EQT announced that BPEA EQT Mid-Market Growth Partnership has agreed to acquire Orikan. The transaction is subject to customary conditions and approvals.
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 serves hundreds of government and private-sector customers. Its customer base includes universities, airports, hospitals, stadiums, transport authorities, healthcare organizations, and private operators.
Orikan provides integrated parking operations, enforcement, and infringement management services. These capabilities are supported by proprietary software, hardware, payments, and data systems designed and operated by the company.
EQT said Orikan helps customers manage complex parking operations across the full parking lifecycle. The company’s solutions are increasingly relevant as cities become more connected and demand grows for smarter infrastructure and outsourced operational support.
EQT plans to partner with Orikan’s management team to support the company’s next phase of growth. The investment firm expects to support continued investment in service delivery, product development, customer operations, and data and AI capabilities.
EQT also plans to help Orikan expand into adjacent customer segments and international markets. The firm said it will draw on its global platform experience, regional footprint, technology-enabled services expertise, and industrial advisor network.
The investment continues the buildout 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 closed in May 2024 with $1.6 billion in total fund commitments, above its original $750 million target. Recent investments from the strategy include PropertyMe in Australia and MAMEZO in Japan.
EQT is a global investment organization with €269 billion in total assets under management as of March 31, 2026. The firm invests across Private Capital and Real Assets and supports portfolio companies across Europe, Asia Pacific, and the Americas.
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
