- Bowmark Capital has backed the buy-out of UK-based flexible workspace agent, The Instant Group
- Instant CEO Tim Rodber says the investment will enable the business to scale globally and take advantage of the industry’s “vast potential”
- The announcement comes just days after another private equity firm invested significantly in UK broker, Flexioffices
Private equity firm Bowmark Capital has invested in The Instant Group to drive “the next stage of growth” at the UK-based flexible workspace agent. Bowmark is acquiring its interest from investment firm MML Capital Partners, which is also re-investing in the company.
The announcement from Instant comes just days after NVM Private Equity invested £8.2 million in FlexiOffices, another long-standing flexible workspace agent based in the UK.
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Tim Rodber, CEO of The 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.”
Founded in 1999, Instant employs a team of 250 people in 11 cities around the world and has delivered compound annual revenue growth of 30% over the past four years.
Bowmark managing partner Charles Ind said the investment serves to support Rodber and the Instant team “in the next stage of growth” adding, “we believe that Instant will continue to lead the way in the fast-growing flexible workspace market.”
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. We are pleased to continue our association with the business in its next stage of development with Bowmark.”