Management buyout of FlexiOffices Limited
We recently acted for the sellers and roll over management team of FlexiOffices, one of the UK’s largest serviced office letting agents, on the sale, and subsequent management rollover, of the business to NVM Private Equity.
FlexiOffices, founded by Paul Slinn in 2000, are headquartered in London and have been finding office space for clients for over 16 years and represent 99% of the flexible office market place. FlexiOffices has grown sizeably as the working practices of the millennial generation and shifts in both technology and regulation combined to drive demand for more flexible office arrangements.
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.
Our Chairman, Ian Morris, said “It was a pleasure to have advised Paul Slinn and Claire Hodder on their exit and sale of FlexiOffices to NVM and to have acted for the roll over management team, Geraint Evans, Michael Dubicki and James Harrap, on this transaction. Paul and Claire have done a fantastic job in developing FlexiOffices over the past 18 years and the investment from NVM will help the management team accelerate FlexiOffice’s national and international growth in the upcoming years.”
Paul Slinn, Founder of FlexiOffices, said: “Ian and the EMW team were incredibly professional and personable throughout the course of the transaction. Ian’s pragmatic and commercial approach to the transaction helped significantly in getting the deal done for all parties involved. I would have no hesitation in recommending EMW for anyone looking for legal representation on a possible exit of their business.”
Geraint Evans, Managing Director of Flexioffices, said: “We were very impressed with Ian and his team as they managed a complicated process to the highest standard and the guidance from Ian was always clear, commercial and easy to understand. The EMW team were very easy to get on with – not your average lawyers!”
Our corporate team advise companies, management teams, investors and debt providers from business start ups and first round finance agreements through to mergers and acquisitions, management buy outs, development funding and then selling.
The team is ranked in the top tier for Corporate and Commercial work in The Legal 500 and Ian Morris is a ranked corporate lawyer in the Chambers and Partners guide. The team also won Corporate Law Firm of the Year at the Central and East of England Dealmakers Awards 2017.
If you would like to find out more about this deal, please contact Ian Morris or you can give us a call on 0345 070 6000.