April 6, 2018
EasyPark’s smartphone app provides millions of registered users with quick and efficient solutions to find, remotely manage and pay for parking.
On March 8, Vitruvian (together with existing investor, Verdane Capital) acquired EasyPark, a pay by phone parking provider based across 11 different jurisdictions The smart phone app provides millions of registered users with quick and efficient solutions to find, remotely manage and pay for parking. EasyPark additionally also offers digital services that enable cities to improve traffic-flow and reduce urban congestion, while maximizing occupancy rates for private parking operators.
The term loan provided primarily by Bain Capital Credit was used to fund the acquisition and re-finance existing group debt. Nordea provided the super senior revolving facility.
The Willkie deal team was led by partner Mark Fine and associates, Aymen Mahmoud and Nick Jupp. UK partner, Judith Harger advised on the tax aspects.