Latest news with #PeterPark
Yahoo
03-06-2025
- Business
- Yahoo
Great Hill Partners Announces Strategic Growth Investment in Peter Park
Investment to Enhance Go-to-Market Capabilities and Accelerate Growth Opportunities MUNICH & LONDON, June 03, 2025--(BUSINESS WIRE)--Great Hill Partners, ("Great Hill"), a private equity firm that invests in high-growth, disruptive companies, today announced that it has agreed to make a majority investment in Peter Park System GmbH ("the Company"), a leading provider of digital parking solutions. Great Hill's investment will support the accelerated build-out of Peter Park's salesforce and technology, expand the Company's footprint, and help continue executing its ambitious growth strategy. As part of the investment, the family office of ARBAnova Familienstiftung will make an additional minority investment, and Maximilian Schlereth, Co-Founder and CEO of Peter Park, along with the founding management team, Patrick Bartler (COO), Stefan Schenk (CCO), and Christoph Heinle (CTO), will roll over their equity investments and continue to lead the Company. This investment in Peter Park will bring the Company's total growth financing to over €100 million to date. Peter Park is a Munich-based technology company redefining off-street urban parking with a fully digital, frictionless platform. In a sector long constrained by analog systems, high operating costs, and inefficient revenue models, Peter Park enables customers across various industries, including retail, healthcare, and tourism, to streamline operations and increase efficiency while enhancing user experience. The Company currently has more than 450 customers and over 90,000 parking spots across Germany, Austria, Switzerland, and Italy and has achieved 274% organic, year-over-year growth since 2021, accelerating the digitization of urban mobility. "We believe Peter Park is redefining what modern, digital parking can look like," said Drew Loucks, Managing Director at Great Hill Partners and head of the firm's London office. "We see a significant runway for growth in this market, and we believe Peter Park stands out from the competition with its highly sophisticated platform, seamless on-site implementation, and a truly customer-first approach. We're excited to partner with Maximilian and the Peter Park team to further their goal of turning outdated lots into connected, revenue-optimized mobility hubs." "As cities across Europe face growing pressure to reduce congestion and make smarter use of limited urban space, the need for scalable, digital parking infrastructure has never been more urgent," said Schlereth. "We're thrilled to welcome Great Hill as a value-add partner. Their proven track record of turbocharging growth through effective go-to-market strategies, deep operational expertise, and access to seasoned growth partners makes them the ideal fit for our next phase. With their support, we believe we're well-positioned to scale our salesforce, expand our footprint, and unlock new growth opportunities." Great Hill's investment in Peter Park will build on the Firm's recent momentum and activity across the UK and continental Europe since opening its London office in 2023. Great Hill has recently completed a number of investments in the region, including Vivup/Perkbox, BigChange and Dealfront. About Great Hill Partners Founded in 1998, Great Hill Partners is a private equity firm targeting investments of $100 million to $500 million in high-growth companies across the software, financial services, healthcare, consumer, and business services sectors. With offices in Boston and London, Great Hill has raised over $12 billion of commitments and invested in more than 100 companies, establishing an extensive track record of building long-term partnerships with entrepreneurs and providing flexible resources to help middle-market companies scale. Great Hill has been recognized for its industry leadership, being ranked in the top five of HEC Paris-Dow Jones' Mid-Market and Large Buyout Performance Ranking lists from 2021-2024. For more information, including a list of all Great Hill investments, please visit About Peter Park Peter Park System GmbH is a leading provider of AI-driven digital parking infrastructure, transforming traditional parking lots into fully automated, intelligent mobility hubs. Founded in Munich in 2019, Peter Park replaces outdated systems - such as paper tickets and physical barriers - with proprietary license plate recognition (ALPR) technology and a scalable, cloud-based platform. Designed for maximum operational efficiency and minimal friction, the system enables seamless, end-to-end automation across entire parking portfolios. Peter Park delivers a best-in-class customer experience for drivers and provides real estate owners, municipalities, airports, and healthcare facilities with centralized control, real-time analytics, and flexible monetization tools. Active in Germany, Austria, Italy, and Switzerland, the company is positioned at the forefront of the digital transformation in parking and mobility - shaping the future of how people arrive at and depart from destinations. Learn more about Peter Park here About ARBAnova Founded by the entrepreneurs Marianne and Reinhold Barlian in 2017, the family office of the trust invests into mid-sized companies and startups via its venture arm. View source version on Contacts Media: For Great Hill Partners FGS Globalgreathill@ (212) 687-8080 For Peter Park Press and Communicationpresse@ +49 152 23087890 Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Business Wire
03-06-2025
- Business
- Business Wire
Great Hill Partners Announces Strategic Growth Investment in Peter Park
MUNICH & LONDON--(BUSINESS WIRE)--Great Hill Partners, ('Great Hill'), a private equity firm that invests in high-growth, disruptive companies, today announced that it has agreed to make a majority investment in Peter Park System GmbH ('the Company'), a leading provider of digital parking solutions. Great Hill's investment will support the accelerated build-out of Peter Park's salesforce and technology, expand the Company's footprint, and help continue executing its ambitious growth strategy. As part of the investment, the family office of ARBAnova Familienstiftung will make an additional minority investment, and Maximilian Schlereth, Co-Founder and CEO of Peter Park, along with the founding management team, Patrick Bartler (COO), Stefan Schenk (CCO), and Christoph Heinle (CTO), will roll over their equity investments and continue to lead the Company. This investment in Peter Park will bring the Company's total growth financing to over €100 million to date. Peter Park is a Munich-based technology company redefining off-street urban parking with a fully digital, frictionless platform. In a sector long constrained by analog systems, high operating costs, and inefficient revenue models, Peter Park enables customers across various industries, including retail, healthcare, and tourism, to streamline operations and increase efficiency while enhancing user experience. The Company currently has more than 450 customers and over 90,000 parking spots across Germany, Austria, Switzerland, and Italy and has achieved 274% organic, year-over-year growth since 2021, accelerating the digitization of urban mobility. 'We believe Peter Park is redefining what modern, digital parking can look like,' said Drew Loucks, Managing Director at Great Hill Partners and head of the firm's London office. 'We see a significant runway for growth in this market, and we believe Peter Park stands out from the competition with its highly sophisticated platform, seamless on-site implementation, and a truly customer-first approach. We're excited to partner with Maximilian and the Peter Park team to further their goal of turning outdated lots into connected, revenue-optimized mobility hubs.' 'As cities across Europe face growing pressure to reduce congestion and make smarter use of limited urban space, the need for scalable, digital parking infrastructure has never been more urgent,' said Schlereth. 'We're thrilled to welcome Great Hill as a value-add partner. Their proven track record of turbocharging growth through effective go-to-market strategies, deep operational expertise, and access to seasoned growth partners makes them the ideal fit for our next phase. With their support, we believe we're well-positioned to scale our salesforce, expand our footprint, and unlock new growth opportunities.' Great Hill's investment in Peter Park will build on the Firm's recent momentum and activity across the UK and continental Europe since opening its London office in 2023. Great Hill has recently completed a number of investments in the region, including Vivup/Perkbox, BigChange and Dealfront. About Great Hill Partners Founded in 1998, Great Hill Partners is a private equity firm targeting investments of $100 million to $500 million in high-growth companies across the software, financial services, healthcare, consumer, and business services sectors. With offices in Boston and London, Great Hill has raised over $12 billion of commitments and invested in more than 100 companies, establishing an extensive track record of building long-term partnerships with entrepreneurs and providing flexible resources to help middle-market companies scale. Great Hill has been recognized for its industry leadership, being ranked in the top five of HEC Paris-Dow Jones' Mid-Market and Large Buyout Performance Ranking lists from 2021-2024. For more information, including a list of all Great Hill investments, please visit About Peter Park Peter Park System GmbH is a leading provider of AI-driven digital parking infrastructure, transforming traditional parking lots into fully automated, intelligent mobility hubs. Founded in Munich in 2019, Peter Park replaces outdated systems - such as paper tickets and physical barriers - with proprietary license plate recognition (ALPR) technology and a scalable, cloud-based platform. Designed for maximum operational efficiency and minimal friction, the system enables seamless, end-to-end automation across entire parking portfolios. Peter Park delivers a best-in-class customer experience for drivers and provides real estate owners, municipalities, airports, and healthcare facilities with centralized control, real-time analytics, and flexible monetization tools. Active in Germany, Austria, Italy, and Switzerland, the company is positioned at the forefront of the digital transformation in parking and mobility - shaping the future of how people arrive at and depart from destinations. Learn more about Peter Park here About ARBAnova Founded by the entrepreneurs Marianne and Reinhold Barlian in 2017, the family office of the trust invests into mid-sized companies and startups via its venture arm.
New York Times
11-04-2025
- General
- New York Times
A Fatal Helicopter Crash in the Hudson River
Good morning. It's Friday. We'll get details on the crash of a sightseeing helicopter in the Hudson River. We'll also find out about new 'quality of life' teams that the Police Department plans to deploy to fight minor crimes. Thousands of sightseeing flights take off from the heliports in and around New York City every year. The passengers oooh and ahhh as they cruise over landmarks like the Statue of Liberty. They pick out the Empire State Building, One World Trade Center and the Brooklyn Bridge. They pay around $400 a person for as much as 25 minutes in the sky. It was one such flight that went down on Thursday, at least the third fatal incident involving a sightseeing helicopter in the city in the last 15 years. Aboard the aircraft, a Bell 206, were Augustín Escobar, the president of the Spanish branch of the technology company Siemens, and his wife and their three children, two officials said. The family was killed, as was the pilot, who was not identified. The helicopter took off from Lower Manhattan and flew as high as 1,200 feet before dropping to about 600 feet, according to FlightAware, a flight-tracking database. Its speed was 102 miles an hour just before the drop in altitude. On the ground, witnesses described the flight's final moments. Some said they heard a loud noise and saw the helicopter drop into the river without its rotor. Peter Park, who works about a block from the Hudson in Jersey City, said he saw black smoke trailing from an aircraft — and the unattached rotors falling into the water. Mandy Bowlin, visiting New York from Chattanooga, Tenn., listened as the announcer on her Circle Line tour boat told passengers that they had passed the site of the 'Miracle on the Hudson' landing, the 2009 splashdown of a US Airways jet that had taken off from LaGuardia Airport. Off one side of the boat, they saw the helicopter nose-diving into the water and debris raining down. The helicopter had been in the air for about 15 minutes. It had taken off from the city-owned heliport at Pier 6 in Lower Manhattan that was renamed the Downtown Skyport last week after a new company took over operations there, replacing one that had run the facility for 18 years. Not all of the heliport's flights are for tourism: It is where Marine One touches down when a president travels to Manhattan and where a government helicopter carrying Luigi Mangione landed after he was arrested in Pennsylvania and extradited to face charges in the shooting of an insurance executive on a Manhattan street last December. The city and the new operator of the heliport see a future of electric-powered copters and a so-called 'blue highway' there where barges could drop off shipments of packages for delivery in Lower Manhattan. That would mean fewer trucks would go into Lower Manhattan. It would also mean less noise, because officials say the electric-powered craft would be quieter than conventional helicopters. But electric-powered copters have yet to receive federal approval for commercial flights. The helicopter that went down on Thursday was operated by New York Helicopter Charter, a local excursion company, said Michael Roth, the company's chief executive. Roth said he did not know what had gone wrong with the aircraft, which his company had leased from its Louisiana-based owner. Expect a rainy day with temperatures in the high 40s. The temperature will drop to around 38 tonight as the rain continues into Saturday. In effect until Saturday (Passover). The latest New York news New police teams will fight minor crimes Next week the New York Police Department will start sending out teams to crack down on minor crimes like homeless encampments and public urination. Critics say the program will give the police license to harass low-income people. Police officials said the new Quality of Life division would go into operation on Monday with six commands across the city, including one covering several housing developments. The program will dispatch officers to respond to 311 complaints, which officials say have risen steadily even though major violent crimes have dropped. Last week Jessica Tisch, the police commissioner, said the number of shootings in the first three months of 2025 was the lowest since 1994. The new units are drawing criticism even before they hit the streets. Advocates of police reform fear the new 'Q Teams' will be like the street crime units of a quarter-century ago, when Rudolph Giuliani was mayor and Amadou Diallo, an unarmed immigrant from West Africa, was shot to death by four white officers assigned to such a unit. Tisch said on Thursday that the new division was not part of a 'zero tolerance' policing philosophy, but rather a response to complaints that the city feels unsafe. And Mayor Eric Adams said the initiative would take public safety 'to the next level.' 'We will not tolerate an atmosphere where anything and everything goes,' he said at a news conference with Tisch. Tisch foreshadowed the new division in her 'State of the N.Y.P.D.' address in January. After a pilot phase, the program will expand to cover the entire city. That will require a reorganization of nearly 2,000 members of the Police Department, Tisch said. The department is also introducing 'QStat,' a system to track quality-of-life complaints the same way that the Police Department's CompStat database tracks criminal complaints. Hey, Hey Dear Diary: On July 15, 1967, my brother drove my best friend and me, two 13-year-old girls, to Forest Hills Stadium to see the Monkees. We rode squeezed into his 1957 TR-3 with the top down. The show was one of eight that Jimi Hendrix opened for the band, but we went to see them, and Davy Jones, my idol, in particular. The next morning, Sunday, we and about 20 other fans waited outside the Waldorf Astoria, where the band was staying. Jimi Hendrix emerged from the hotel first. He signed autographs as he walked to a cab. Then I caught a glimpse of Micky Dolenz and Michael Nesmith. Davy Jones came out next and got into a cab alone. As it drove off, I ran after it up the empty avenue. Out of breath, I caught up to it at a red light. Davy was sitting in the rear seat with the window open. We looked at each other. I didn't know what to say. One word came out: 'Shake.' I stuck my hand through the window, and Davy Jones shook it. The light turned green, and the taxi drove off, leaving me with the indelible memory of his hand in mine and the look of his beautiful eyes. — Dinah Wells Illustrated by Agnes Lee. Send submissions here and read more Metropolitan Diary here. Glad we could get together here. See you tomorrow. — J.B. P.S. Here's today's Mini Crossword and Spelling Bee. You can find all our puzzles here. Stefano Montali and Ed Shanahan contributed to New York Today. You can reach the team at nytoday@ Sign up here to get this newsletter in your inbox.
