Sweden-based investment firm EQT said on Monday it will buy Melbourne-based parking and compliance technology provider Orikan, extending a run of regional deals.
Here are some details:
- EQT said the acquisition will be made through its Asia mid-market-focused fund, BPEA Mid-Market Growth Partnership, but it did not disclose financial terms.
- Orikan, owned by Australian private equity firm Five V Capital, provides parking and enforcement technology to governments, universities, transport agencies and commercial operators across Australia, New Zealand and North America.
- The deal adds to EQT’s recent mid-market acquisitions in Asia, including investments in Australian property management platform PropertyMe and Japanese information technology firm Mamezo Digital Holdings.
