OFJ is one of the largest independent trampoline park operators in the UK
The Group had under-performed against budget following a period of under-performance across a number of sites in the portfolio and a structural decline in the sector. This resulted in cash flow difficulties and a requirement for additional funding and a simplified capital structure.
BDO’s Special Situations M&A Team was introduced to run an accelerated M&A process.
Following an extensive sales process BDO delivered a pre-packaged sale to incumbent debt provider Beechbrook Capital with the administration process being used to simplify OFJ’s capital structure and streamline the park portfolio by exiting under-performing sites.