Hawsons act as lead advisors for Bank Park on their sale to Intelli-park

Hawsons Corporate Finance are pleased to announce that they acted as the lead advisor to the shareholders of Bank Park, a car parking operator with sites across the UK, on the sale to PE-Backed Intelli-Park, a provider of parking technology and management services in the UK and Germany.

Jack Ware and Peter Wilmer of the Hawsons Corporate Finance team acted as the lead advisor, with Michael Hall and Molly Rae of Knights providing legal advice to the shareholders of Bank Park. Intelli-Park were supported by a legal team from Pinsent Masons and by Cortus Advisory Group on financial and tax due diligence.

Bank Park serves a diverse client base, including landowners, agents, and retailers. Following the acquisition, Bank Park will retain its established brand name and Sheffield-based team, enabling a seamless transition for its existing clients. The company has a focus on supporting local communities through its 'Park & Give' scheme. The deal supports Intelli-Park's expansion strategy, broadening its reach into new regions and strengthening its network.

Jack Ware, Corporate Finance Director at Hawsons, commented: “It was a pleasure to work with all involved in this transaction. We believe that Bank Park is the perfect fit for Intelli-Park and the transaction will further drive the growth Bank Park has achieved in recent years.”

Ben Cooke, group chief executive at Intelli-Park, said: "We are thrilled with the acquisition of Bank Park. As one of the top regional car park management providers in the UK, Bank Park has a stellar reputation and offers innovative solutions that will enhance our national expansion.

Together, we look forward to setting new standards in car park management both in the UK and internationally."

Employing more than 300 people, Intelli-Park currently manages more than 2,500 sites across various sectors, including residential, retail, healthcare, hospitality, and education. Its blue-chip clients include McDonald's, Savills, JLL, the NHS, and Cushman & Wakefield.