MML, Macquarie acquire Capita's ParkingEye for £235m

Capita announced earlier this year it would look to sell non-core assets such as ParkingEye to reduce its debt and focus on core assets.

Company
Established in Lancashire in 2006, ParkingEye is a car park management company. It currently has 300 staff. The company generated underlying revenues of £40m and operating profit of £14m in 2017 after strong growth in recent years. Revenues came to £33m in 2016 and £27m in 2015, while operating profit was £8m in 2016 and £6m in 2015.

Advisers             
Vendor – Goldman Sachs (corporate finance).

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