Partner Article

Trampoline park operator Oxygen Freejumping springs into action with £10m investment

London-based Oxygen Freejumping has received a further £10m investment which will see it open a further seven sites across the UK.

The sites, which are due to open in the summer, includes sites in Derby, Wigan, Blackburn, North Shields and Manchester, and comes off the back of a deal with Lucozade Powerleague which has seen the firm acquire 162,000 sq ft spread across five sites.

The investment effort was led by investment firm Beechbrook Capital who have invested £8m, while the rest of the funding came from existing investors.

Oxygen has enjoyed rapid growth since opening its first park in West Acton last summer, with its parks blending freejumping, gymnastics & parkour coaching, parties, and fitness classes.

Chief Executive Officer at Oxygen Freejumping David Stalker, believes the new investment shows that landlords are beginning to recognise that the firm is ‘a premium operator in the market’ who are ‘capable of transforming a leisure or retail park’.

He added: “This is the largest investment within our sector and will allow us to bring our blend of freejumping, freerunning, fitness and fun to seven new areas of the country. We have two further sites in solicitors hands and through our advisors JLL, are looking for sites nationwide.”

Chairman Fred Turok commented: “There were a number of offers on the table, through our advisors Zeus Capital and we are delighted that Beechbrook is investing £8 million in this stage of our development.

“This is a fast paced and exciting leisure market, similar to the growth of the health and fitness sector a few years back. Our existing backers and Beechbrook recognise that we have a very experienced management team, a high quality product and an exceptional health and safety record.”

Jon Herbert, Managing Director of the UK SME Fund at Beechbrook Capital added: “Our investment in Oxygen is the first in our newly-launched UK SME Credit Fund, and is a fantastic example of the type of business we are looking to support thanks to the strength of the management team, the quality of the Oxygen offering and the performance of the business to date.”

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