Ashcombe advises Bounce on a financing to support expansion plans

Ashcombe is pleased to announce that it has raised growth capital for Bounce – the London-based table tennis themed bar & restaurant – primarily via new facilities arranged with Santander.

The new funding will support Bounce in its exciting expansion plans to open two new venues: a second UK site due to open later in 2015, and its first US site in Chicago opening in early 2016.

Adam Breeden, CEO and Founder of Bounce, commented: “This is an important step in fulfilling our long term growth ambitions; Ashcombe have provided invaluable advice and support in helping to put together this financing and are an important partner for the business as we grow internationally.”

Simon Bullivant, Founding Partner of Ashcombe, added: “We are delighted to be working with Bounce, which is a truly first-class operator in the hospitality space, with one of the most iconic venues in London.  This is a long term relationship for us, and we very much look forward to advising the business on its future growth strategy.”