EQT announced that the BPEA EQT Mid-Market Growth Partnership has agreed to acquire Orikan. Financial terms of the transaction were not disclosed.
Orikan is a provider of integrated parking, enforcement, payments, and compliance technology solutions. The company is headquartered in Melbourne and operates across Australia, New Zealand, and North America.
The company supports parking operations, enforcement, and infringement management through a combination of software, hardware, payments, and data capabilities. Orikan serves hundreds of government and private sector customers, including universities, airports, hospitals, and stadiums.
EQT said Orikan helps customers manage complex parking operations across the full parking lifecycle. The firm noted that demand for smarter infrastructure and outsourced operational support is increasing as cities become more connected.
EQT plans to partner with Orikan’s management team to support the company’s next phase of growth. This will include continued investment in service delivery, product development, customer operations, and data and AI capabilities.
The firm also plans to help Orikan identify opportunities to expand into adjacent customer segments and international markets. EQT said it will use its global platform experience and technology-enabled services expertise to support the company’s growth strategy.
The investment continues the build-out of EQT Private Capital Asia’s mid-market strategy. The strategy complements EQT’s flagship large-cap strategy by investing in high-quality businesses across Asia Pacific.
EQT’s first dedicated Asia mid-market fund, the MMG Fund, closed in May 2024 with $1.6 billion in total fund commitments. Recent investments from the strategy include PropertyMe in Australia and MAMEZO in Japan.
EQT had €269 billion in total assets under management as of March 31, 2026. The transaction remains subject to customary conditions and approvals.
KEY QUOTES:
“Orikan is a business we have followed closely and one that fits well with EQT’s Asia mid-market strategy, with a clear opportunity for EQT to support its next stage of growth. We see significant potential to help the Company continue investing in innovation, strengthen its customer offering and expand into adjacent markets. Importantly, we can bring the full resources of EQT’s regional footprint, sector expertise and industrial advisor network to support the management team as Orikan pursues selected international growth opportunities.”
Nicholas Macksey, Co-Head of EQT Private Capital Asia and Head of the Mid-Market Growth Strategy
“We have been impressed by the quality of Orikan’s technology, the strength of its management team and the trusted relationships it has built with customers across Australia, New Zealand, and North America. Orikan’s unique combination of best-in-class proprietary technology and comprehensive operational support services is highly differentiated and has generated a loyal following among Orikan’s customer base. We look forward to working closely with the team to continue to accelerate Orikan’s growth and help the Company reach its full potential as a global leader in parking and mobility solutions.”
Jacob Van der Wiel, Managing Director in the EQT Private Capital Asia Team
“We are thrilled to partner with EQT as we enter the next stage of Orikan’s growth. EQT shares our long-term vision and brings deep experience in scaling high-growth, technology-enabled businesses. Together, we will continue investing in our people, platform and service capabilities, while continuing to provide the high level of service our customers rely on every day. It is an exciting day for our people and our customers.”
Peter Neale, CEO of Orikan
