Inflexion acquires Goals assets

Trade buyer Soccerworld, the vehicle of the founders of Goals, is investing in the business alongside Inflexion. Inflexion will take a majority share of the assets.

The firm will draw equity from Inflexion Enterprise Fund IV, which closed on £250m in 2016 and invests equity of £10-20m for both majority and minority stakes.

Goals has admitted that it may have overstated profits by as much as £40m as it went into administration and delisted from the London Stock Exchange in September 2019.

Its expected EBITDA for 2019 is around £3.8m and its bank debt, owed to Bank of Scotland, is £30m. Goals also said that it is very unlikely that its shareholders will receive any value for their shares and that its lenders are unlikely to be fully compensated.

Company
Founded in 1987, Goals provides 5-a-side and 7-a-side flood-lit arenas with synthetic grass turf, allowing for year-round play. With facilities for changing and socialising, the centres offer coaching, holiday camps and parties for customers in addition to the arena hire. Goals employs 700 people across its 45 centres in the UK.

People
Inflexion Private Equity – Simon Turner (managing partner).

Advisers
Equity - EY (corporate finance, tax); Eversheds (legal).
Company – Deloitte (corporate finance).

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• Topics
• Buyouts
• UK / Ireland
• Consumer
• Inflexion Private Equity
• United Kingdom