Bär & Karrer advise IWG on its merger deal with The Instant Group
IWG, a global supplier of flexible workspace solutions, has entered into the merger of certain of its digital and technology assets with The Instant Group, an independent provider of flexible workspace platforms and services.
IWG is investing GBP 270 million to acquire the shares, with Instant management expected to invest a further GBP 50 million into the combined business. The merger is taking place with the aim of listing the merged company on the US or UK market by the end of 2023.
The Instant Group’s newly enhanced marketplace will serve more than 250,000 businesses in 175 countries, operating 24/7 through an integrated platform in more than 40 languages. This radically enlarged marketplace will provide data and market choice that will enable “work from anywhere” plans for multi-national companies through to sole employee start-ups.
Bär & Karrer acts as Swiss legal advisor to IWG on this transaction The team is led by Mariel Hoch (pictured) and includes Urs Kägi, Luca Jagmetti, Sophie Aiko Müller, Dominic Leu and Jasmin Bächtold (all m&a), Susanne Schreiber and Raoul Stocker (both tax), Micha Schilling, Clarissa Marxer and Nico Hunziker (all finance) as well as Thomas Stoltz and Mario Bünter (both notarial services). Slaughter & May acts as international lead counsel.
