Bridges Community Ventures has sold its portfolio company The Office Group to Esselco Services LLP or US$67.2 million.
The Office Group, founded by Charlie Green and Olly Olsen together with Bridges Community Ventures, is a specialist provider of flexible office space with a portfolio of six sites in central London and one in Bristol. Plans are in place to expand the business and an active search is underway for new sites in London. The group's founders will remain in the business.
Based in London, Esselco Services offers serviced office facilities
Oaklins Cavendish, based in the UK, advised the seller in this transaction and conducted an extensive global marketing exercise generating considerable interest from trade buyers and financial institutions.
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