Cheltenham-based legal experts advise parking firm on private equity deal
By Sarah Wood | 21st August 2019
Lawyers for Harrison Clark Rickerbys in Cheltenham advised shareholders and management at Devon-based Premier Park on their private equity funding from Sovereign Capital Partners.
Premier Park installs and manages Automatic Number Plate Recognition (ANPR) cameras for more than 840 car parks across the UK, as well as offering payment management and patrol services.
The Harrison Clark Rickerbys team was led by Rich Wilkey, with Rachael Reeves and Louisa Leach.
Mr Wilkey said: "This gives Premier Park a great way forward for the future. We were very glad to have been able to support this investment and we look forward to working with them as they grow."
Sovereign will work with the management team, which brings on board new CEO Paul Dawson who has worked at Capita plc for the last 15 years, holding various roles including being CEO of ParkingEye. Andy Parker, former Group CEO of Capita plc, joins the business as non-executive chairman.
Paul Dawson, CEO, Premier Park added: "I'm delighted to join Premier Park at this exciting time. This is an evolving market influenced by an increasing demand for spaces and the evolution of electric vehicles - consumers are constantly looking for an improved experience and ease of access. We are well placed to develop the business by broadening our service proposition and continuing to deliver the efficiency and customer satisfaction this business is recognised for."
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