The Instant Group to merge with IWG’s digital businesses

Since Bowmark invested in The Instant Group in June 2018, the company has more than doubled its sales, achieving strong organic growth due to its value-added service offering, award-winning digital capabilities and client-centric business model.

Today, the group provides flexible workspace solutions to 45% of FTSE 100 and 40% of S&P 500 companies. Following the merger, the enlarged group will serve more than 250,000 businesses in 175 countries, operating 24/7 through an integrated platform in more than 40 languages.

The transaction also marks an exit for MML Capital, which first invested in 2012 and re-invested alongside Bowmark in 2018.

Tim Rodber, CEO at The Instant Group, said: “We have had a great partnership with Bowmark over the past four years and, with their support, have achieved strong growth and expanded our global capabilities. The office market has been irrevocably altered by the pandemic and, by creating a marketplace that offers solutions for hundreds of thousands of clients, Instant will be at the forefront of this change.”

Tom Shelford, partner at Bowmark, commented: “We are delighted to have supported Instant in scaling its business to meet the growing demand for flexible workspace, including its investment in its digital capabilities, international network and market-leading client service. Tim and the management team are outstanding operators and the company is now uniquely placed to continue to disrupt the corporate real estate market with its highly differentiated proposition.”