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Dwellcourt obtains “significant stake” in PadelStars

PadelStars recently opened its first padel facility in Reading (Image: PadelStars)

Dwellcourt Group has made a significant investment in padel centre operator PadelStars Limited. Under the terms of the agreement, Dwellcourt will take a significant stake in PadelStars and provide strategic advice as well as operational and administrative know-how to fast-track the development of the business.

PadelStars recently opened its first padel facility in Reading. The company plans further centres in Southampton, Bracknell, St Albans, Bournemouth, Folkestone, Basildon and Chigwell.

Dwellcourt’s investment and support will enable the business to accelerate its growth and site development pipeline.

PadelStars was founded by Andy Knee and Jamie Brooke and works with existing sports clubs and leisure facilities to introduce padel tennis to their sites.

Dwellcourt is the owner of the Silvermere Golf & Leisure complex and Kingswood Golf and Country Club.

Andy Knee, co-Founder and CEO of PadelStars, said: “We’ve met several times with Dwellcourt over the past year and discussed multiple opportunities. This has resulted in us gaining an understanding of how they have built such an impressive business, and we have enjoyed getting to know them as people.

“It’s a great match, we’re very excited about what their investment and expertise will bring to the PadelStars business.”

Jeff Hilliard, Chair of Dwellcourt Group, said: “Having had several approaches by padel operators hoping to build courts on our sites, PadelStars stood apart for its vision, dynamism and professionalism.

“With a pipeline of strong new sites being secured, we have decided to once again back impressive people and see how we might offer our operational experience as well as our investment to help them scale their business. These are exciting times for padel and we are excited to be a part of the PadelStars journey.”

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