We were delighted to have been advisers to Pelican Capital on the sale of YourParkingSpace to Flowbird Group.
Richard Morrison, Partner, at Pelican Capital, commented: “Claritas worked with Pelican on the investment in YourParkingSpace in September 2020 and have now also provided invaluable advice throughout this sale process. There were a number of complexities from a tax perspective for investors and management to navigate, and the support we received from Iain Wright and Adam Keates at Claritas was essential in achieving the right result for all parties.
Adam Keates, Senior Manager, adds: We’re absolutely delighted to have been involved in this exciting deal. The dynamic YourParkingSpace management team, with backing from Pelican Capital, have created a market-leading technology business and we’ve no doubt they will go from strength to strength within the Flowbird group. This exit is another incredibly successful result for Pelican, and we look forward to working with them again in the future.
