Bowmark Capital has acquired The Instant Group, a provider of flexible property solutions. The seller was MML Capital Partners. No financial terms were disclosed. Livingstone advised The Instant Group on the transaction.
Livingstone’s Business Services sector team has advised the shareholders of The Instant Group, a leading global provider of flexible property solutions, on its secondary buy-out by Bowmark Capital.
Founded in 1999, Instant provides alternative methods of office procurement and management, with specific focus on flexible workspace and medium-term lease solutions, employing 250 people in 11 cities around the world.
Its market leading digital platform for flexible office procurement and innovative ’“managed office’ solutions allow clients to rethink workspace as an enabler of transformation and growth rather than just as an overhead.
Instant has delivered compound annual revenue growth of 30% over the past four years, rapidly growing its international footprint to serve its client base.
Bowmark is acquiring its interest from MML Capital Partners which, alongside management, is also re-investing in the transaction.
Tim Rodber, CEO of Instant Group, said: “The investment from Bowmark will allow us to retain our independence and scale the business globally to take advantage of the vast potential of the international flex market. Bowmark’s sector knowledge was clear from the outset and we look forward to working with its team to realise our ambitions for the future.
Tim Rodber, added: “I am very grateful to the team at Livingstone for all their strategic advice and guidance, and for running a focused and highly professional process that has delivered an excellent result for all the stakeholders in our business.”
Luke Jones, Partner at MML Capital Partners, said: “During our period of investment, Instant has become a leading and innovative provider of outsourced property services, driven by an outstanding management team. This deal represents an excellent return for our investors, whilst providing Tim and his team with the platform to continue their impressive growth story. Thanks to Livingstone for delivering another great result in a tight timeframe.”
James Lever, Partner at Livingstone, commented: “It has been a pleasure to work with Tim and the team at Instant. The combination of high growth, excellent revenue visibility and an outstanding management team proved highly attractive to potential investors. Bowmark demonstrated their appetite for the deal and they will be a very strong partner for the business going forward.”
About Livingstone Partners LLP
Livingstone is an international mid-market M&A and Debt Advisory firm, with offices in Beijing, Chicago, Düsseldorf, London, Los Angeles, Madrid and Stockholm. Its 120 professional staff completed c.70 deals in 2017.