Foot Anstey has advised Santander Corporate & Commercial on its funding of £6m to Bristol-based AirHop, operators of one of the first trampoline parks in the UK. By 2020, AirHop aims to create 18 new sites, 1,500 new jobs and grow turnover to £40m.
The growth capital funding from Santander Corporate & Commercial will enable the business to expand from its two sites in Bristol and Guildford to 20 in the UK and Europe over the next three to five years.
Santander was supported by RSM and Foot Anstey on the transaction with the management team at AirHop advised by BDO.
Peter Abel, growth capital director, Santander Corporate & Commercial, said: "We're delighted to have been able to provide a flexible funding solution that will support the rollout plans for AirHop across the UK and Europe. We have been really impressed with the management team and their business model, and look forward to working with them as they take this exciting concept to new locations."
Darren Hedges, managing director, AirHop Ltd, said: "The confidence shown by the Santander team in the brand and its international growth potential, along with the flexibility of its growth capital financing product, was the critical factor in our choice of funding partner and we are very pleased to have found a bank that shares our vision."
Will Whitt, partner at Foot Anstey added: "Working alongside these parties for a strong brand with a great business model and exciting plans for the future was a interesting transaction to be involved in."