BOXPARK gears up for national growth with investment
8 Sep 2021
8 Sep 2021
BOXPARK, the multi-award-winning hospitality and leisure operator is set to accelerate its expansions plans after securing new investment.
BOXPARK was founded in 2011 by Roger Wade and has evolved from being the world’s first pop-up mall to one of London’s most high-profile branded dining, leisure and retail developments with three sites in Shoreditch, Croydon and Wembley.
Mid-market private equity firm LDC will support BOXPARK’s management team and help to accelerate the company’s ambitions of rolling out new sites across the UK over the next five years.
The partnership comes after BOXPARK bounced back since reopening in April with record sales and strong like for like growth. It recently announced the launch of its new concept BoxHall which is set to open in Bristol next year and the business is on track to generate revenues of over £18million in the year to April 2022.
LDC is backing the existing management team, led by BOXPARK Founder Roger Wade, Simon Champion and Ben McLaughlin, with existing Non-Executive Director, John Leslie, becoming Non-Executive Chairman. Charles Dunstone has exited his involvement in the business.
Roger Wade, CEO & Founder