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.”
“The finnCap Cavendish team were exceptional from start to finish on our deal, helping us to prepare meticulously for the process, identifying a group of highly strategic buyers and negotiating a fantastic deal for our Shareholders. We would thoroughly recommend them to any owners considering an exit.”
“Thank you to John and your fantastic team at FinnCap Cavendish for your unwavering support, dedication, work ethic and belief in Xexec’s mission. John, Mike and Sam were instrumental in bringing the deal to a successful completion and provided invaluable guidance throughout the process.
We look forward to our new partnership with the Castik and Abry teams who are the ideal partners as we continue to expand our business and pursue the next phase of our strategy.”
‘The finnCapCavendish team were great to work with, they took time to listen, properly understand our objectives and tailored the process to get a fantastic result for us. They really understood the value drivers in the ICT sector and had access to all the key buyers for our business, they were able to efficiently manage the sale process maintaining the great relationship we’d built we Adept as our preferred buyer.’
“Thank you to Jon, Steph and Chirag for their tireless efforts in recent months. Jon offered invaluable leadership and strategic advice, while Chirag and Steph provided diligent and supportive guidance throughout. They also behaved throughout as one would expect friends and confidants to act, which is very helpful in a confidential situation. We were delighted with the result and very, very pleased to have had the three of them as our team.”
“Cavendish understood our ambitions from day one and went to great lengths to understand the minutiae of the business in order to effectively position the investment proposition as it evolved throughout the transaction. Cavendish were not just an advisor but a true partner to the Systal team throughout the process all the way through to completion.”
“The Cavendish team of Jon, Chris, Chirag and Soben steered the process from start to finish and were instrumental in bringing this transaction to a successful conclusion with the right partner in the form of Naviga. The sale of Miles 33 to Naviga marked a successful exit for the financial investors and provides management with a larger platform to grow the business.”
“We are delighted to have secured this transformational funding. The open market does not serve everyone and the funding enables us to provide a choice to many more sellers. We would also like to thank Jon, Ben, Steph for their efforts – they provided invaluable advice and hands-on support throughout the process, providing us with a trusted advisor that saw the transaction through to completion.”
In Thomson Reuters, we found a strategic buyer that shares our commitment to the rule of law. We have a proven track record of enabling the courts’ digital transformation of the UK. We are optimistic that with Thomson Reuters global footprint we will be able to help courts around the world to continue to operate effectively and efficiently into the future.
We’d also like to place on record a huge thank you to Jon, Sam and the Cavendish team. From identifying Pelican Capital through to providing advice and support throughout the due diligence process, Cavendish deserve a great deal of credit for delivering the fundraise in an exceptionally challenging environment.
“On behalf of the shareholders, we’d like to thank Cavendish for their advice, tireless work ethic and professionalism throughout the process. Jon, Mike and the team were instrumental in achieving a fantastic result for both the shareholders and the company, as we embark on our exciting next phase of growth with a new investor. We knew we had chosen the right partner in Cavendish and you did not let us down.”
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