Parking reservation specialist ParkCloud is expanding its shareholder base with investment partner Mercia Fund Managers allowing the company to move forward with a new ownership structure.
Mercia Fund Managers’ equity stake, which has been invested through funding from its £45.1m EV Growth II Fund, will enable co-founders Joe Kennedy and Mark Pointon to step down, and ParkCloud’s founder and current managing director Mark Pegler to focus on the continued growth of the company...
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