Avanta sold to Serviced Office Group plc

Date

Clearwater Corporate Finance has advised London-based serviced office business Avanta on its sale to Serviced Office Group for £15m.

Avanta was established in 2004 to provide high quality serviced office space, with a focus on the central London market.

The deal team was led by partner Marcus Archer with support from director Paddy Bamford.

Marcus Archer commented: “This is a great deal for both companies, who are a good match in terms of the services and office space offered. Demand for flexible workspace in London remains high, and this acquisition puts SOG in a leading market position with a total of 12,000 workstations of which 71% will be based in London within zones 1 & 2. It is also a very exciting opportunity for the management team at Avanta to help drive the combined business forward.”

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