An indoor climbing business with sites in Liverpool, London and Plymouth has received investment from NVM Private Equity to allow it to expand.
The Climbing Hangar targets climbers and non-climbers looking for a sociable way to keep fit. The business, which is based in Liverpool, was founded in 2010 by Ged Macdomhnaill.
Rob McCarthy of Dow Schofield Watts Transaction Services provided financial due diligence for NVM on the investment. Rob said: “The Climbing Hangar has developed its own form of ‘social climbing’ which has proved popular with fitness enthusiasts, families and corporate clients alike. This investment will allow the company to roll out its brand ahead of the 2020 Olympic Games in Tokyo, when it expects interest in the sport will increase.”
Liam May, investment director of NVM, added: “The Climbing Hangar has built a strong, vibrant and recognisable brand and is well placed to capitalise on the growth of bouldering and the alternative leisure market.”