CVC Capital Partners, which owns a stake in Six Nations Rugby, has approached IWG about a potential carve-out of The Instant Group, its digital division, Sky News learns
National Insurance rise will be reversed from today - as millions of workers to keep an extra £330 of their money a year on average
Its component parts include Signature, a premium city centre brand, Regus and Basepoint, which operates across England and Wales.In March, IWG announced that it would merge its digital and technology assets with The Instant Group as part of a transaction which saw the London-listed group injecting £270m of cash into the combined entity.
It was unclear on Monday how advanced the talks with CVC and other private equity suitors for The Instant Group were.Mr Dixon is said to believe that the company is severely undervalued by public market investors, and has considered deals including a combination with a US-listed special purpose acquisition company for Worka, an app that helps IWG clients to compare and book places to work at thousands of sites globally.
Last year, IWG held tentative talks with CC Capital, a New York-based private equity firm, about a sale of part or all of the company.
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