Discussions » 💰 Strategic investment creates wider flex meeting, event & workplace offering (🔗 Visit source)
HBC and Ares Management have made a strategic investment into Convene. Part of the deal will combine existing and future SaksWorks locations with Convene offerings.
"Convene will operate HBC’s existing portfolio of flexible work, event, restaurant and meeting spaces, which are expected to be rebranded as Convene and will remain branded as SaksWorks in the interim. HBC will be the majority owner of the combined entity, with 26 facilities under management and dozens more under development, which is expected to be the largest premium flex space operator across the US, Canada and Europe."
