Escape Hunt PLC US and Canada Franchise Deal Signed (2021N)
September 23 2019 - 1:01AM
UK Regulatory
TIDMESC
RNS Number : 2021N
Escape Hunt PLC
23 September 2019
23 September 2019
Escape Hunt plc
(the "Company" or "Escape Hunt")
US and Canada Franchise Deal Signed
Further to its announcement on 29 April 2019, Escape Hunt
(AIM:ESC) is pleased to announce that it has now signed the
contract with its US franchising partner, Proprietors Capital
Holdings ("PCH"), for a roll-out of new franchise sites across the
US and Canada.
PCH is a US-based investment capital company with a wealth of
experience in supporting and growing brands as both a franchisee
and franchisor. PCH has successfully grown brands including Papa
Murphy's, CPR - Cell Phone Repair, PROSE, Miracle Method, Online
Trading Academy, and Pedal Pub.
During the last few months, PCH's management team has spent time
in the UK getting to know Escape Hunt, and, together with the
Escape Hunt management team, has developed a detailed plan to
address the market opportunity for escape rooms in the US and
Canada. It is expected that PCH will operate its own Escape Hunt
sites as a franchisee, as well as operate sub-franchisees where
appropriate. PCH will be responsible for providing the resources to
fund the roll-out. Both companies look forward to commencing the
roll-out of sites in the coming months.
Richard Harpham, Escape Hunt Chief Executive Officer, said:
"We are delighted to have found in PCH a partner that has a
proven track record of rolling-out franchises, is well-resourced,
and has a deep understanding of the experiential market. With a
plan to roll-out escape rooms across the entirety of the US and
Canada, this deal represents a significant step towards achieving
our goal of growing the franchise estate by two to three times over
the medium term."
Scott Evert, PCH Managing Partner, said:
"Escape Hunt sets the bar as the preeminent provider of
immersive escape room experiences and we are excited to help bring
their games to the US and Canadian markets."
Enquiries
Escape Hunt plc +44 (0) 20 7846
Richard Harpham (Chief Executive Officer) 3322
Shore Capital - NOMAD and Joint Broker
Daniel Harris, David Coaten (Corporate Finance) +44 (0) 20 7601
Fiona Conroy (Corporate Broking) 6128
Peel Hunt LLP - Joint Broker
George Sellar +44 (0) 20 7418
Guy Pengelley 8900
Yellow Jersey - Financial PR
Harriet Jackson +44 (0) 20 3004
Dominic Barretto 9512
The person arranging release of this announcement on behalf of
the Company is Richard Harpham, Chief Executive Officer.
About Escape Hunt plc
The Escape Hunt Group is a global leader in providing live
escape-the-room experiences with a network of owner-operated sites
in the UK and a global network of franchised outlets in six
continents. The Company was re-admitted to AIM in May 2017 and has
a strategy of creating high quality premium games and experiences,
which incorporates branded IP content.
About Proprietors Capital Holdings
Founded in 2004, PCH is a Partner focused private equity firm
focused on dramatically growing small businesses to be leaders in
their respective industries.
https://www.proprietorscapital.com
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END
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