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Posted Friday 29th June 2018
Oxygen Freejumping, the UK’s leading trampoline park operator, has announced that it has restructured its portfolio, with NM Capital, the London-based private investment firm, agreeing to acquire a substantial part of the business
NM Capital will provide Oxygen with an injection of new funds to help the group commence a re-investment programme into its existing estate, launch a new park within the O2 Arena later this year, and continue its rollout focused in London and the Southeast. The change of ownership will also see Oxygen diversify with a wider offer beyond the traditional trampoline park model.
The limited restructure, required to put the company on a firmer financial footing, includes the closure of the company’s trampoline parks in East Kilbride & Manchester. All of company’s other parks will remain fully operational and will continue to be operated by Oxygen under its new ownership.
David Stalker, Oxygen Freejumping’s CEO, commented “The last six months have been challenging for the business and I am hugely grateful to NM Capital their continued support and commitment to the business. Unfortunately trading in several of our locations became unsustainable and a risk to the success of our other aspects of the business
“Despite our recent challenges, the outlook for the trampoline park sector remains very positive and the popularity of the sport continues to grow. This deal provides a platform for growth and innovation, we must now diversify our offer from our colleagues in the trampoline park whilst maintaining our market leading position as we take the business forward”.