Instant receives £16m growth boost from MML Capital Partners

MML takes a minority stake in the flexible office space firm

Flexible office solutions provider Instant has secured a £16m investment from private equity firm MML Capital Partners. Led by CEO Patrick Elliott, the investment sees MML receive a minority share of the company, which experienced a revenue increase of 30% last year to over £22m. With offices in the UK, USA and Australia, the London-based firm works with more than 5,000 businesses every month to provide them with flexible office solutions in over 100 countries. Led by MD Seb Royle, Instant’s Managed Office service enables companies to outsource the task of locating, fitting and managing their office space. It is hoped that the cash injection will boost this arm of the business, which has a London market value estimated at £500m. The deal follows the appointment of CEO Patrick Elliott, who replaced founder Rob Hamilton as CEO in August. Now a non-executive director, Hamilton, who in 2006 was named a Young Gun by Growing Business, has retained a share in the company, which is majority-owned by the management team. Elliott commented: “We are delighted to receive private equity investment from MML. “With their support, I am confident we can accelerate Instant’s success within the ever-expanding flexible office market.”

 

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