A leading designer and manufacturer of innovative waterslides and attractions, Australian Waterslides and Leisure (AWL) is also able to advise clients in the areas of concept and design, feasibility…read more
Next Capital acquires FEC operator Funlab
Leading Australian out-of-home entertainment company Funlab, the operator of Strike bowling bars as well as Sky Zone trampolines centres and Exitus escape rooms, has reportedly been acquired by the Next Capital group.
According to the Australian Financial Review, Next Capital has bought out Funlab's minority shareholders and plans to back Funlab Chief Executive and founder Michael Schreiber's future growth plans.
Funlab, which makes about $10 million in earnings, was established by Schreiber in 2001.
Schreiber established his first Strike Bowling venue on Melbourne's Chapel Street, with operations expanded to 12 venues in NSW, Queensland and Victoria.
The AFR has suggested that given the similarities between Strike's model of combining bowling and that of Ardent Leisure's Kingpin chain, "there are sure to be some in the market who see sense in a follow-on deal between the two parties".
Next Capital's portfolio also includes Lynch Group, Australia's largest wholesaler of floral and potted products; Brisbane-based steel maker Steelforce; and GoBus, an operator of urban, school and charter bus services throughout New Zealand.
Image shows an Exitus escape room at Strike Bowling Mlebourne Central.
1st October 2016 - NEW GOLF-BASED FEC CONCEPT OPENS IN BRISBANE
15th August 2016 - NEW GENERATION ESCAPE ROOM TO OPEN IN MELBOURNE
27th July 2016 - FUNLAB EXPLORES NEW OWNERSHIP OPTIONS
26th July 2016 - ESCAPE ROOMS EXPAND GAMING CONCEPTS INTO LIVE-ACTION EXPERIENCES
8th April 2016 - SKY ZONE OPENS LARGEST TRAMPOLINE PARK IN THE SOUTHERN HEMISPHERE
1st December 2016 - DREAMWORLD EXTENDS SEASON PASSES, STRESSES SAFETY OF WHITEWATER WORLD
13th September 2015 - NEW BOWLING CENTRE A HIGH POINT OF ENTERTAINMENT AND PUZZLES
20th July 2014 - FIRST SKY ZONE TRAMPOLINE ARENA LAUNCHES IN BRISBANE
11th December 2013 - STRIKE BOWLS OVER SYDNEY’S MACQUARIE CENTRE
Asking a small favour
We hope that you value the news that we publish so while you're here can we ask for your support?
The news we publish at www.ausleisure.com.au is independent, credible (we hope) and free for you to access, with no pay walls and no annoying pop-up ads.
However, as an independent publisher, can we ask for you to support us by subscribing to the printed Australasian Leisure Management magazine - if you don't already do so.
Published bi-monthly since 1997, the printed Australasian Leisure Management differs from this website in that it publishes longer, in-depth and analytical features covering aquatics, attractions, entertainment, events, fitness, parks, recreation, sport, tourism and venues management.
Subscriptions cost just $90 a year.
Click here to subscribe.
The Complete Guide to Leisure Industry Products & Services.
Crystal Pools has a solid history of performance on a wide variety of government and commercial projects and is the name behind many of Australia’s most innovative and ambitious aquatic…read more
Centaman has been a market leader in Enterprise Software Solutions for the leisure and recreation industry and both profit and not-for-profit attractions since 1991. It offers a wide range of software…read more
Life Fitness Cardio Life Fitness Strength Hammer Strength Group Cycling Rowers Certified Refurbished Freeweights Benches & Racks Flooring Life Fitness is the global leader in the fitness…read more
AAC ID Solutions is a leading supplier of identification access wristbands, barcoded wristband tickets, lanyards, membership products and RFID solutions for events and venues, working with thousands…read more
Augmented Creative is an open organization of like-minded and highly dedicated, creative people who conceive, plan and execute visual solutions. We pursue new and innovative visual ideas to help…read more
Playrope Aqua-Fun, are the Australian & New Zealand exclusive distributors for Vortex Aquatic Structures International, the world leader in aquatic playgrounds and urban water landscapes.…read more
BioGuard is Australia and New Zealand’s most trusted supplier of premium, innovative and affordable commercial water treatment systems and chemicals. BioGuard offers a comprehensive range of…read more
get listed with our suppliers directory
Get your business noticed in our targeted directory. Viewed by 10,000 industry professionals per week!