Target Information

Procuritas Capital Investors VII ("Procuritas") has successfully acquired a majority stake in Parkman i Sverige AB, a prominent Swedish firm specializing in tech-enabled parking management solutions. Established in 2010, Parkman offers comprehensive parking management services, catering to a varied portfolio that includes retail centers, destinations, offices, commercial buildings, and residential areas. The company is headquartered in Täby and has regional offices in Gothenburg and Arlanda. In 2024, Parkman reported revenues of 610 million SEK and employs around 85 full-time and 50 part-time staff members.

Industry Overview

The parking management sector in Sweden has been evolving rapidly, driven by urbanization and increasing demand for efficient mobility solutions. With the growth of cities, the need for effective parking management systems becomes increasingly crucial. In particular, the Swedish market has seen a rise in interest in digital and tech-driven parking solutions that not only enhance user experience but also contribute to urban sustainability.

Moreover, the trend towards sustainability and smarter urban mobility practices aligns with national policy objectives aimed at reducing congestion and promoting eco-friendly transportation alternatives. The parking industry plays a critical role in this push, as improved parking management can alleviate traffic issues and enhance the overall urban environment.

Sweden's regulatory environment supports innovation in the mobility sector, with government initiatives encouraging smart technology adoption. Investments in tech-enabled parking services are expected to rise as municipalities seek to modernize their infrastructure and improve urban management.

Overall, the parking industry in Sweden is positioned for significant growth, driven by technological advancements along with increasing public and private investments into sustainable urban mobility solutions.

Rationale Behind the Deal

The acquisition by Procuritas aims to bolster Parkman’s presence in the Swedish market amid a transformative phase in urban mobility. Procuritas is dedicated to supporting businesses that show potential for exceptional growth, aligning this investment with their strategic goal of fostering smarter mobility solutions. This partnership will not only enhance Parkman i Sverige's market position but also promote initiatives that contribute to the UN Sustainable Development Goals related to urban accessibility and environment-friendly practices.

Investor Information

Procuritas, founded in 1986, is a leading investment firm in the Nordic region with a stellar track record of driving growth in successful companies. The firm's focus on value creation through operational expertise has led to over 50 platform investments and hundreds of add-on acquisitions, ensuring attractive returns for their investors. Procuritas aims to empower businesses that aspire for meaningful transformation in their growth trajectories.

Indigo Management AS, a family-owned investment entity, specializes in parking, technology, and real estate. With extensive experience in the parking industry across the Nordics, Indigo supports companies in transforming the parking experience through innovative solutions. The firm holds investment in notable companies such as Onepark, EuroPark, and Autopay Technologies, reflecting their commitment to shaping the future of urban mobility.

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In this deal, the partnership between Procuritas and Parkman i Sverige AB represents a promising investment opportunity. The increasing demand for smarter mobility solutions positions Parkman favorably within the parking management sector. As cities continue to expand, the necessities for more efficient and user-friendly parking management will likely grow, underscoring the significance of Parkman's offerings.

Moreover, with the strategic backing of Procuritas and Indigo, Parkman is poised for significant scaling. The combined expertise of these investors in operational growth and market dynamics aligns perfectly with Parkman's vision to lead in the increasingly digitized and sustainable aspects of urban mobility.

Furthermore, the commitment to support the UN Sustainable Development Goals enhances the investment’s appeal for socially responsible investors. By focusing on creating effective solutions that transcend traditional parking management, Parkman is well-placed to innovate and deliver substantial value to property owners and end-users alike.

Overall, this acquisition signals a robust opportunity for growth in a critical sector, making it a potentially lucrative investment for Procuritas and a further step towards establishing Parkman as a market leader in Sweden.

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