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Our Work

Latham Advised Monroe Capital on LLR Partners and FTV Capital’s Investment in ParkHub and JustPark Merger

May 9, 2024
Multidisciplinary team represent the asset management firm in funding of senior credit facility.

Monroe Capital LLC (Monroe) has announced it acted as sole lead arranger and administrative agent on the funding of a senior credit facility to support the merger and future growth of ParkHub and JustPark by LLR Partners and FTV Capital. Based in Dallas, Texas, ParkHub is a leading provider of parking management software and payments solutions, including facilitating payments and delivering real-time business insights for parking operators and venue management companies across North America, serving some of the largest sports and entertainment venues, universities, municipalities, and commercial asset holders. Based in the United Kingdom, JustPark is a leading app-based parking reservations technology and payments platform. The combination creates a full-service parking software and payments solution for customers across North America and the United Kingdom. Together, the combined company serves more than 20 million drivers and more than 500 B2B customers, representing US$1 billion+ in booking volume.

Latham & Watkins LLP represented Monroe Capital in the transaction with a transactional deal team led by partners Jason Bosworth and Haim Zaltzman, with associates Hai Pham, Ted Bantle, Jake Ibrahim, and Kathy Page; on benefits matters by partner Julie Crisp; on UK banking matters by partner Ross Pooley, with associate Liam Feng;* on tax matters by partners Bora Bozkurt and Karl Mah and Aoife McCabe, with associates Isabella Wong** and Michael Yu; and on data and technology transactions matters by partner Fiona Maclean, with associates Elva Cullen and Victoria Wan. 

*Admitted to practice in New York only
**Admitted to practice in Australia only