Jump In secures funding from Santander
HMT LLP advised indoor trampoline arena operator GoJumpin Ltd on their fundraising supported by Santander Growth Capital.
Founded by dadpreneurs Vernon West and Gavin Lucas together with mumpreneur Linda Willaford-West, Jump In is a leading UK leisure and recreational activities business. Jump In has three indoor trampoline arenas in Slough, Tonbridge and Warwick and offers jumping, fitness and free-running classes as well as jumping sessions for kids and adults.
Jump In is powered by Altitude, a leading international trampoline park operator with multiple sites across the US as well as arena development in Japan, UAE, South Africa and India.
Jump In will use the new funding package to boost their site opening programme over the next 12 to 18 months, including 3 new arenas in Enfield, Aberdeen, and Poole that are expected to open early in 2017 together with potential further additions in London, Harrogate, Edinburgh, and Crawley.
HMT provided debt advisory services on this transaction.
Vernon West, Executive Chairman at Jump In commented:
“This transaction enables us to start to reap the benefits of scale and increase our competitive strength. We will continue to invest carefully and will not deviate from our focus on affluent catchments where we can be the only show in town.”
Adrian Howells at HMT commented:
“Driven by a brilliant and energetic management team, Jump In is a fantastic business with great growth prospects. ”
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