Go-karting

GCA Altium acts as finance adviser for go-karting company in London

GCA Altium has acted as an exclusive financial adviser to TeamSport on its sale to Duke Street Capital in London.

Founded in 1992, TeamSport has grown into the UK’s largest operator of go-kart tracks. In 2013, the company completed a £10m management buyout led by Dominic Gaynor and backed by Connection Capital.

Since the buyout, TeamSport has achieved impressive growth through a combination of like-for-like sales improvement, new site openings and enhanced performance from acquired tracks.

Dominic Gaynor, CEO of TeamSport, commented: “GCA Altium ran a highly efficient and effective process.

“They invested time up front with the management team to properly prepare the business and then used their considerable experience and sector expertise to guide us through the sale process.”

TeamSport provides karting experiences as well as on-site restaurants and bars at its sites.

This latest investment from Duke Street provides funding for the next stage of expansion as the company seeks to continue its strategy of opening five tracks per year, with the added potential to grow internationally.

The transaction represents GCA Altium’s 12th UK consumer transaction in the last 12 months.

Christopher Jones, Managing Director at GCA Altium, said: “TeamSport has built a formidable competitive advantage in the karting sector and is positioned to capitalise on the sustained shift in consumer spending towards experiential leisure.

“We have little doubt that TeamSport will continue to thrive under Duke Street’s stewardship and look forward to following their success.”

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