November 2017

  • Client : Headspace Properties Limited
  • Activity : Flexible workspace provider
  • Sector : Business Services
  • Acquired by: BE Offices Limited
  • Transaction Type:

What our client said

“I have very much enjoyed working with Cavendish and pleased to find such a complementary match for Headspace in BE Offices. As an entrepreneur, I wanted good advice and felt very well supported every step of the way by Cavendish. Many thanks to the whole team.”

Jonathan Rosenblatt, shareholder of Headspace

Cavendish Corporate Finance, the specialist sell-side M&A firm, is delighted to announce it has advised on the successful sale of Headspace Properties Limited (“Headspace”), the fast-growing flexible workspace provider, to BE Offices Limited (“BE Offices”).

Founded by Jonathan Rosenblatt to cater to the creative, media and technology sectors, Headspace created a distinctive niche by providing its clients with a highly personalized and unique product. The business grew from a single site in Farringdon in 2014 to multiple sites in London and most recently opening in Manchester, reflecting the appeal of its inventive workspace offering.

BE Offices is a successful serviced offices provider, operating over 700,000 sq.ft of work space across the UK and London. BE Offices has a large portfolio of business centres and currently employs over 300 people. The acquisition is part of a broader strategy to enter the rapidly expanding tech, media and creative sector of the flexible workspace market.

Peter Gray, partner at Cavendish Corporate Finance who led the deal said: “We are very pleased to have advised Jonathan on his transaction with BE Offices. Headspace is a fantastic example of a business which has created value by creating a unique and differentiated product and then giving great service to its clients.”

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