Led by Munich-based partner Dr Elisabeth Schalk, Taylor Wessing has provided comprehensive legal advice to the shareholders of Peter Park System GmbH, a leading provider of digital parking solutions, on the growth investment by private equity firm Great Hill Partners.

Great Hill's investment is intended to accelerate the expansion of Peter Park's sales activities and technology, strengthen the company's market presence and further drive its ambitious growth strategy. As part of the investment, the family office of the ARBAnova Family Foundation will take an additional minority stake. Maximilian Schlereth, founder and CEO of Peter Park, and the founding team - Patrick Bartler (COO), Stefan Schenk (CCO) and Christoph Heinle (CTO) - will continue to lead the company and remain shareholders. Great Hill's investment brings Peter Park's total growth capital to over 100 million euros.

About Peter Park

Peter Park System GmbH is a leading provider of AI-powered digital parking infrastructure that transforms conventional parking spaces into fully automated, intelligent mobility centres. Founded in Munich in 2019, the company replaces outdated systems - such as paper tickets and physical barriers - with proprietary licence plate recognition technology (ALPR) and a scalable, cloud-based platform. The system is designed to maximise operational efficiency and minimise disruption, enabling seamless, end-to-end automation of entire car park portfolios. Peter Park offers drivers a first-class customer experience and provides property owners, municipalities, airports and healthcare facilities with central control options, real-time analyses and flexible monetisation tools. The company is active in Germany, Austria, Italy and Switzerland and is at the forefront of digital transformation in the parking and mobility sector. It is shaping the future of how people arrive at their destination and set off. Further information can be found here.

About Great Hill Partners

Founded in 1998, Great Hill Partners is a private equity firm specialising in investments of between $100 million and $500 million in high-growth companies in the software, financial services, healthcare, consumer products and business services sectors. With offices in Boston and London, Great Hill has raised more than $12 billion in capital and has invested in more than 100 companies. The firm has a proven track record of building long-term partnerships with entrepreneurs and providing flexible resources to scale mid-market companies. Great Hill has been recognised for its industry leadership and ranked in the top five of the HEC Paris-Dow Jones Mid-Market and Large Buyout Performance Ranking lists from 2021 to 2024. For more information, including a list of all Great Hill's investments, please visit www.greathillpartners.com.

Legal advisor shareholder of Peter Park System GmbH