EQT has agreed to acquire Orikan, a leader in end-to-end parking technology solutions across Australia, New Zealand and North AmericaEQT will partner with Orikan’s management team to support the Company’s next phase of growth through continued investment in product innovation, AI & data capabilities, service delivery, customer experience, and international expansionThe investment continues the build-out of EQT’s Asia mid-market strategy, which complements the firm’s flagship large-cap strategy by building on EQT’s prior sector experience to identify adjacent opportunities where the firm can deploy its expertise and help companies accelerate growth 

SYDNEY, July 6, 2026 /PRNewswire/ — EQT today announced that BPEA EQT Mid-Market Growth Partnership (the “MMG Fund” or “EQT”), has agreed to acquire Orikan (the “Company”), a leading provider of integrated parking, enforcement, and compliance technology solutions.

Headquartered in Melbourne, Orikan provides integrated parking operations and enforcement and infringement management services, supported by software, hardware, payments and data capabilities designed and operated by the Company. With nearly 400 employees, the Company serves hundreds of government and private sector customers – including universities, airports, hospitals and stadiums – across Australia, New Zealand, and North America.

Orikan helps customers manage complex parking operations more effectively across the full parking lifecycle, as cities become more connected and demand for smarter infrastructure and outsourced operational support grows. EQT will partner with Orikan’s management team to support the next phase of growth through continued investment in service delivery, product development, customer operations, and data and AI capabilities. Drawing on its global platform experience and sector expertise in technology-enabled services, EQT will support Orikan as it identifies opportunities to expand into adjacent customer segments and international markets. 

Nicholas Macksey, Co-Head of EQT Private Capital Asia and Head of the Mid-Market Growth strategy, said: “Orikan is a business we have followed closely and one that fits well with EQT’s Asia mid-market strategy, with a clear opportunity for EQT to support its next stage of growth. We see significant potential to help the Company continue investing in innovation, strengthen its customer offering and expand into adjacent markets. Importantly, we can bring the full resources of EQT’s regional footprint, sector expertise and industrial advisor network to support the management team as Orikan pursues selected international growth opportunities.” 

Jacob Van der Wiel, Managing Director in the EQT Private Capital Asia Team, said: “We have been impressed by the quality of Orikan’s technology, the strength of its management team and the trusted relationships it has built with customers across Australia, New Zealand, and North America. Orikan’s unique combination of best-in-class proprietary technology and comprehensive operational support services is highly differentiated and has generated a loyal following among Orikan’s customer base. We look forward to working closely with the team to continue to accelerate Orikan’s growth and help the Company reach its full potential as a global leader in parking and mobility solutions.” 

Peter Neale, Chief Executive Officer of Orikan, said: “We are thrilled to partner with EQT as we enter the next stage of Orikan’s growth. EQT shares our long-term vision and brings deep experience in scaling high-growth, technology-enabled businesses. Together, we will continue investing in our people, platform and service capabilities, while continuing to provide the high level of service our customers rely on every day. It is an exciting day for our people and our customers”

This investment continues the build-out of EQT Private Capital Asia’s mid-market strategy, which complements the firm’s flagship large-cap strategy by investing in high-quality businesses across Asia Pacific. EQT’s first dedicated Asia mid-market fund, the MMG Fund, closed in May 2024 with USD 1.6 billion in total fund commitments, above its original USD 750 million target. The strategy has since deployed capital across a diversified portfolio of quality, high-growth businesses, reflecting the depth of opportunity across Asia and EQT’s long-term commitment to supporting companies at different stages of development. Recent investments include PropertyMe in Australia and MAMEZO in Japan.

The transaction is subject to customary conditions and approvals.

Contact:
EQT Press Office, press@eqtpartners.com

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SOURCE EQT

DUBAI, UAE, July 6, 2026 /PRNewswire/ — Wego, the number 1 travel app and the largest online travel marketplace in the Middle East and North Africa (MENA), has announced a strategic partnership with Tourism Malaysia to showcase the destination’s diverse travel offerings and inspire travelers across the MENA region to explore Malaysia’s unique blend of culture, nature, gastronomy, wellness, and family-friendly experiences.

The partnership will see Wego and Tourism Malaysia collaborate on targeted campaigns and destination-focused storytelling, highlighting Malaysia’s wide appeal from the vibrant energy of Kuala Lumpur and the heritage-rich streets of George Town to the pristine beaches of Langkawi, the rainforests of Sabah and Sarawak, and the country’s renowned culinary traditions. Together, the two organizations aim to inspire MENA travelers to go beyond the familiar and discover the many dimensions Malaysia has to offer.

Malaysia’s multicultural character, festival calendar, night markets, and diversity of landscapes make it one of Southeast Asia’s most compelling destinations for travelers seeking variety within a single trip. Whether visiting for a family holiday, a nature escape, a cultural journey, or a wellness retreat, Malaysia offers experiences suited to a wide range of travel interests and styles.

Commenting on the partnership, Mamoun Hmidan, Chief Business Officer at Wego, said: “Malaysia has consistently ranked among the most sought-after destinations for travelers from the MENA region, and for good reason. The country offers a remarkable combination of culture, nature, gastronomy, and leisure that few destinations can match. Through our partnership with Tourism Malaysia, we are committed to inspiring travelers to look beyond the well-known highlights and discover the full depth of what Malaysia has to offer, whether that’s a family beach break, a rainforest adventure, a cultural city tour, or simply some of the best food in the world.”

Zaidi Kassim, Director of Tourism Malaysia, Jeddah, added: “Malaysia’s diversity is its greatest strength from our vibrant cities and UNESCO-listed heritage sites to our tropical islands, ancient rainforests, and world-class cuisine. We are delighted to partner with Wego, a platform that reaches millions of travelers across the MENA region, to bring Malaysia’s story to a wider audience. Together, we look forward to welcoming more visitors from the Middle East and sharing the warmth, richness, and spirit of hospitality that defines the Malaysian experience.”

With Malaysia continuing to attract strong interest from MENA travelers, this partnership reinforces both organizations’ shared commitment to inspiring meaningful travel and supporting the growth of tourism between the two regions. Through curated content, travel insights, and targeted campaigns, Wego and Tourism Malaysia will work together to turn travel inspiration into bookings and help more travelers from across MENA experience everything Malaysia has to offer.

About Wego

Wego is the number one travel app and the largest online travel marketplace in the Middle East and North Africa (MENA). Combining a dynamic travel marketplace with on-platform bookings, Wego enables travelers to easily search, compare, and book flights and hotels across hundreds of airlines, hotels, and online travel agencies. Beyond its B2C marketplace, Wego also operates WegoPro, a next-generation business travel platform, and WegoBeds, a MENA-focused bedbank. The company is dual-headquartered in Singapore and Dubai with offices in Bangalore and Mumbai.

For more information, visit www.wego.com

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NestBloom showcases its freeze-dried Bird’s Nest Blooms at the Singapore Boutique Fair in Bangkok, blending traditional wellness with modern food innovation.

BANGKOK, July 6, 2026 /PRNewswire/ — Bird’s nest, a delicacy that traditionally takes hours to prepare, is now available in a version that takes five minutes. Singapore wellness brand NestBloom made its Thailand debut today, launching its freeze–dried Bird’s Nest Blooms at the Singapore Boutique Fair in Bangkok.

The product is handcrafted into floral shapes using a proprietary freeze drying process inspired by traditional Chinese wellness recipes. Simmered for more than four hours beforehand, the bird’s nest retains up to 95 percent of its nutrients while extending shelf life without preservatives.

The blooms unfold within minutes when hot water is added, offering a dessert and sensory experience. This makes bird’s nest more accessible to busy consumers without losing its traditional quality and authenticity.

NestBloom, distributed by Love & Bloom Pte Ltd and based in Singapore, has also applied the same freeze drying method to other product lines, including fish maw and snow fungus, as part of its regional expansion across Southeast Asia.

Love & Bloom Pte Ltd Business Director Jean Ng said many traditional Asian wellness foods have become difficult to fit into modern routines.

“At NestBloom, we aim to preserve these traditions while reimagining them through innovation, design and food technology.

“We hope our products inspire a younger generation to reconnect with their cultural heritage in a way that feels relevant, beautiful and convenient,” she said.

Jean Ng said the Thailand entry reflects a broader shift toward preventive wellness and functional nutrition, including consumer interest in beauty, immunity and healthy ageing. She said functional foods, which offer benefits beyond basic nutrition, are among the country’s fastest growing food categories, driven by rising health awareness and higher disposable incomes.

She added that Bangkok’s position as a regional hub for luxury retail and wellness brands, which draws affluent consumers and wellness travellers from across the region, supports demand for heritage ingredients presented in modern formats.

Jean Ng said this is part of a wider move toward modern interpretations of traditional Asian wellness, allowing the brand to reach both Thai consumers and international visitors familiar with Asian wellness products from Singapore.

NestBloom is positioned for personal use, gifting and postnatal wellness, and is expanding across Southeast Asia through retail partnerships, wellness collaborations and international distributors.

The Bird’s Nest Blooms are available for visitors to experience at the Singapore Boutique Fair in Bangkok. Those interested in partnership opportunities or product availability can contact the NestBloom team or visit www.nestbloom.com.

About NestBloom

NestBloom is a Singapore premium wellness brand distributed by Love & Bloom Pte Ltd, dedicated to reinventing traditional Asian nourishment through modern food innovation. Using proprietary freeze-drying technology, the company creates premium wellness products that preserve natural nutrition, while offering exceptional convenience and elegant presentation.

Its signature Bird’s Nest Blooms transform one of Asia’s most treasured delicacies into a five-minute wellness experience, combining heritage recipes with contemporary aesthetics. The brand has expanded into additional wellness categories including fish maw and snow fungus products, serving consumers who value health, beauty, and premium gifting.

NestBloom has been featured in Tatler and CNA Luxury and continues to expand across Southeast Asia through strategic retail and distribution partnerships.

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SOURCE NestBloom