Prime Opportunities drops out of bidding war for IWG

Prime Opportunities Investment, one of the four candidates seeking to buy IWG, does not intend to make a new offer for the company.

That leaves three candidates in the running to take over IWG: Starwood, TDR Capital and Terra Firma.

IWG has gained permission from the regulator to extend the deadline for a takeover of the group.

The trio now have until 7 August to make an offer.

IWG rejected an offer from Los Angeles-headquartered family office Prime Opportunities in May.

IWG is the world’s largest serviced office provider, and includes brands Regus and