Jamieson has advised Management Team of The Instant Group on its merger with workspace network IWG plc’s digital businesses.
The agreement sees IWG buy the interests of existing shareholders of The Instant Group, Bowmark Capital and MML. The Instant Group’s management team will retain a significant equity stake and continue to run the business independently under the leadership of Tim Rodber (CEO) and Nick Land (Chairman).
The Instant Group and IWG will combine their digital assets, enabling the combined business to create a leading workspace marketplace for workers, corporates, and workspace owners.
The enhanced marketplace will serve more than 250,000 businesses in 175 countries, operating 24/7 through an integrated platform in more than 40 languages.
The merger will create more than 25,000 workspaces and will offer a range of services to clients including membership plans, virtual offices, office booking, managed offices, and consulting capability.
David Kirkpatrick commented:
“We were thrilled to be asked by Tim Rodber to support the management team on this transaction having previously advised the team when Bowmark invested in 2019. I’ve been impressed by their progress as they have continued to expand their capabilities in recent years, culminating in this deal to create the largest independent global marketplace for flexible workspace. We wish them continued success with this merger”
The Jamieson team was led by David Kirkpatrick and Richard Brumpton.