The situation for IWG intensified late on 23 February , as reports emerged that Terra Firma , the private equity group founded by Guy Martin , had approached the company about launching a bid . IWG has confirmed that it is evaluating a possible cash offer from the private equity group . The workspace company is currently also in discussions with Starwood Capital and TDR .
The battle for IWG intensified late on 23 June, as reports emerged that Terra Firma, the private equity group founded by Guy Hands, had approached the company about launching a bid. IWG has confirmed that it is evaluating a possible cash offer from the private equity group. The workspace operator is currently also in discussions with Starwood Capital and TDR.