Private equity has swooped on the digital arm of office firm IWG. CVC Capital, whose portfolio includes stakes in Six Nations Rugby and the RAC, is one of several suitors to approach the FTSE 250 firm about possibly buying The Instant Group (TIG), which advises businesses on their office space needs. Target: CVC is one of several suitors to approach IWG about possibly buying The Instant Group, which advises businesses on their office space needs. IWG also held preliminary discussions last year with New York-based private equity group CC Capital regarding the sale of all or part of the business. Aside from TIG, IWG’s brands include luxury workspace business Signature, Basepoint and flexible office space brand Central Working.

Source: Daily Mail November 08, 2022 04:22 UTC