Slaughter and May is advising IWG plc (“IWG”) on its strategic partnership with TKP Corporation (“TKP”) in Japan.
IWG has agreed to sell its Japanese operations to TKP for gross consideration of £320 million (subject to completion adjustments for cash, debt and working capital) and to enter into a long-term master franchise agreement with TKP, which provides TKP with exclusive rights to the use of the Regus, Spaces and OpenOffice brands in Japan.
IWG plc offers virtual office services; 24/7 workspace recovery solutions; mobile and digital self-service solutions; co-working solutions; fully managed offices; networking and knowledge-sharing meetings; and meeting spaces.
The Slaughter and May team was composed by Corporate partner Andy Ryde (Picture), Paul Mudie (partner), Sarahanne Jackson (associate), David Plant (associate), Jade Ewers (trainee); Infrastructure and Commercial Contracts: Richard Todd (partner), Simon Bartle (associate); Tax: Michael Lane (partner), Victoria Hine (associate)
Involved fees earner: Simon Bartle – Slaughter and May; Jade Ewers – Slaughter and May; Victoria Hine – Slaughter and May; Sarahanne Jackson – Slaughter and May; Michael Lane – Slaughter and May; Paul Mudie – Slaughter and May; David Plant – Slaughter and May; Andy Ryde – Slaughter and May; Richard Todd – Slaughter and May;
Law Firms: Slaughter and May;
Clients: IWG plc ;