Literacy Capital plc has completed a growth capital investment into Oxygen Freejumping, an operator of trampoline parks in the UK, acquiring a majority stake.
Headquartered in London, the business was re-launched in 2019 with a new management team led by David Hill as Executive Chairman and Steve Wilson as Managing Director. David, formerly a PwC Partner, brings over 20 years of relevant growth and roll up experience within the leisure hospitality sectors, across multiple businesses. Steve brings five years’ experience operating within the trampolining industry. The team will be strengthened further in the coming months, with key hires, including a CFO and Head of Marketing, already identified.
The investment will provide Oxygen Freejumping with fresh capital enabling the business to enhance its offering across existing sites, improve customer experience and engagement and to expand across the UK organically and by acquisition.