Slaughter and May advised Värde on its Disposal of BizSpace

Slaughter and May is advising Värde Partners (“Värde”) on its sale of Helix Investments Limited, the holding company of the BizSpace business (“BizSpace”), to Sirius Real Estate Limited (“Sirius”) for an enterprise value of £380 million. 

BizSpace is one of the country’s largest flexible workspace providers, with 72 locations across Great Britain and is home to more than 3,250 small and medium sized businesses. Värde acquired BizSpace in 2015 and grew the business to the size it is today through a nationwide site upgrade plan, multiple acquisitions and a strong management team.

The transaction is structured as a share sale to Sirius by BizSpace Group Limited, a company owned by funds managed by Värde. It is conditional upon completion of Sirius’ capital raise, and is expected to close in Q4 2021.

Corporate
Robin Ogle Partner
David Hay Associate
Angus Tyrrell Associate

Natalie Goodman / Trainee, Ilia Angelov / Trainee

Tax
Gareth Miles Partner
Deeksha Rathi Associate
Victoria Hine Associate
Pensions, Employment and Incentives
Phil Linnard Partner
Matthew Ward Associate
IP/IT
Rob Sumroy Partner
Issabella Cardu Associate
Real Estate
John Nevin Partner
Emily Applegarth Associate