Leisure group lands £7.5m investment to expand Birmingham footprint

Leeds-based Roxy Leisure the operators of the Roxy Ballroom and Roxy Lanes venues has received a £7.5m investment.

Independent private equity and infrastructure investment managers Foresight Group has put the funding into the business to support Roxy’s expansion which includes a new opening in Birmingham early in the New Year and second venues in Manchester and Nottingham.

Roxy Leisure, founded in 2013, currently operates across eight venues in four cities; Leeds, Liverpool, Manchester and Nottingham.

Its venues feature a range of entertainment offerings including pool tables, ping-pong, mini-golf and arcade gaming. Its multiple experiences all under one-roof model is a core differentiator for the brand in the rapidly expanding ‘competitive socialising’ sector.

Matt and Ben Jones, Founders of Roxy, said: “It has been a pleasure working with Foresight’s experienced investment team, who understood our business quickly and demonstrated a strong appetite to support our plans. Their pragmatic approach and experience in working with businesses and management teams in our sector made them stand out as the right investor for us.”

Commenting on the investment, Mike Quinn, Director at Foresight, added: “Roxy demonstrates some of the most attractive leisure sector performance metrics we have seen and the growth of the business in recent years has been impressive. The company is well-positioned to accelerate its growth with the additional support and guidance that Foresight will bring. Matt and Ben have built a successful business with a good corporate culture and we look forward to working with them to take Roxy through the next stage of its growth.”