Five V Capital divests Orikan to EQT

Five V Capital is pleased to announce it has signed a definitive agreement to divest Orikan to global private markets firm EQT Group.

Orikan is a leading provider of integrated parking, enforcement and compliance technology solutions. Across multiple jurisdictions, Orikan's modern integrated platform supports hundreds of customers across government, transport, healthcare and education. The company has established a leading position across Australia and New Zealand and continues to expand its international presence, particularly in the United States

Since Five V's Fund IV partnered with founder Declan Ryan to invest in Orikan in October 2022, we have worked closely with management to accelerate the company's growth and strengthen its market position. Together with CEO Peter Neale and the broader management team, we have supported a significant cloud transformation, expansion into New Zealand and the United States, together with investment in complementary technology products.

The transaction is expected to close by the end of 2026 and is subject to customary regularly approvals.

We are incredibly proud of what the Orikan team has achieved and are excited to see the business continue its growth under EQT's ownership.

We thank founder Declan Ryan and CEO Peter Neale, together with the entire management team, for their partnership throughout our investment.

Thank you to all parties supporting Orikan Group with the transaction: Deutsche Bank, Gilbert + Tobin, KPMG, PwC

Srdjan Dangubic Justin England Nick Larkin Andrew Kilner

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