Rothschild & Co’s mid-market Debt Advisory team, Arrowpoint Advisory has advised Apiary on securing acquisition financing to support its investment in Orega, one of the UK’s leading providers of flexible workspace through management agreements.
Established in 2001, Orega is one of the UK’s leading providers of flexible workspace, offering stylish and modern spaces without the constraints of traditional leases. The company has expanded rapidly over the last three years, and now operates 25 centres across the UK, including eight in London. Orega operates under management agreements in partnership with landlords and corporate occupiers, offering high-end workspaces to over 10,000 customers covering c.675,000 sq ft.
Apiary is a UK-based private equity firm specialising in supporting owner-managed businesses with proven business models and defensive characteristics that operate in the business, financial, technology, education and healthcare services sectors.
The financing, provided by DunPort Capital and OakNorth Bank PLC, will support the transaction and Orega’s continued growth, including its expansion into new locations and services.
Isabella Boman-Flavell, Investment Director at Apiary, commented: “We very much enjoyed working with Neil, Randal, and Alex. Their deep market expertise and relationships have helped us secure a financing package that supports Orega's exciting growth ambitions. We look forward to working with them again in the future.”
Randal Pringle, Director at Rothschild & Co, Arrowpoint Advisory, highlighted: “We are delighted to have supported Apiary on the acquisition financing for its investment in Orega. With its established management agreement model and experienced leadership team, Orega has a strong platform for further growth. The financing secured supports the transaction and provides a foundation for the business’s expansion alongside Apiary. It was a pleasure to work with the team on this important investment.”
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