Avondale is delighted to have played a pivotal role in facilitating the sale preparations and successful transaction of Red Kangaroo, a prominent trampoline operator, to Oxygen.
Red Kangaroo stands as a leader in the trampoline park industry, boasting expansive parks renowned for their exceptional customer experience. Avondale played a crucial role in aiding Paul Wrightman, the primary shareholder, in readying the company for sale. This assistance spanned financial preparations and advising the marketing department and overall organizational structure in anticipation of the sale.
When the time came to proceed with the sale, Avondale spearheaded the process, guiding negotiations and showcasing the business to potential buyers. Ultimately, Oxygen emerged as the buyer, with Avondale instrumental in facilitating the transaction. Oxygen itself was acquired by Literacy Capital Plc in July 2021, providing the necessary growth capital. The integration of Red Kangaroo’s esteemed ethos, activities, and equipment into Oxygen marks a significant milestone in the industry.
Sale Preparation and
Sold to
“Red Kangaroo is well loved by people of all ages, and I am very proud of everything Red Kangaroo has achieved. Whilst I am sad to leave behind my fantastic team, I am very excited for what comes next; this is the perfect time to join the Oxygen family. Avondale really helped me prepare and manage the sale from the start”
Paul Wrightman (Founder) Red Kangaroo