Investment firm Rcapital has backed the management buyout of AirHop trampoline group from its founder investors.
AirHop was established in 2014 and owns trampoline parks in Bristol and Guildford as well as three parks in Germany. It employs 310 people and has over 800,000 customers each year.
Rcapital has provided a significant funding package to both invest in the existing parks and acquire additional parks and will work with the management team to grow the business.
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.”
Chris Campbell, Investment Director at Rcapital, said: “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.”