KKR Said in Talks to Buy The Parking Spot in $1.4 Billion Deal

KKR & Co. is in advanced talks to acquire The Parking Spot, an owner and operator of parking properties near airports, according to people with knowledge of the matter.

The alternative-asset manager’s deal for the Chicago-based company values it at about $1.4 billion, some of the people, asking not to be identified discussing confidential information. A transaction may be announced in coming weeks, though the deal hasn’t been finalized and could still fall apart, another person said.

A KKR spokesperson declined to comment and a representative for Green Courte Partners, owner of The Parking Spot, didn’t respond to requests ...