M&A Deal Summary

IWG Acquires HQ Global Workplaces

On August 20, 2004, IWG acquired business services company HQ Global Workplaces for 357M USD

Acquisition Highlights
  • This is IWG’s 2nd transaction in the Business Services sector.
  • This is IWG’s largest (disclosed) transaction.
  • This is IWG’s 2nd transaction in the United States.
  • This is IWG’s 1st transaction in Texas.

M&A Deal Summary
Date 2004-08-20
Target HQ Global Workplaces
Sector Business Services
Buyer(s) IWG
Deal Type Add-on Acquisition
Deal Value 357M USD
Advisor(s) Navigant Capital Advisors LLC (Financial)

Target

HQ Global Workplaces

Addison, Texas, United States
HQ Global Workplaces LLC is a provider of executive office space and associated services and is a large franchisor of executive office suites in the world.

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Buyer(S) 1

Buyer

IWG

Zug, Switzerland

website

Category Company
Founded 1989
Sector Business Services
Employees10,000
Revenue 2.2B GBP (2021)
DESCRIPTION

IWG is a provider of serviced office accommodation in business centers around the world. The Company operates in North/South America, the Middle East, Africa, Asia, and Europe. IWG was formerly known as Regus and was formed in 1989. IWG was incorporated in 1989 and is based in Zug, Switzerland.

DEAL STATS #
Overall 2 of 3
Sector (Business Services) 2 of 3
Type (Add-on Acquisition) 2 of 3
State (Texas) 1 of 1
Country (United States) 2 of 2
Year (2004) 2 of 2
Size (of disclosed) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2004-01-01 Vantas/HQ

Atlanta, Georgia, United States

Vantas/HQ Office Suites is a work from anywhere, anytime office suites. An increasingly mobile workforce for companies of all sizes raised the demand for improved communication and support services. More than half of Business Center clients were employees of mid- to large size companies.

Buy -
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2015-01-01 Spaces Works

Amsterdam, Netherlands

Spaces is a creative working environment with a unique entrepreneurial spirit. The Company offers dynamic working areas to help you think, create and collaborate and where our staff give you a warm welcome. Spaces was formed in 2005 and is headquartered in Amsterdam.

Buy -
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