Knight Corporate Finance advised the management team of indoor climbing brand, The Climbing Hangar (TCH) on its £3m investment from NVM Private Equity (NVM).
Since its successful launch in Liverpool in 2010, TCH has expanded to two further sites in London and Plymouth. TCH plans to use the investment from NVM to expand its reach across the UK as a leading indoor climbing brand, as well as diversifying the scope of its facilities into gyms, yoga and other specialist classes.
Knight spent a number of months getting to know TCH, understanding it’s key value drivers and analysing business performance. By ensuring the financial information was investor ready, and helping to build a robust financial model, Knight helped TCH develop a deeper understanding of its own business, including KPIs around site acquisition, roll-outs and ROI.
Knight leveraged its strong experience within private equity and venture capital to run a competitive process to find the most suitable investor. Knight emphasised the client’s importance on finding a partner who understood their culture and ambition but also believed in the huge growth potential of bouldering as a wider sport. Numerous parties were interested in this unique investment opportunity but NVM stood out to the management team because they could see the potential TCH’s roll out model and the opportunity for the business to scale quickly to take advantage of the growing popularity of the sport.
Ged MacDomhnaill, Founder of TCH said “Knight took the time to understand our business and shared our passion for the intricacies of the sector and the size of the opportunity. We are delighted with the outcome and appreciate the expertise that Knight brought to the process”.
Tom Jones, Associate Director of Knight CF commented “There were a number of factors that Ged valued in an investment partner, not just the best price, so we ran a process with this in mind ensuring we found an investor aligned to Ged’s vision”.
Founded in 2008, Knight works with entrepreneurs to unlock and realise shareholder value in their business. It has completed over 90 transactions in the telecommunications, media and technology sectors from its Warrington and London offices.