The management team at AirHop, the UK based operator of a chain of trampoline parks, has acquired the business from its founder investors.
Backed by private investment firm Rcapital, the buyout will secure sites in Bristol and Guildford on the UK and Moers, Dusseldorf and Munich in Germany employing 310 staff.
Both the investors and the management team will work together to promote growth of the venture going forward and the capital will support further expansion into new sites.
Darren Hedges, CEO of AirHop, said: “We have been looking for an investor to support the management team in growing the business for some time and are pleased to have found an investor that shares our ambitious expansion plans. Today’s announcement marks an exciting new era for the business, its employees and customers.”
Chris Campbell, investment director at Rcapital, said: “The European trampoline park sector is at an interesting crossroads, against a backdrop of issues which makes the fragmented sector ripe for consolidation. We see AirHop as the ideal platform to pursue a buy and build strategy and we will actively be looking at acquisition opportunities across the UK. We would welcome any operators looking for an exit to get in touch”.
