Jump In secures funding
HMT LLP advised indoor trampoline arena operator GoJumpin Ltd on its recent development capital funding to support its continued expansion.
Founded by Vernon West and Gavin Lucas together with mumpreneur Linda Willaford-West, Jump In is a leading UK leisure and recreational activities business. Jump In now has six indoor trampoline arenas nationwide in Slough, Tonbridge, Enfield, Aberdeen, Warwick and Walsall and offers jumping, fitness and free-running classes as well as jumping sessions for kids and adults.
This is the second transaction HMT has advised Jump In on following the successful fundraising from Santander in November 2016. The PE-style transaction was backed by KERN Ventures, a private family office that invests in development capital transactions.
Jump In will use the new funding package of up to £6m to boost its site opening programme over the next 12 months, including five new arenas in Poole, Coventry, Harrogate, East Lothian, and Shrewsbury, together with firepower to respond to acquisition opportunities as the operators in the sector consolidate.
Vernon West, Chairman at Jump In commented:
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