Osborne Clarke in Bristol advises Palladian on £120m MBO of Intelli-Park
Lawyers at international law firm Osborne Clarke in Bristol have advised Palladian Investment Partners LLP, an independent financial sponsor, on the £120 million Management Buy Out of Intelli-Park, a leading 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.
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.
Palladian’s majority stake buyout of Intelli-Park will see the management team, led by co-CEOs Ben Cooke and Jeff Harrison, further enhance the company’s technology and service offering, accelerate the rollout of EV charging infrastructure across its estate and undertake acquisitions in the UK and Europe.
The Osborne Clarke team assisting Palladian was led by Bristol-based corporate partners Alisdair Livingstone and James Taylor, supported by associate director James Mackay, associate John Annan and trainee solicitor Tundun Basorun.
Partner Tom Bussy, associate director Daniel Barnhouse and associate Sarah Yeo provided advice on financing. Additional support was also provided by senior associate Johnny Squires (tax), associate director Nick Haywood and associate Dan Charie (employment) and partner Anika Chandra and associate Rhiannon Jones (incentives).
Osborne Clarke is a recognised industry leader in the mobility sector. The team has a wide breadth of experience on a range of projects and work closely with clients across the range of project roles, advising throughout the lifecycle of transactions, before and after financial close, and both in the primary and secondary markets.
