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New Deal


Announced

Blackstone-backed The Office Group to merge with Fora.

Financials

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Transaction Value-
Consideration TypeCash
Capital Owned-
Capital Bid For100%
EV/Sales-
EV/EBITDA-
Share Price Premium-
One Off Charge-

Tags

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Pending

United Kingdom

Private

shared workspace

Merger

Acquisition

Domestic

Recreational Services

Friendly

Private Equity

Synopsis

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Blackstone Group-backed The Office Group, an office owner, agreed to merge with Fora, a flexible workspace provider. Financial terms are not disclosed. “We have seen a clear and growing need from corporates for better quality environments, with great amenities, beautiful design and that are easily accessible. The combination of our businesses would ensure that we are best placed to meet this growth opportunity in both the UK and Europe, offering existing and potential members even greater choice,” Olly Olsen, Office Group Co-Founder.

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