MML invests in Instant
MML Capital Partners has invested ТЃ16m in London-based office solutions provider Instant, securing a minority stake in the business.
The company wants to boost its managed office service, which enables companies to outsource the locating, fitting and managing of their office spaces.
Company
Instant is a flexible office solutions provider based in London with further offices in the UK, US and Australia. The company has a client base of 5,000 businesses located in 100 countries worldwide.
The company is majority owned by its management, led by CEO Patrick Elliott, and experienced a revenue increase of 30% last year to more than £22m. It reports on its website an annual turnover forecast of £24m this year and £100m by 2020. The company was founded in 1999.
People
Patrick Elliott replaced founder Rob Hamilton as CEO of the business in August.
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