Latham Represents Institutional Investor Consortium in Connection With a Private Capital Transaction for Reimagined Parking

Reimagined Parking (the Company), one of the world’s leading tech-powered, people-driven parking solutions providers, has announced the successful completion of a private capital transaction designed to strengthen the Company’s capital structure and support its leading position in the industry and long-term operational objectives. As a result of the transaction, the Company significantly reduced its senior secured debt through an infusion of new capital from the Company’s existing financial partners. The transaction brings the Company under the ownership of a consortium of institutional investment management firms with deep experience in driving financial and operational growth in various industries.

Latham & Watkins LLP advised the investor consortium in the transaction with an M&A and finance team led by New York M&A partner Daniel Mun and New York finance partners Conray Tseng and Victor Ludwig, with New York corporate associates Ransel Potter, Ozden Samur-LaBruna, Alex Storozum, and Jennifer Danilenko, and New York finance associates Beste Bozkurt and Angela Lin. Advice was provided on restructuring matters by Washington, D.C. partner Andrew Sorkin and Los Angeles counsel Jeffrey Mispagel; on tax matters by New York partner Jocelyn Noll, with associates Lukas Kutilek, and Joyce Shin; on labor and employment matters by Chicago partner Nineveh Alkhas; on executive compensation, employment, and benefits matters by Chicago counsel Leah Segall and New York counsel Rifka Singer, with Chicago associate Kevin Matheny; on antitrust and competition matters by Washington, D.C. counsel Britton Davis; on CFIUS and national security matters by Washington, D.C. counsel Catherine Hein, with associate Katherine Ryan; on ex-US antitrust and FDI matters by Frankfurt/Düsseldorf partner Max Hauser, with associate Tobias Becker; on litigation matters by New York partner Kuan Huang; and on insurance matters by New York counsel Benjamin Lee.