Investments

The transaction marks the end of an era for the troubled co-working giant, which raised money at a $47 billion valuation in January, pulled out of a botched IPO.

Multibillion-dollar valuations, led by the NY Yankees, have made it difficult for minority owners to find buyers for their stakes.

Southfield continues to do deals in the lower middle market because there are still inefficiencies to take advantage of, says Andy Levison, a managing partner with Southfield Capital.