Regus is looking to acquire MWB Business Exchange, the operator of 64 business centres with about 500 staff, for £40m. The deal will help Regus – which has 1,500 centres worldwide – to expand its presence in the capital as MWB Business Exchange has 39 business sites providing short-term office space across London.
MWB Business Exchange is 75pc owned by MWB Group, the company behind the Malmaison and Hotel du Vin hotel chains that collapsed into administration in November after failing to secure a refinancing of the business. According to previous reports, MWB Group has debts of £47m and the hotels have debts of £230m.