It started off with private funding and secured a $15 million credit line from an Israeli bank in 2017. New York-based The Yard has reportedly been in discussions with competitors about selling part or all of the company. Sources said it has held talks with Knotel and Office Group, the London-based subsidiary of Blackstone, which has 33 locations and has been trying to break into the New York market. A spokesman for Knotel, who declined comment, did not respond to a request for comment. The Yard, which confirmed it had been in talks, is now working with investment bank Houlihan Lokey to raise funds to grow the company. Founded in 2011 in Williamsburg, Virginia, the co-workspace operator now has 14 locations.
New York-based The Yard has reportedly been in discussions with competitors about selling part or all of the company. Sources said it has held talks with Knotel and Office Group, the London-based subsidiary of Blackstone, which has 33 locations and has been trying to break into the New York market. A spokesman for Knotel, who declined comment, did not respond to a request for comment. The Yard, which confirmed it had been in talks, is now working with investment bank Houlihan Lokey to raise funds to grow the company. Founded in 2011 in Williamsburg, Virginia, the co-workspace operator now has 14 locations.