
Inflexion buys Creative Car Park
Inflexion Private Equity has acquired a majority stake in UK-based car park operator Creative Car Park (CCP).
Unquote understands that Inflexion bought its stake from Rockpool Investments and the company's management team.
The GP deployed capital from its mid-market fund Inflexion Buyout Fund V, which held a final close on £1.25bn in May 2018.
In addition to the equity from the fund, the GP used a debt package of an undisclosed amount to support the deal.
Following the deal, the company expects to further accelerate its growth both organically and via additional acquisitions.
Company
Established in 2005 and headquartered in London, Creative Car Park is a car park operator that offers a fully automated number plate recognition technology enforcement service. The company employs 85 people.
People
Inflexion Private Equity – Simon Turner (managing partner).
Creative Car Park – Simon Abraham (CEO).
Advisers
Equity – FinnCap Group (corporate finance).
Company – DC Advisory (corporate finance).
Latest News
Stonehage Fleming raises USD 130m for largest fund to date, eyes 2024 programme
Multi-family office has seen strong appetite, with investor base growing since 2016 to more than 90 family offices, Meiping Yap told Unquote
Permira to take Ergomed private for GBP 703m
Sponsor deploys Permira VIII to ride new wave of take-privates; Blackstone commits GBP 200m in financing for UK-based CRO
Partners Group to release IMs for Civica sale in mid-September
Sponsor acquired the public software group in July 2017 via the same-year vintage Partners Group Global Value 2017
Change of mind: Sponsors take to de-listing their own assets
EQT and Cinven seen as bellweather for funds to reassess options for listed assets trading underwater