Starwood, TDR Capital, Lone Star among bidders for global office service firm IWG
London-listed IWG has confirmed that it received an approach from Lone Star Europe Acquisitions and two separate indicative proposals from Starwood Capital European Operations and TDR Capital regarding a possible cash offer for all of its shares.
IWG board is evaluating the possible offers and there’s no certainty that any offer will be made for the company, the board said in a statement.
The company has offices in about 3,000 locations in 114 countries around the world, operating under brands including Regus and Spaces.
In December 2017, the Canadian private equity firm Onex and Brookfield Asset Management made a takeover bid, however, talks ended in February.
