Dolphin Capital acquires Zip World for £100m, plans further expansion

Adventure company Zip World has been sold to private equity firm Dolphin Capital in a £100m deal aimed at driving further growth.

Founder Sean Taylor will retain a minority stake in the company, which has become a leader in the UK adventure sector since its launch in 2013.

The acquisition provides an exit for Lloyds Development Capital (LDC), which invested in Zip World in 2018 when the company was valued at £45m. During LDC’s partnership, Zip World doubled its number of sites and diversified its offerings to include accommodation such as hotels and luxury forest lodges. Zip World now operates eight locations across Wales and England, including its flagship attraction, Velocity, the world’s fastest zip line.

CEO Andrew Hudson welcomed the partnership with Dolphin Capital, emphasising the company’s focus on growth and sustainability. “This partnership enables us to invest in new and existing sites across the UK. With B Corp certification achieved last year, we’re proving sustainability and success can go hand in hand,” he said.

The deal coincides with Zip World’s expansion plans, including the launch of Zip World London at Queen Elizabeth Olympic Park and a new site in Cumbria. The company is also planning a new ride at Penrhyn Quarry, which it claims will be “the largest of its type in the world.”

Dewi Hughes of LDC praised Zip World’s growth under their partnership, calling it “a progressive, dynamic, and ambitious business.” The £100m valuation reflects 10 years of historical earnings before interest, tax, depreciation, and amortisation.

This acquisition positions Zip World for continued success as it expands its footprint and enhances its reputation in the UK adventure market.

Source: Yahoo News

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