Osborne Clarke has advised Investec Bank plc in its capacity as sponsor and financial adviser to Regus plc in connection to its proposed establishment of a new holding company and headquarters move to Switzerland.

The transaction involves a scheme of arrangement of Regus, the leading global workplace provider, to interpose a new holding company, IWG plc, which will be listed on the premium listing segment of the Official List. The market capitalisation of IWG plc is likely to be c.£2.2 billion.

The Osborne Clarke team was led by ECM partner Jonathan King, assisted by partner Rebecca Gordon, senior associate Jake Turcan and associate Stuart Miller.

Slaughter & May, led by partner Paul Mudie, advised Regus plc.