Hubble Acquired by Real Estate Tech Firm Yardi
Deal News | Jan 20, 2025 | Orrick
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In a notable development in the coworking and flexible workspace sector, UK-based online marketplace Hubble has been acquired by Yardi, a prominent real estate technology provider. Orrick acted as the legal advisor for Hubble during this transaction. Hubble is known for its platform that allows users to book coworking desks, private offices, and other flexible workspaces on-demand. Yardi, with its expansive global platform CoworkingCafe, aims to enhance their offering through this acquisition, marking a significant strategic step towards meeting the dynamic demands of the real estate market. Hubble's CEO, Tushar Agarwal, expressed enthusiasm about the potential for growth and customer value enhancement as part of Yardi. The acquisition also coincides with Yardi's recent purchase of Deskpass, highlighting Yardi's commitment to expanding and innovating in the coworking space industry.
Sectors
- Real Estate Technology
- Coworking and Flexible Workspaces
- Legal Advisory
Geography
- United Kingdom – Hubble is based in the UK, making it a significant geographical focus of the acquisition.
- United States – Yardi, being a global real estate tech provider, is based in the US, influencing the international reach of the acquisition.
- North America – The acquisition includes Yardi's recent purchase of Deskpass, a significant player in the North American market, expanding their influence in this geography.
Industry
- Real Estate Technology – The acquisition involves Yardi, a company that develops software solutions for real estate companies, enhancing tech-driven innovations in the sector.
- Coworking and Flexible Workspaces – Hubble is an online marketplace specializing in coworking and flexible workspaces, an industry experiencing rapid changes to meet modern office demands.
- Legal Advisory – Orrick is highlighted as the legal advisor for the transaction, playing a key role in the acquisition process.
Financials
Participants
| Name | Role | Type | Description |
|---|---|---|---|
| Hubble | Target company | Company | Hubble is the UK's leading online marketplace for coworking and flexible workspace. |
| Yardi | Bidding Company | Company | Yardi is a real estate technology provider that has acquired Hubble to enhance its offerings in the coworking space sector. |
| Orrick | Legal Advisor | Company | Orrick served as the legal advisor for Hubble during the acquisition by Yardi. |
| Deskpass | Other Company | Company | Deskpass is a North American leader in coworking space bookings, recently acquired by Yardi. |