A company owned by the Kuwaiti government is in talks to invest in Knotel, the New York-based co-working firm, according to people familiar with the matter. The deal would value Knotel at about $1.5 billion, these people said. Wafra Inc., a New York City-based investment firm owned by a Kuwait government pension fund, is expected to lead the...
Knotel is reportedly in talks with Wafra, a New York City-based investment firm owned by the Kuwaiti government pension fund, about an investment that would value the company at around $1.5bn. Wafra is expected to lead the funding round, potentially joined by Singapore’s sovereign-wealth fund. Knotel has expanded its portfolio of flexible office locations to around 200 from 20 in early 2018. The discussion highlights strong interest in the sector from institutional investors.