Slaughter and May is advising IWG plc on its strategic partnership with TKP in Taiwan

Slaughter and May is advising IWG plc (“IWG”), the global operator of leading co-work and workspace brands, on its second strategic partnership with TKP Corporation (“TKP”). IWG has agreed to sell its Taiwan operations to TKP and to enter into a long-term master franchise agreement which provides TKP with exclusive rights to the use of the HQ, Regus and SPACES brands in Taiwan.

Completion of the transaction is expected to occur in September 2019 and is conditional only on the approval of the transaction by the Taiwanese Investment Commission of the Ministry of Economic Affairs.