye Ltd.
to