EQT has agreed to acquire Orikan, a leader in end-to-end parking technology solutions across Australia, New Zealand and North America
EQT will partner with Orikan's management team to support the Company's next phase of growth through continued investment in product innovation, AI & data capabilities, service delivery, customer experience, and international expansion
The investment continues the build-out of EQT's Asia mid-market strategy, which complements the firm's flagship large-cap strategy by building on EQT's prior sector experience to identify adjacent opportunities where the firm can deploy its expertise and help companies accelerate growth
SYDNEY, July 6, 2026 /PRNewswire/ -- EQT today announced that BPEA EQT Mid-Market Growth Partnership (the "MMG Fund" or "EQT"), has agreed to acquire Orikan (the "Company"), a leading provider of integrated parking, enforcement, and compliance technology solutions.
Headquartered in Melbourne, Orikan provides integrated parking operations and enforcement and infringement management services, supported by software, hardware, payments and data capabilities designed and operated by the Company. With nearly 400 employees, the Company serves hundreds of government and private sector customers – including universities, airports, hospitals and stadiums – across Australia, New Zealand, and North America.
Orikan helps customers manage complex parking operations more effectively across the full parking lifecycle, as cities become more connected and demand for smarter infrastructure and outsourced operational support grows. EQT will partner with Orikan's management team to support the next phase of growth through continued investment in service delivery, product development, customer operations, and data and AI capabilities. Drawing on its global platform experience and sector expertise in technology-enabled services, EQT will support Orikan as it identifies opportunities to expand into adjacent customer segments and international markets.
Nicholas Macksey, Co-Head of EQT Private Capital Asia and Head of the Mid-Market Growth strategy, said: "Orikan is a business we have followed closely and one that fits well with EQT's Asia mid-market strategy, with a clear opportunity for EQT to support its next stage of growth. We see significant potential to help the Company continue investing in innovation, strengthen its customer offering and expand into adjacent markets. Importantly, we can bring the full resources of EQT's regional footprint, sector expertise and industrial advisor network to support the management team as Orikan pursues selected international growth opportunities."