Hogan Lovells Advises JP Morgan Cazenove on £73.5 Million Block Sale of Shares in Regus plc
15 May 2015
London 15 May – Hogan Lovells London-based corporate team has advised JP Morgan Cazenove in connection with their placing of 30,000,000 existing ordinary shares in Regus plc, in a deal worth £73.5 million.
The existing ordinary shares were held indirectly by the current CEO of Regus plc, Mark Dixon, who continues to be a significant shareholder in Regus plc and now holds 31.4% of Regus plc's ordinary shares.
Based in Luxembourg and listed on the London Stock Exchange, Regus is the world’s largest provider of flexible workplaces, with a range of products and services including equipped offices and meeting rooms across its network of more than 3,000 business centres in 120 countries.
The Hogan Lovells team advising JP Morgan Cazenove was led by London equity capital markets partners Daniel Simons and John Basnage.
Commenting on the transaction, Daniel Simons said:
"This is a significant and high profile transaction and we are pleased to have been able to advise JP Morgan Cazenove on this matter and look forward to working closely with them on future transactions."