Investment Criteria
We back operators in participatory, in person sport and active leisure. Businesses where customers pay to do something physical, with a competitive or social element. We look for strong operators, formats that people return to, and a real reason the business matters to its community.
Founders with real domain expertise and the operational grit to run the business, who understand the people they serve.
Venues, events and formats that get people physically taking part, competitive or social, and worth coming back to.
Founders who want a partner, not just a cheque. We stay close to the business and leverage the benefit of experience to scale.
Businesses where growth and community benefit go together: more people playing, stronger local connection, desire for repeat custom.
Investment Criteria
Profitable
Sound underlying economics with a path to sustainable cash generation.
Investment
Mid-market, small to medium-sized businesses up to £50m value.
Growth
Sustainable growth tailwinds where we can provide capability to aid scaling.
Situation
Businesses in the wrong ownership environment or requiring turnaround experience to return to growth and scaling.
In Scope:
Target Sectors
Blue Padel (UK) · Pad (NZ)
Padel, racquet sports and emerging participation formats. Structurally undersupplied, and built for repeat play.
Functional fitness business
Event IP with multi-city rollout potential in the fast growing fitness racing category.
Academies, clubs and infrastructure in a segment vastly under capitalised.