EQT has agreed to acquire Orikan, a Melbourne-based parking and compliance technology provider, from Australian private equity firm Five V Capital, according to a report by Reuters.
The transaction will be made through EQT’s Asia-focused mid-market fund, BPEA Mid-Market Growth Partnership. Financial terms were not disclosed.
Orikan provides parking, enforcement and compliance 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 activity in Asia-Pacific, following investments in Australian property management platform PropertyMe and Japanese IT services company Mamezo Digital Holdings.
