Private Equity-owned Companies in Times Square 

328 W 39^th St.

Private equity owner: Macquarie Bank

Owned by private equity since: 2005

Deal value: $634 million

Employees: n/a

If you think parking in Manhattan is tough, it could be in part because the parking lot boss lives in Australia. In 2005, a consortium led by Australian bank fund Macquarie bought up Icon Parking’s parent company, TMO Parent for $634 million. Expensive as it is to park in New York, the real money lies below the garage. Less than six months after the buyout, Macquarie sold one parking lot to a hotel developer for an amazing $31 million. At that rate, the whole Icon portfolio could be worth billions to its private equity owner. In fact, if you drive anywhere in America, chances are you are contributing to Macquarie’s profits; in addition to Icon Parking, Macquarie owns a number of airport parking lots, toll-roads including the Dulles Greenway outside of Washington D.C. and the Chicago Skyway Tollway. If you live in Pennsylvania, you may even be paying Macquarie for your electricity since they recently purchased Duquesne Light.