Inflexion Private Equity is pleased to announce that it has backed the buyout of Creative Car Park Limited (“CCP”), the UK’s leading 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.
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 operator of the British Parking Association.
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.
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.