Launched in early 2022, Solano Partners (Solano) is a next-generation boutique investment bank that works exclusively with businesses at the forefront of technological innovation.
Solano advised the shareholders of YourParkingSpace, the UK’s leading parking technology provider, on their sale to Flowbird Group, the global market leader in urban mobility solutions and consumer transport technology.
This landmark transaction, which will disrupt the parking and mobility industry on a truly global scale, exemplifies Solano’s mission to partner with technology businesses to drive transformative change and revolutionize the status quo.
The transaction is Solano’s third successful mandate since launch, which includes Global Processing Solutions’ $400m investment round by Advent International, Viking Global Investors, Temasek, and MissionOG earlier this year.
Solano was founded by Jon Edirmanasinghe, a technology investment banker and serial investor, alongside a dynamic team of entrepreneurs, advisors and investors, who recognised a need for independent, out-of-the-box thinking and specialist advice for fast growing technology businesses on a global basis.
Jon Edirmanasinghe, Founder of Solano Partners, said: “We are thrilled to have advised YourParkingSpace on a transaction that will undoubtably revolutionize the global parking technology and mobility landscape. The business had a vision to disrupt the sector when I met the team years ago and unsurprisingly they delivered. Harrison, Charles and YPS’ management are one of the most impressive teams I’ve come across and it was a pleasure working with them.
I’d also like to congratulate Pelican Capital who have achieved another impressive return on their second exit.”
Harrison Woods, Co-Founder and CEO of YourParkingSpace, said: “Thank you Solano for your unwavering support, strategic guidance and sustained tenacity throughout this process. We first met Jon when he seamlessly delivered our investment round at the height of Covid in 2020, which allowed us to deliver the growth we have achieved today. Choosing to partner with Solano earlier this year was a no brainer and our decision was reinforced by how Jon, Steph and the team went above-and-beyond to deliver this transaction. Thank you again.”