Creative Car Park Limited / Inflexion Private Equity
Cavendish Corporate Finance, the UK’s leading mid-market M&A firm, and part of the finnCap Group, have successfully advised on the buyout of Creative Car Park Limited (CCP) by Inflexion Private Equity.
Based in London and founded in 2005, CCP was the UK’s first car park operator to offer a fully automated number plate recognition technology enforcement service. The firm’s offering ensures CCP’s clients’ customers can park easily by preventing misuse as well as freeing up staff time from monitoring parking. CCP’s low-cost installation model makes it highly scalable and well suited to cater for the nation’s large car park base. The company employs 85 people and is an approved member of the British Parking Association.
This deal illustrates how its recent merger with finnCap has helped to fashion a Group with an unrivalled breadth of services where we were able to provide both M&A and debt advisory services .
The Cavendish team was led by John Farrugia, Partner and Head of Technology as well as Alistair Hay, Partner and Head of Debt Advisory.
John Farrugia commented: “We are delighted to have advised on the buyout of Creative Parking. Inflexion, with its track record of helping businesses accelerate their expansion and better serve their customers, is definitely the right partner for CCP at this stage of its growth.”
Sam Smith, CEO, finnCap Group plc, commented: “This deal is a reflection of the strength and in-depth sector knowledge of our team as well as our corporate finance skills. We are delighted to have assisted in the process. Having Cavendish as part of finnCap Group now allows us to not only help UK entrepreneurs and growth business source debt and equity scale-up funding for their expansion plans, but also to advise business and financial institutions on acquisitions and disposals. This breadth of service is unmatched in the midmarket and we are committed to giving UK growth companies the best service we can to foster their development and boost their role in driving the growth of the UK economy.”
We made absolutely the right choice in appointing Cavendish. Michael Jewell and the team were instrumental in getting us the deal we wanted. I would have no hesitation in recommending them to anyone thinking about a sales process.
Cavendish introduced us to GE and managed the negotiation and coordinated the transaction due diligence. Their involvement was instrumental to the deal being successful.
When looking for an advisor we decided we wanted someone who had specific experience in negotiating within the Private Equity space. It requires some additional skills to those needed in a trade sale and we were lucky to have found in Cavendish, a company that was able to help us.
This marks a significant opportunity for our partners, customers and people as we become part of the global Kyocera family and continue the journey we started back in 1988. When looking for an advisor we wanted someone with an international network and experience of working with buyers both here and overseas. Cavendish had the expertise to facilitate the transaction and the support they provided was invaluable.
The Cavendish team, led by Nick Jones, did an excellent job managing the process and ensuring the smooth closing of the transaction in a timely manner. They were always professional and aligned with our shareholder goals – many thanks to the whole team.
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