Sovereign Capital acquired Premier Park in 2019, forming a platform to execute investments in the UK car park management market with a focus on diversified car parking services and Automatic Number Plate Recognition (“ANPR”). ANPR is a highly effective method of car park management whereby operators install cameras and use software to automatically monitor car parking facilities.
Premier Park manages c.3,800 sites across the UK, having completed two complimentary acquisitions: a car park operator and an industry-leading software provider. Management is focused on making Premier Park the service and quality leader in parking enforcement services via its best-in-class site monitoring technology.
Bridgepoint Credit was mandated by Sovereign Capital to be the sole lender to Premier Park. The reasons for us being chosen were a combination of our relationship with Sovereign, our ability to craft a flexible structure that met their needs and our capital base which gives them capacity to fund future acquisitions.
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