Rockpool exits leading ANPR provider, Creative Car Park Holdings

1 year ago

Rockpool Investments is delighted to announce the sale of our portfolio company, Creative Car Park Holdings Limited (“CCP”) to Inflexion, a mid-market private equity firm.

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 car park 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.

Simon Abraham, CEO of CCP, said:

“Anthony and Richard have been a tremendous support to us in helping us grow the business to where we are today. They have assisted with the professionalisation of the business, the strategy and ultimately helping us build a platform as we prepare for the next stage of our journey. We are grateful for their input and are proud of what we have achieved in a short period of time since their investment in December 2017.”

Anthony Francis, Investment Director at Rockpool, said:

“Simon and the team have risen to the challenge and delivered excellent growth whilst also implementing new processes, rigour and governance to the business. There has been commitment across the board to continue to deliver a quality service to the clients at the same time as winning new SME clients. We wish the team well under new ownership.”

Anthony Francis was supported at Rockpool by Richard Morrison, Investment Manager. The shareholders were advised by DC Advisory and Mishcon de Reya. CIL provided commercial due diligence, Intechnica provided IT due diligence and Deloitte provided financial due diligence.