SME Capital is thrilled to announce a £1.75m loan to support Progressive Sports with the acquisition of Get Active Sports.
Established in 2004, Get Active Sports provide exciting and engaging activities for children and are responsible for seeing 15,000 children through their activities every week, priding themselves in providing enriching experiences to schools and their local communities.
They deliver high quality PPA Cover, PE Tuition, Staff CPD, Extra Curricular Clubs, Breakfast & After School Childcare, Holiday Camps, Football Development, Apprenticeships, Fetes & Fundraising events and Parties to schools, parents & children across the UK.
Progressive Sports is one of the UK’s leading providers of physical education, school sport, physical activity and childcare. They’re passionate about inspiring and encouraging as many children as possible to create a lifelong commitment to being active.
Commenting on the deal, SME Capital Regional Director James Lowe said “This is a great complimentary acquisition by Progressive Sports which brings further expertise into supporting schools and communities to inspire and encourage children to be physically active. Under the leadership of Eddie and the broader management team, this acquisition further strengthens the groups growth journey.”
Progressive Sports CEO, Eddie Ray said: ”The acquisition of Get Active Sports is a significant step in our journey to engage more children to be more active more often. Strategically it’s a perfect fit for us as a business and only strengthens the IP and know how the group has. This will be the first of many acquisitions for the group as we have big plans to increase of reach and we hope in SME Capital we have a partner that can support us achieve our own growth plans - they have been a pleasure to work with on getting the deal done!”
The transaction was led by James Lowe and Chris Collings, Regional Directors of SME Capital. HCR Law assisted SME Capital with the deal legal documentation with Herrington Carmichael acting on behalf of the Borrower.
If you would like to discuss acquisition financing in more detail, or find out more about our wider funding options, please do get in touch.
About SME Capital
SME Capital was founded to support the growing number of SMEs who face difficulty or frustration in accessing capital through traditional methods. We understand the importance of real and trusted relationships in the SME lending market and have dedicated Regional Directors based across the UK. By combining traditional lending expertise with the latest in data analytics, we are supporting established UK SMEs with their long-term objectives and business ambitions.
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