Orikan Joins EQT in Next Phase of Growth as Acquisition Completes

Orikan, a leading provider of integrated parking, enforcement and compliance technology solutions across Australia, New Zealand and North America, today announced the completion of its acquisition by BPEA EQT Mid-Market Growth Partnership (the “MMG Fund” or “EQT”).

The deal, first announced in July, has received all required regulatory approvals. EQT acquires Orikan from Five V Capital, which has backed the business since its formation in 2022.

EQT, a leading global private markets firm, brings deep experience in the international expansion of technology businesses. With the transaction now complete, EQT will work with Orikan’s management team on the company’s next phase of growth.

“This is a proud moment for everyone at Orikan,”
said Peter Neale, Chief Executive Officer of Orikan.

“EQT’s backing will support our expansion in North America and beyond, along with further investment in our products, data and AI capabilities. Our customers will be the first to benefit through accelerated product development, stronger service delivery, and greater innovation. I welcome EQT as a partner that shares our commitment to them.

This milestone belongs to many people.

Thank you to Declan Ryan, Sandy Del Papa and Steve Toal (Co-Founders DCA Cities) and Mark Oliver (Founder, New Zealand’s Global Parking Solutions) whose businesses lay the foundations for Orikan in 2022. This also would not have been possible without Five V Capital, which has been with us from the start. I thank the Five V team for their guidance and belief in Orikan. Last but certainly not least, I thank our team across Australia, New Zealand and North America, whose skill and commitment built the business Orikan is today.”

EQT Managing Director, Jacob Van der Wiel, said:

“We are delighted to welcome Orikan to the EQT portfolio. Orikan has built a strong position in Australia and New Zealand, providing integrated technology solutions that councils, operators and communities rely on. We see a significant opportunity to back Orikan’s expansion into new markets. We have great confidence in Peter and the management team and look forward to partnering with them on the next phase of Orikan’s growth.”

Five V Managing Director, Justin England, said:

“It has been a privilege to support Orikan since 2022. The credit for its success belongs to Peter and the team, whose vision and hard work have built an exceptional business. We wish Orikan and EQT every success.”

About EQT

EQT is a purpose-driven global investment organization with EUR 354 billion in total assets under management, including 195 billion in fee-generating assets under management as of 30 September 2026, within four business segments – Private Capital, Infrastructure, Real Estate and Secondaries. EQT owns portfolio companies and assets in Europe, Asia Pacific, the Americas and Middle East 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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Investment Enquiries
Isabella Pettiford – Head of Investor Relations
investors(at)fivevcapital.com
+61 401 946 406