M&A Deal Summary

Instant Group Acquires OfficeSpace.com

On January 25, 2024, Instant Group acquired internet software and services company OfficeSpace.com from biproxi

Acquisition Highlights
  • This is Instant Group’s 1st transaction in the Internet Software and Services sector.
  • This is Instant Group’s 1st transaction in the United States.
  • This is Instant Group’s 1st transaction in Montana.

M&A Deal Summary

Date 2024-01-25
Target OfficeSpace.com
Sector Internet Software and Services
Buyer(s) Instant Group
Sellers(s) biproxi
Deal Type Divestiture

Target

OfficeSpace.com

Bozeman, Montana, United States
OfficeSpace.com is an online commercial real estate marketplace that connects tenants and buyers with brokers. With over 570,000 on-market listings and 1.3 million properties listed nationwide, OfficeSpace.com provides lease and sale information for all commercial use types - including office, retail, industrial, flex, and land. OfficeSpace.com is based in Bozeman, Montana.

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Buyer(S) 1

Buyer

Instant Group

London, United Kingdom

Category Company
Founded 1999
Sector Real Estate
Employees250
DESCRIPTION

Instant Group is a provider of independent flexible workspace solutions. Company digital platform for flexible office procurement and innovative managed office solutions, provide clients with an end-to-end service with fixed payment terms, cost certainty, and simplicity. Instant Group was founded in 1999 and is based in London, United Kingdom.


DEAL STATS #
Overall 2 of 2
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Montana) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2019-05-07 Incendium Consulting

London, United Kingdom

Incendium Consulting Ltd. is an independent consultancy providing real estate services procurement, consulting and change management programmes to blue-chip clients. Incendium Consulting Ltd. was founded in 2015 and is based in London, United Kingdom.

Buy -

Seller(S) 1

SELLER

biproxi

New York, New York, United States

Category Company
Founded 2018
Sector Internet Software and Services
DESCRIPTION

biproxi, Inc. is an online commercial real estate marketplace for brokers, sellers, and buyers. biproxi integrates with brokers' teams by handling their marketing, vendor management, and logistics. biproxi was established in 2018 and is based in New York City.


DEAL STATS #
Overall 1 of 1
Sector (Internet Software and Services) 1 of 1
Type (Divestiture) 1 of 1
State (Montana) 1 of 1
Country (United States) 1 of 1
Year (2024) 1 of 1
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2020-02-24 OfficeSpace.com

Bozeman, Montana, United States

OfficeSpace.com is an online commercial real estate marketplace that connects tenants and buyers with brokers. With over 570,000 on-market listings and 1.3 million properties listed nationwide, OfficeSpace.com provides lease and sale information for all commercial use types - including office, retail, industrial, flex, and land. OfficeSpace.com is based in Bozeman, Montana.

Buy -