Schroder British Opportunities Tst. EasyPark Group intends to acquire Flowbird Group (7365T)
17 Novembre 2023 - 8:00AM
UK Regulatory
TIDMSBO
RNS Number : 7365T
Schroder British Opportunities Tst.
17 November 2023
Schroder British Opportunities Trust plc
EasyPark Group announces intention to acquire Flowbird Group
Schroder British Opportunities Trust plc ("SBO" or the
"Company") is pleased to confirm that one of its private equity
investments, EasyPark Group, one of the global leaders in mobile
paid parking, has announced its intention to acquire Flowbird
Group, a global mobility player providing integrated parking and
transportation solutions. The deal is subject to customary
approvals by relevant authorities and the parties have agreed not
to disclose the terms of the transaction.
Flowbird Group operates under the brands Flowbird,
YourParkingSpace, TPARK, Extenso Cloud, and Yellowbrick. They offer
multiple mobility solutions, covering equipment and services
including pay and display machines, software, park & charge,
open payments for debit and credit cards and mobile wallets.
EasyPark Group 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. The company owns
and develops the apps EasyPark, ParkMobile, RingGo and Park-line
and operates in over 4,000 cities across more than 20
countries.
The intended acquisition of Flowbird Group supports EasyPark
Group's aspiration to become the world's leading mobility platform
provider.
Tim Creed and Pav Sriharan, two of the Company's portfolio
managers, commented: "We are delighted with the progress that
EasyPark Group has made since our initial investment in 2021 and
believe this deal would be highly complementary to their existing
business and extend their global reach"
Enquiries:
Schroder Investment Management Limited
Shilla Pindoria (Company Secretarial)
Augustine Chipungu (PR 020 7658 6000
Peel Hunt
Liz Yong, Luke Simpson, Huw Jeremy (Investment Banking)
Alex Howe, Chris Bunstead, Ed Welsby, Richard Harris (Sales) 020 7418 8900
About Schroder British Opportunities Trust plc 'SBO'
SBO invests in a diversified portfolio of UK-focussed public and
private equity companies with long-term growth prospects.
Further information on the Company is available at
www.schroders.com/sbo
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END
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