Arrowpoint Advisory advises The Office Group on its secondary buy-out from Bridges Venture
Arrowpoint Advisory has advised the management team of The Office Group on its secondary buy-out from Bridges Ventures backed by Travelex founder Lloyd Dorfman, in a deal worth 43.3 million.
The Office is a specialist provider of flexible office space with a portfolio of six sites in central London and one in Bristol, totaling 1350 workstations. The company creates unique offices that are simple and considered in design. A strong regeneration and local community focus also ensures a sustainable and eco-friendly working environment.
The deal enables the management team, of Charlie Green and Olly Olsen, to significantly enhance their ownership in the company and provides access to capital for the Group's ongoing expansion and development.
Richard Fetterman of Arrowpoint Advisory commented: "We were delighted to work with Charlie and Olly and we look forward to watching The Office Group prosper through this new chapter."