ICFG UK advised MET Parking Services on their multi-million £ development capital funding from ThinCats
| Seller | MET Parking Services |
| Target | MET Parking Services |
| Deal Type | Debt & Equity Financing |
| Buyer | Thincat |
| Territory | UK |
| Transaction Description | Established in 2005, MET is a car park services operator, providing a comprehensive range of tailored parking management and enforcement services to over 500 private land sites throughout the UK, using leading edge technology solutions. Led by CEO David Marks, MET has built a business based upon customer service and brand awareness, balancing clients’ operational requirements with the need to manage their brand, facilitating the winning of contracts from internationally renowned brands whilst at the same time distinguishing itself from the less reputable operators in this sector. David Marks, working alongside HMT, sought to raise development capital to deliver on a transformational pipeline of new sites, expanding on the traction built up by MET over recent years, and enable the business to progress acquisition targets. HMT, with their expertise of Mid-Market debt and equity funders acted as lead advisers to MET to provide the required development capital from a partner seeking to support its ambitious growth plans. Having recently worked on a previous successful transaction, ThinCats were identified as the right fit moving forwards. |
| Industry Sector | Transports & Logistics |
| ICFG Office | Henley-on-Thames |
ICFG UK advised MET Parking Services on their multi-million £ development capital funding from ThinCats
| ICFG member based in the UK, HMT LLP, advised parking management solutions business, MET Parking Services Ltd (“MET”) on their fundraising. ThinCats provided a multi-million-pound funding package to enable the business to dramatically accelerate its growth plans. |
