PE Firm Nabs Parking Company Begun By Obama Advisers

Law360, New York (December 9, 2011, 5:11 PM EST) -- Private equity firm Green Courte Partners LLC has bought The Parking Spot, an airport parking company founded by advisers to U.S. President Barack Obama, with plans to expand the company beyond its 40-plus locations, the investor said Friday.

Parking Spot owns and leases parking lots near major airports in cities including Los Angeles, Atlanta and Houston, according to a statement. Green Courte did not disclose the price it paid for Parking Spot, which was started by President Obama's campaign treasurer, Martin H. Nesbitt, and former campaign finance...
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