Momentum Corporate Finance announces the successful completion of its most recent transaction, providing advice on the management buyout of Water Babies, in a transaction supported by Coutts & Co.
Having reported significant revenue growth in recent years, Water Babies now teaches over 41,000 customers per week in 600 pools.
Headquartered in Honiton in Devon, Water Babies (“the business”) was established in 2002 and its core offering is the provision of specialist swimming lessons for 0 – 4 year olds, its youngest client being just two days old. It also offers customers swimming products and iconic high-resolution photography of babies and toddlers swimming underwater – taking over 100,000 photographs per year.
Water Babies is a franchise business and in 2013 was independently recognised as a first class professional franchisor, winning on its first attempt the British Franchise Associations “Best Franchisor of the Year” Silver Award. The network of operations across the UK and Ireland generates annual revenues of in the region of £20 million.
Momentum acted as lead advisor, advising the shareholders on deal structure and assisting with the fundraising. Momentum’s team was led by Rob Crews and Alastair Boorman.
The transaction was supported by Coutts & Co.