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New Deal


Announced

GV-led consortium to acquire a minority stake in The Wing from WeWork.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For-
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Single Bidder

co-working spaces

Minority

Friendly

Acquisition

Pending

Private Equity

United States

Real Estate Services

Private

Synopsis

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A GV-led consortium agreed to acquire a minority stake in The Wing, a network of work and community spaces designed for women, from WeWork, a co-working and space-as-a-service platform. Financial terms were not disclosed. "Last quarter, we articulated a long-term plan for disciplined growth and a clear path to profitability, and we continue to execute on this plan each day. These sales mark the latest progress in WeWork’s evolution and allow our talented team to focus on the core business and delivering an exceptional experience for our members," Artie Minson, We Work co-CEO.

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