LLOYD DORFMAN, founder of currency exchange Travelex, is to acquire serviced office company The Office Group for £43.3m. 

Dorfman is acquiring the company from Bridges Ventures, the private equity firm launched by Sir Ronald Cohen and dedicated to urban regeneration.

Dorfman will take over a portfolio of six sites in London and one in Bristol, with views to further expand The Office network.

“With interests in this sector already I was looking to diversify and it was evident that The Office Group had a very clear, differentiated proposition, an established customer base and a great vision for the future,” said Dorfman.

The Office was established in 2003 by Charlie Green and Olly Olsen and provides office design solutions to hundreds of fast-growing and medium sized business in the UK. 

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