Blackstone has agreed to acquire a majority stake in The Office Group (TOG), a provider of shared office work space, in a deal giving the business an enterprise value of £500m.
Announcement follows a series of discussions with potential strategic and financial investors
Board of the UK-based listed pharmaceuticals company has agreed to the offer
Venture capital firm Felix Capital appoints Susan Lin and Julien Codorniou as its new partners
Private equity suitors could preempt the auction given the popularity of the space