Flexioffices

DEALS: Flexioffices

Flexioffices logo

THE DEAL

  • Sector: Business Services
  • Deal type: Acquisition, Debt Advisory
  • Deal size: Undisclosed
  • Year: 2018
  • Lead partner: Clive Hatchard

DEAL TEAM

Clive Hatchard Ian Milne Richard Boyden Simon Sherliker

Spectrum Corporate Finance has advised NVM Private Equity (NVM) on the firm’s investment into Flexioffices, one of the UK’s leading serviced office brokers, as part of the successful management buy-out.

Spectrum provided buy-side advisory services to NVM, assisting the firm with negotiations, deal structuring and debt advisory, as well as helping project manage the transaction through to completion.

Headquartered in London, and founded by Paul Slinn in 2000, Flexible office space provides a fully-inclusive, ready-to-go office solution and is available under licence agreements which are more flexible than traditional leases. The Flexi team are experts in finding the perfect workplace solutions for individuals, businesses and organisations through specialist knowledge of the entire UK flexible workspace market.

Led by an experienced management team, the company works with 3,000 flexible office facilities across London and the UK, offering a wide variety of styles and designs from traditional office space to modern and quirky. Flexioffices has relationships with many providers such as IWG, The Office Group, WeWork, Landmark, Citibase and London Executive Offices and some of its major clients include ASOS, Bovis Homes, Eventbrite, Spotify, Deliveroo and Argos.

Flexioffices secured £8.2 million of investment from NVM to accelerate their international growth and drive the continued development of their technology.

The deal is the second to complete under NVM's new fund.

“Market drivers in the flexible office space continue to be exceptionally strong. Flexioffices represents a unique opportunity within the sector to back a highly experienced management team that has done a fantastic job in growing the business to where it is today. NVM look forward to supporting Geraint and the team as they build on the good work already done. We enjoyed working with the team from Spectrum who went the extra mile to secure an appropriate debt package for the business.” Peter Hodson, Investment Partner of NVM Private Equity
“The business has achieved great things to date and now with NVM’s backing and an experienced management team, the business is set fair to play its part in the continued global appetite for flexible workspace.” Geraint Evans, Managing Director of Flexioffices