Alantra advised ParkJockey on Investment from Leading Technology Investment Fund and Subsequent Parking Operator Acquisitions

Mar 2018

Capital raise

Alantra is pleased to announce that ParkJockey, a provider of a next-generation technology platform aimed at optimizing parking real estate, has secured an investment from a leading global technology investment fund. As part of the transaction, ParkJockey has acquired two traditional parking operators with presence across US and Canada; Citizens Parking Inc., and Imperial Parking Corporation (“Impark”).

Founded by entrepreneurs Ari Ojalvo, Aziz Ihsanoglu and Philippe Saint-Just, ParkJockey utilizes proprietary software and best-in-class hardware to make the parking experience more efficient for customers and help real estate owners maximize the value of their parking space.

“This was a complex and unique transaction and we found in the Alantra team true business partners that remained by our side throughout the entire process,” said Ari Ojalvo, CEO of ParkJockey.