Wed, 20 Sep 2017 | MBO/MBI
One of the UK’s leading mountaineering centres, Ice Factor Group, has successfully completed a management buy-out in a deal worth £523,000.
Thanks to a funding deal with HSBC the adventure tourism business, which has its main site located in Kinlochleven, hopes to enable to business to embrace market growth and attract more customers.
Jamie Smith, a keen amateur mountaineer who founded the firm in 2001, has re-acquired a 100 per cent stake in the group. Since 2003, the group has grown by 783 per cent, with annual revenues growing from £484,000 to £4.2 million.
Ice Factor Group encompasses two separate sites at Kinochleven in the Highlands, called Ice Factor, and Snow Factor in Braehead near Glasgow, both in Scotland.
Ice Factor is one of the world’s largest indoor ice-climbing facilities, featuring a 15-metre high indoor ice wall which is encrusted with snow and névé that is one of the most advanced in Europe.
Snow Factor, meanwhile, was originally called SNO! Zone until bought out by Ice Factor in 2011, which features a 200-meter snow slope and a second indoor ice wall.
The group has confirmed that alongside new plans confirmed in the management buy-out it will also operate a new £30 million snow dome in Middlesbrough, which is being constructed as part of a local regeneration project.
Smith said that he hoped the buy-out would allow him and his team to serve customers “with the best snow and ice experiences in the world”.
He added: “The buy-out frees up a significant amount of time for the senior management team and resources that can quickly be reinvested back into further improving the quality of the snow sports experience for our customers across both sites.”
We are pleased to take to market an established, cash-generative domestic/commercial waste recycling/skip hire business which, in its previous full year, turnover over £1,600,267 with an adjusted EBITDA of £448,006 after depreciation, finance, and di...
Turning over £600,000 a year with an EBITDA profit margin of 16.8%, our client’s business has made real progress since it was spun off as a separate company from its parent group. Specialising in HGV, PSV, and trailers providing MOTs, maintenance,...
We are pleased to take to market an established, cash-generative haulage and storage/warehousing business turning over £3,200,000+ per annum for the last four years and more at an average adjusted EBITDA of 21.4% (net profit 7.6%).
|
03
|
|
Mar
|
Spring Budget 2021: The M&A Outlook | BUSINESS NEWS
Chancellor Rishi Sunak has today delivered his long-awaited ...
|
03
|
|
Mar
|
Fazenda restaurant group acquired from administrators in pre-pack deal | BUSINESS SALE
The Yorkshire-based Fazenda restaurant chain has been acquir...
|
02
|
|
Mar
|
Recruitment consultancy On-Site Group acquires financial services firm | BUSINESS SALE
Specialist recruitment consultancy On-Site Group has complet...
Sign up to receive our acquisition alert emails to get your FREE guide
|
11
|
|
Sep
|
McLaren plots sale and leaseback of iconic Surrey HQ | COMMERCIAL PROPERTY
Supercar and F1 racing group McLaren has engaged property ag...
|
15
|
|
May
|
Logistics recruiters and distributors snaps up Birmingham-based counterpart | BUSINESS SALE
Challenge TRG Group, headquartered in Wigan, has successfull...
|
14
|
|
May
|
Specialist insurance company in South Wales completes MBO | MBO/MBI
A specialist insurance broker located in South Wales has suc...
Business Sale Report is your complete solution to finding great acquisition opportunities.
Join today to receive:
All this and much more, including the latest M&A news and exclusive resources