Orikan Announces Partnership with EQT to Accelerate Its Next Phase of Growth

Orikan, a leading provider of integrated parking, enforcement and compliance technology solutions across Australia, New Zealand and North America, today announced that it has entered into an agreement to be acquired by BPEA EQT Mid-Market Growth Partnership (the “MMG Fund” or “EQT”).

The transaction represents an important milestone in the Company’s continued growth and evolution.

Established in 2022 through the combination of longstanding leaders in parking, mobility, and compliance technology, Orikan today supports hundreds of government and private sector customers through its integrated parking, enforcement and infringement management platform. The Company has established a leading position across Australia and New Zealand and continues to expand its presence internationally, particularly in North America.

Peter Neale, Chief Executive Officer of Orikan, said:

“This transaction is a significant milestone for Orikan and reflects the strength of our people, customers, technology and long-term strategy. Over recent years, in partnership with Five V Capital, we have transformed Orikan into the market leader, offering a truly holistic, end-to-end technology platform, serving government and private sector customers. We are proud of what our team has achieved, thankful for the partnership with Five V Capital and excited about accelerating our momentum with EQT. The partnership with EQT provides the opportunity to continue to create more value for our customers and our people in the ANZ region, whilst accelerating our North American growth. It is an exciting step for our people and our customers.”

EQT, a leading global private markets firm, brings global platform experience and sector expertise in supporting businesses as they scale. Following completion of the transaction, EQT will partner with Orikan’s management team to support the Company’s next phase of growth, including through continued investment in service delivery, product development, customer operations, and data and AI capabilities.

EQT Managing Director, Jacob Van der Wiel, said:

“We have been highly impressed by Orikan’s best-in-class solutions, the talented team and long-standing customer relationships. EQT looks forward to partnering with Peter Neale and the broader management team to support Orikan’s continued growth, accelerate international expansion and further strengthen its position as a parking and mobility technology leader.”

Five V Managing Director, Justin England, said:

“We are incredibly proud of what Orikan has achieved during our partnership since the establishment of the company with Peter Neale as CEO in 2022. EQT’s extensive experience supporting technology platforms makes them an ideal partner for Orikan’s next chapter of growth.”

Five V Investment Director, Nick Larkin, added,

“We thank Peter, the management team and all Orikan employees for their commitment and contribution, and we look forward to seeing the business continue to thrive in the years ahead.”

The transaction is subject to customary closing conditions and regulatory approvals.

Five V Capital and Orikan were advised by Deutsche Bank, KPMG, BCG, PwC and Gilbert + Tobin.

About EQT

EQT is a purpose-driven global investment organization with EUR 269 billion in total assets under management (EUR 142 billion in fee-generating assets under management) as of 31 March 2026, within two business segments – Private Capital and Real Assets. EQT owns portfolio companies and assets in Europe, Asia Pacific and the Americas and supports them in achieving sustainable growth, operational excellence and market leadership.

More info: www.eqtgroup.com

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About Five V Capital

Five V Capital is one of Australia’s leading growth investment firms, partnering with exceptional founders, management teams and businesses across Australia and New Zealand. The firm provides capital, strategic support and access to an extensive network to help businesses accelerate growth and realise their full potential. With a team of 70, Five V currently manages over A$3.5 billion, supporting more than 25 ANZ companies with operations worldwide.

More info: Five V Capital

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