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Cavendish Corporate Finance advises Inflexion on Creative Car Park buyout

Cavendish Corporate Finance, a UK mid-market M&A firm, has advised Inflexion Private Equity on its successful buyout of Creative Car Park Limited (CCP), a UK provider of car park management solutions for small businesses.

The investment is being made by Inflexion Buyout Fund V, Inflexion’s dedicated mid-market fund.
 
Based in London and founded in 2005, CCP was the UK’s first car park operator to offer a fully automated number plate recognition technology enforcement service. The firm’s offering ensures CCP’s clients’ customers can park easily by preventing misuse as well as freeing up staff time from monitoring parking. CCP’s low-cost installation model makes it highly scalable and well suited to cater for the nation’s large car park base. The company employs 85 people and is an approved member of the British Parking Association.
 
This deal is Cavendish’s first buy side transaction and illustrates how its recent merger with finnCap to create finnCap Group plc has helped to fashion a Group with an unrivalled breadth of services for UK entrepreneurs and growth businesses seeking to scale up for expansion. This includes private and public equity and debt fundraising, as well as M&A advice to business owners or financial institutions on a business sale or if they are seeking to make acquisitions.
 
Inflexion is a mid-market private equity firm, investing in high growth, entrepreneurial businesses with ambitious management teams and working in partnership with them to accelerate growth. Inflexion’s flexible approach allows it to back both majority and minority investments, typically investing GBP10 million to GBP200 million of equity in each deal.
 
The Cavendish team was led by John Farrugia, Partner and Head of Technology. John Farrugia says: “We are delighted to have advised Inflexion Private Equity on its buyout of CCP. Inflexion, with its track record of helping business accelerate their expansion and better serve their customers, is definitely the right partner for CCP at this stage of its growth.”
 
“To be the buyside adviser on the deal is a reflection of the strength and in-depth sector knowledge of our team as well as our corporate finance skills. This is our first buy-side transaction and we look forward to completing further such deals drawing on our deeper resources and expertise as part of finnCap Group plc.”
 
Sam Smith, CEO, finnCap Group plc, commented: “We are very pleased that our first buyside deal involves advising Inflexion, one of the UK’s leading private equity firms, on its buyout of such an exciting and visionary business as CCP. Having Cavendish as part of finnCap Group now allows us to not only help UK entrepreneurs and growth business source debt and equity scale-up funding for their expansion plans, but also to advise business and financial institutions on acquisitions and disposals. This breadth of service is unmatched in the mid-market and we are committed to giving UK growth companies the best service we can to foster their development and boost their role in driving the growth of the UK economy.”
 
Simon Turner, Managing Partner, Inflexion, says: “The management of CCP created a business which utilises technology to help other businesses better serve their customers. The vision and its delivery since inception has been very impressive. We look forward to working with management to help roll out their services to a wider customer base.”
 
Simon Abraham, Chief Executive Officer of CCP, says: “The team’s hard work has helped build a company with double-digit annual growth rates, and we look forward to accelerating this growth further with Inflexion’s backing. They impressed us with their proven ability to help businesses grow faster, organically and via acquisition.”

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