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Date: Mar 2020
Equity: £6m
Sector: Compliance Services

Wheelhouse Advisors is a specialist outsourced provider of prudential management, regulatory reporting and accounting, tax and human resources consultancy services to investment firms, their principals and other financial services professionals.

The London based business employs 40 staff and provides its services largely to clients in the UK alternative fund management industry. These clients are either directly regulated by the FCA or indirectly regulated via a regulatory hosting platform. Clients include start-up / spinout funds, established international firms expanding operations to the UK, and established overseas investment managers marketing funds into the UK and EU.

Pelican Capital invested £6m in March 2020 to back a management buyout of the business from its parent company ACA Compliance Group, a US based compliance firm.

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Your Parking Space
Date: Sep 2020
Equity: £5m
Sector: Parking Technology

YourParkingSpace is the UK’s leading provider of intelligent parking solutions. Its online marketplace processes thousands of parking space reservations daily from Britain’s motorists, and its commercial offering specialises in digitalising car parks to generate revenue from underutilised space whilst also streamlining the parking experience through its proprietary technology and live data analytics.

Alongside its 60,000 private space providers, the business also works with large commercial landlords such as supermarkets and hotel chains. In 2020 YourParkingSpace has been placed 170th in the FT1000 annual list of Europe’s fastest-growing companies, whilst also featuring in The Sunday Times Tech Track 100, as one of Britain’s fastest growing private technology companies.

Pelican invested £5m of growth capital into the business in September 2020. The funding will be used to further develop the platform as well as to invest in sales and marketing.

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