Zip World has attracted a significant minority investment from leading mid-market private equity investor LDC, supported by HSBC, to facilitate its ambitious growth strategy.
Zip World, valued at £45 million, runs adventure experiences across three locations in North Wales. Activities include ziplines, an alpine rollercoaster, treetop adventure courses and subterranean playgrounds.
LDC’s investment will support Zip World’s growth strategy to add new attractions to its current sites and rollout its adventure experiences across the UK and beyond. The business has ambitions to double in size over the next three years.
The transaction was led by Head of LDC in Cardiff, Dewi Hughes, with support from Alistair Pendleton, Simon Hemley and James Garland.
Dewi and Alistair will both join the board as Non-Executive Directors.
Plans to acquire additional sites
Sean Taylor, director and co-founder of Zip World, said: “Having built an exciting brand in the adventure tourism sector, we are focused on scaling up and will be looking to acquire additional sites as part of our ongoing expansion strategy.
“We are incredibly confident in the future of the adventure tourism industry and have ambitions to deliver Zip World’s iconic experiences to more customers and create more unique new attractions. LDC shares our enthusiasm and vision and we now have the additional capital and expertise needed to fire up our growth plans in Wales and beyond.”
Dewi Hughes, Investment Director and Head of LDC in Cardiff, said: “We have had a longstanding relationship with Sean and Zip World team, and we’ve seen the business grow to become one of Wales’ biggest and most loved leisure brands over the last few years.
“Zip World is exactly the type of business we look to support. It’s a proven model being driven by a strong management team with a clear ambition for the future. We’re looking forward to getting off to a flying start.”
Image courtesy Zip World