Starwood, Terra Firma and TDR no longer in the running for takeover. :
IWG, formerly known as Regus, said it told Starwood, Terra Firma and TDR that it no longer intends to continue discussions about possible offers for its entire issued share capital. A number of private equity houses have looked to gain a share of the burgeoning flexible workspace sector. Last year, Blackstone acquired The Office Group and Carlyle bought a platform from the Adir Group.