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Serviced office broker
£8.2m management buy-out from NVM.
Flexioffices (Flexi), one of the UK’s leading serviced office brokers, has secured £8.2 million of investment from NVM Private Equity (NVM) as part of the funding package for a management buyout. The investment from NVM will help to accelerate Flexi’s international growth and drive continued development of their technology.
The deal is NVM’s second management buyout from NVM Private Equity Vintage III LP.
Headquartered in London, and founded by Paul Slinn in 2000, the Flexi team are experts in finding the perfect workplace solutions for individuals, businesses and organisations through specialist knowledge of the entire UK flexible workspace market. Paul Slinn recognised a gap in the market to source flexible office space for SMEs. He believed the changing working practices of the millennial generation and favourable shifts in both technology and regulation were combining to drive demand for more flexible office arrangements. Managing Director, Geraint Evans, joined the company a few years ago to drive this strategy and accelerate the growth of the business.
Flexible office space provides a fully-inclusive, ready-to-go office solution and is available under licence agreements which are more flexible than traditional leases. The spaces typically come fully furnished with the necessary support services allowing companies to focus on running their business operations.
Led by an experienced management team, the company works with 3,000 flexible office facilities across London and the UK, offering a wide variety of styles and designs from traditional office space to modern and quirky. Flexi hasrelationships with many providers such as IWG, The Office Group, WeWork, Landmark, Citibase and London Executive Offices and some of its major clients include ASOS, Bovis Homes, Eventbrite, Spotify, Deliveroo and Argos.
Peter Hodson and David Rolfe led the investment for NVM. Peter joined the Flexi board at completion.