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28 Jul 2017

For further information contact:

Oxygen Freejumping
Jennifer Renwick / Jane Glover
020 3757 4994

NM Capital
Tom Mollo
07833 049 249

Oxygen Freejumping acquires Air Space Trampoline

28 Jul 2017

Oxygen Freejumping, the UK’s largest trampoline park operator, have today confirmed their position as the UK’s leading trampoline park operator with the acquisition of Air Space Trampoline in a multi-million pound all cash deal, bringing Oxygen Freejumping’s total number of trampoline parks to 10.

The acquisition is in line with Oxygen Freejumping’s strategy of reaching 20 parks by the end of 2018 and is the first acquisition of a brand in the UK trampoline market, evidence of the beginnings of consolidation within a sector that has grown from zero to over 150 sites in the last three years. Funding for the acquisition was provided by NM Capital, the London based private investment company focusing on high growth businesses in sectors including leisure and consumer brands.

Oxygen Freejumping press release

Air Space Trampoline, a subsidiary of Go Ape and one of the early innovators in the UK trampolining market, operates three high quality trampoline parks in East Kilbride, Stevenage and Wolverhampton. The parks, which have welcomed more than 2.5m jumpers over the last two years, are located in high footfall leisure and retail destinations in areas in which Oxygen Freejumping does not currently operate.

Oxygen Freejumping was founded in late 2014 by Fred Turok, founder of LA Fitness, and David Stalker, former CEO of ukactive and Managing Director of Harpers Fitness Clubs. The Company is passionate about its role in tackling the UK’s growing obesity crisis and providing a safe and high quality environment for customers. Oxygen Freejumping is one of the few parks in the country to have achieved Primary Authority Status with a local environmental health agency, who have approved all of the Company’s procedures.

David Stalker, CEO of Oxygen Freejumping, commented,

“We are delighted to have acquired these three sites and to consolidate our number one position in the UK market. The parks are highly cash generative, conveniently located in high footfall areas and run by highly experienced management teams with a focus on delivering a safe and high quality experience to our customers.

“With UK obesity rates at an all-time high in the UK, we are driven by the urgent need to get people moving. Fun, inspiring physical activities in childhood are proven to lead to healthy, happy and active lifestyles in adulthood. Trampolining offers an accessible solution for tackling the childhood inactivity pandemic. Over 1.5 million people have been active at Oxygen alone over the last 18 months and we are committed to providing a wide range of new and fun activities to get the country jumping.”

Chris St. George, Principal of NM Capital, added,

“We founded NM Capital two years ago to back ambitious entrepreneurs who have the potential to create exceptional value.  We see this as a great opportunity, and look forward to working with David Stalker and his team as they further establish Oxygen Freejumping as the market leader in this exciting sector.”

 

NOTES TO EDITORS

Oxygen Freejumping is the UK’s leading trampoline park operator, with 10 trampoline parks throughout the UK. Their Croydon park is the world’s busiest trampoline park, welcoming hundreds of visitors per day.

Oxygen Freejumping was founded in late 2014 by Fred Turok, founder of LA Fitness, and David Stalker, former CEO of ukactive and Managing Director of Harpers Fitness Clubs.

Since launch, over 1.5 million people have been active at Oxygen Freejumping and the Company is committed to its role in supporting the Government’s drive to address the UK’s childhood obesity crisis by providing accessible and fun activities to a broad demographic.

29% of people in England are classified as physically inactive and only half of all seven-year olds are meeting the Government’s daily physical activity guidelines (girls 38%, boys 63%). 22% of all five-year olds are classified as overweight or obese, rising to 60% of people over the age of 18. Oxygen Freejumping provides an accessible solution to meet Government targets, offering a range of inexpensive, high intensity and low-impact activities for all ages.

Oxygen Freejumping has recently partnered with Bear Grylls to offer a new, innovative, functional training programme for fitness enthusiasts. Other activities for all ages include: Freejumping; Little Os; Fitness Classes; School of Trampolining; Parties; Dodgeball; Freerunning; and Autistic Friendly & Disability sessions.

The Company is passionate about providing a best-in-class customer experience and is one of the few parks in the country to have achieved Primary Authority Status with a local environmental health agency who have approved all of the company’s procedures.

Oxygen Freejumping’s portfolio currently includes: London (West Acton), Southampton, Manchester, Derby, Wigan, Leeds Cardigan Fields, Croydon, East Kilbride, Stevenage and Wolverhampton.

For further information contact:

Oxygen Freejumping
Jennifer Renwick / Jane Glover
020 3757 4994

NM Capital
Tom Mollo
07833 049 249