Hogan Lovells Advises Towne Park on Recapitalization by TA Associates
06 January 2014
WASHINGTON, D.C. 6 January 2014 –Towne Park, a provider of outsourced parking management and other specialized hospitality services to the hotel and healthcare industries has completed a recapitalization in which TA Associates, a leading global growth private equity firm, made a majority investment. Hogan Lovells advised Towne Park in the transaction.
As part of the deal, Towne Park management maintained a significant stake in the company. In addition, existing investor Camden Partners sold its stake in Towne Park, and HarbourVest Partners, also a current shareholder, re-invested in the company.
The Hogan Lovells team was led by Corporate Partners Henry Kahn (Baltimore) and Greg Parisi (Washington, D.C.) and included Corporate Partner Richard Horan (Northern Virginia), Corporate associates Nathaniel DeRose (Washington, D.C), Brandon Simmons (Washington, D.C.), and Derrik Forshee (Baltimore), Tax Partner Scott McClure (Washington, D.C.), Employee Benefits Partner Christian Chandler (Washington, D.C.), Employee Benefits associate Margaret McIntyre, Finance Partner Gordon Wilson (Washington, D.C.), Employment Counsel Christine Burke (Northern Virginia), Hart-Scott-Rodino Partner Michelle Harrington (Northern Virginia), and Hart-Scott-Rodino associate Charles Dickinson (Washington, D.C.).