IWG plc’s Joint Venture With Hysan Development Company

In UK Slaughter and May, advised on the matter.

Slaughter and May advised IWG plc with a team including Chris McGaffin (Corporate M&A), Paul Mudie (Picture – Corporate M&A), Mike Lane (Tax M&A and Deal Advisory).

IWG plc, the global operator of leading co-work and workspace brands, signed an agreement with Hysan Development Company in Hong Kong and the Greater Bay Area. IWG has agreed to enter into a long-term brand platform agreement which provides exclusive rights for the joint venture company to the use of IWG’s brands across Hong Kong and the GBA. Hysan is a leading Hong Kong property investment, management and development company and one of the largest commercial landlords in the GBA. The joint venture will acquire and operate IWG’s existing locations across Hong Kong and the GBA and address demand for hybrid working in the region. Completion of the transaction is expected to occur in September 2021. 

Slaughter and May’s team included Paul Mudie (Picture), Partner, Kathryn Warden, Associate, Sonya Mononen, Associate, Ellie Nugent, Associate, Chris McGaffin, Partner, Rahul Mehta, Associate, Mike Lane, Partner and Victoria Hine, Associate.

Involved fees earner: Victoria Hine – Slaughter and May; Mike Lane – Slaughter and May; Chris McGaffin – Slaughter and May; Rahul Mehta – Slaughter and May; Sonya Mononen – Slaughter and May; Paul Mudie – Slaughter and May; Ellie Nugent – Slaughter and May; Kathryn Warden – Slaughter and May;

Law Firms: Slaughter and May;

Clients: IWG plc ;

Author: Giulia Di Palma