Osborne Clarke advises Palladian on £120m MBO
Lawyers at Reading-based international law firm Osborne Clarke have advised Palladian Investment Partners LLP, an independent financial sponsor, on the £120 million Management Buy Out of Intelli-Park.
Intelli-Park is a UK provider of parking technology and management services. Vecturis Equity GmbH, a German fund focused on mobility services, has acquired a minority stake in Intelli-Park alongside Palladian.
Palladian’s majority stake buyout of Intelli-Park will see the management team, led by co-CEOs Ben Cooke and Jeff Harrison, accelerate the rollout of EV charging infrastructure across its estate and undertake acquisitions in the UK and Europe.
Visit Hampshire Biz News for bright, upbeat and positive business news from the county
Founded in 2004 and headquartered in Coventry, Intelli-Park’s intelligent parking solutions help real estate owners manage and optimise their car park sites.
With over 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.
The Osborne Clarke team assisting Palladian included Reading-based associates Sarah Yeo, who provided advice on financing, and Dan Charie (employment).
The team was led by corporate partners Alisdair Livingstone and James Taylor, supported by associate director James Mackay, associate John Annan and trainee solicitor Tundun Basorun.
