RCapital backs AirHop MBO

Financial details of the deal remain undisclosed, though RCapital typically invests £200,000-20m in businesses with turnovers of £5-200m.

The GP has provided additional funding to support the expansion of the company's estate, and investment into its existing estate. According to its website, the company has a pipeline of five new sites in Germany and two in the UK.

Recent financial details for the company are not currently publicly available, though the group posted underlying EBITDA of £2.6m from a turnover of £10.3m in 2016. However, it opened three parks during that year, with its UK sites in Bristol and Guildford already operational by the end of 2015. The group took out a £6m credit facility with Santander in 2016 to fund the rollout of the new parks.

Company
Headquartered in Bristol and founded in 2014, AirHop operates five trampoline parks across Europe. In addition to its UK sites in Bristol and Guilford, it has three further existing locations in Essen, Dusseldorf and Munich. The company has a headcount of 310.

People
RCapital – Chris Campbell (investment director).
AirHop – Darren Hedges (CEO).

Advisers
Equity – Osborne Clarke (legal); PHD Property Advisory (property due diligence).
Management – FRP Advisory (corporate finance); Eversheds Sutherland (legal).
Debt – Harrison Clark Rickerbys (legal).

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• Topics
• Buyouts
• UK / Ireland
• Consumer
• United Kingdom
• RCapital
• Eversheds
• Osborne Clarke