Mark Dixon, its chief executive, founded Regus in 1989 and owns 25 per cent of IWG. 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. On 24 June it was announced that Terra Firma would be taking over from IWG’s existing management team and board of directors. The workspace operator 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. On 24 June it was announced that Terra Firma would be taking over from IWG’s existing management team and board of directors. The workspace operator is currently also in discussions with Starwood Capital and TDR.