Gilbert + Tobin has advised Five V Capital on its definitive agreement to sell Orikan, a global technology company, to global private markets firm EQT Group.
Orikan provides technology-led parking, enforcement and compliance solutions to customers across government, transport, healthcare and education, with its integrated platform operating across multiple jurisdictions.
Five V’s Fund IV partnered with Orikan founder Declan Ryan in October 2022. Since then, Five V has worked closely with Orikan CEO Peter Neale and the broader management team to support Orikan’s growth, including through its cloud transformation, expansion into New Zealand and the United States, and investment in complementary critical mobility, compliance and enforcement functions.
G+T advised Five V on all aspects of the transaction, including documentation, execution and the regulatory aspects of the sale. Five V was also advised by Deutsche Bank, which ran the sale process. The transaction is expected to complete by the end of 2026, subject to customary regulatory approvals.
G+T partner Beth Cameron said:
Orikan has built a strong position as a technology-led platform in parking, enforcement and compliance, and this transaction reflects the strength of the business and the growth delivered during Five V’s ownership.
It has been a pleasure working with the Five V team on another significant private capital transaction. We congratulate Five V, Orikan founder Declan Ryan, CEO Peter Neale and the broader Orikan management team on this milestone.
The G+T team was led by Corporate Advisory partners Peter Cook and Beth Cameron, with support from lawyers Hugo Zicat and Matthew Harrington and specialists across the firm.
