First Workplaces is one of the leading companies in the national flex-office and coworking sector. It offers flexible spaces with all services included in the monthly fee, from 10 m2 offices to corporate offices of more than 2,000 m2, meeting rooms, training rooms, event space, coworking spaces. All created with the objective of allowing companies to focus exclusively on growing their business and forget about anything that could divert them from their core business.
First’s services are based on three fundamental pillars:
- Prime locations: Centers located in the best locations in the main Spanish cities.
- Personalized attention: Your team takes care of everything, as and when the customer wants.
- Flexibility: Adapts its spaces and services to the client’s needs.
PURCHASE
August, 2018
SECTOR
Flex-offices and Coworking
STATE
Invested
HEADQUARTERS
Madrid
PARTICIPATION
Majority
ACQUIRED FROM
Ownership
REVENUE AT PURCHASE
€10,6M
NUMBER OF EMPLOYEES
44
FUND
SHERPA CAPITAL II SCR, SA
Team
Jorge Fernández Miret
Investment Partner
Alfredo Bru
Managing Partner
One
to one
Operational Efficiency
Optimization of internal processes and cost optimization.
Service Portfolio
Development of value proposition and development of new services focused on improving the user experience in the spaces.
“Sherpa has contributed much more than just financing the project. The support of its entire team and its know-how have been key to the development of the structure necessary to carry out the exponential growth in which we are immersed. From the beginning they trusted the people who headed First and we aligned our values to squeeze the most out of our potential. Just as we have always transmitted to our employees and clients, the relationship with Sherpa “is about people”, which generates stronger ties than economic ones, and with whom we always go further”.
Óscar García Toledo
