M&A Deal Summary

EasyPark Acquires Flowbird Group

On November 9, 2023, EasyPark acquired software company Flowbird Group from Searchlight Capital Partners

Acquisition Highlights
  • This is EasyPark’s 2nd transaction in the Software sector.
  • This is EasyPark’s 1st transaction in France.

M&A Deal Summary

Date 2023-11-09
Target Flowbird Group
Sector Software
Buyer(s) EasyPark
Sellers(s) Searchlight Capital Partners
Deal Type Add-on Acquisition

Target

Flowbird Group

Neuilly-sur-Seine, France
Flowbird Group is a provider of parking management solutions and a major player in public transport ticketing equipment. The company operates through two business divisions, Smart Parking operates across the whole value chain of the on-street parking management and Smart Transport provides ticketing solutions (connected ticket and validation terminals) and associated software systems for public transport. Flowbird Group is based in Paris, France.

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Buyer(S) 1

Buyer

EasyPark

Stockholm, Sweden

Category Company
Founded 2001
Sector Internet Software and Services
Employees85
DESCRIPTION

EasyPark is a global parking tech company, that helps drivers save time and money by finding and managing parking and electric vehicle charging. It allows businesses, parking operators, property owners and cities to administrate, plan and take data-driven decisions. EasyPark Group owns and develops the apps EasyPark, PARK NOW, ParkMobile, RingGo and Park-line and operates in over 3,200 cities across more than 20 countries. EasyPark was formed in 2001 and is based in Stockholm, Sweden.


DEAL STATS #
Overall 5 of 5
Sector: Software M&A 2 of 2
Type: Add-on Acquisition M&A Deals 4 of 4
Country: France M&A 1 of 1
Year: 2023 M&A 2 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-03-02 MPLA

Prague, Czech Republic

MPLA is a mobile parking app that has the widest coverage of mobile parking management in the Czech Republic provides parking services for cities and parking operators. MPLA is based in Prague, Czech Republic.

Buy -

Seller(S) 1

SELLER

Searchlight Capital Partners

London, United Kingdom

Investor Investor Investor Investor Investor


Category Private Equity Firm
Founded 2010
PE ASSETS 860M USD
Size Middle-Market
Type Sector Agnostic
DESCRIPTION

Searchlight Capital Partners is a private investment firm founded in 2010. The Firm will invest across the capital structure, including equity and debt and will consider a variety of transaction situations, from simple to complex. Areas of focus include communications, media, information, IT services, business services, financial services, consumer services, consumer products, education, and industrial goods/services. The Firm will consider opportunities across North America and Europe. Searchlight Capital has offices in New York, London, and Toronto.


DEAL STATS #
Overall 14 of 16
Sector: Software M&A 1 of 1
Type: Add-on Acquisition M&A Deals 6 of 7
Country: France M&A 1 of 1
Year: 2023 M&A 4 of 4
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2023-10-30 Mainstream Fiber Networks

Nashville, Indiana, United States

Mainstream Fiber Networks is a fiber to the premise (fttp) internet service provider that understands the need for affordable, high-speed internet in indiana’s rural communities. Mainstream Fiber Networks is based in Nashville, Indiana.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2024-11-04 Ziply Fiber

Everett, Washington, United States

Ziply Fiber is a telecommunications network business comprises a network that passes 1.7 million residential and business locations, of which approximately 500,000 are fiber-to-the-premises capable. Ziply Fiber is based in Everett, Washington.

Sell CA$5.0B