Zip World, the adventure tourism heavyweight founded in 2013 by ex-Royal Marine Commando Sean Taylor, has been acquired in a landmark £100 million deal. The company, known for its popular Welsh sites, is poised for further expansion following the acquisition. While Taylor will retain a minority stake in the business, Dolphin Capital, the buyer, will hold a majority share in the Llanrwst-based firm. Dolphin Capital already possesses an impressive portfolio, including Snowcentres, Techmet, and Dynisma.
The recent announcement of Zip World’s sale comes on the heels of the closure of its Conwy site at Dolgarrog, a decision made after thorough consideration. However, the company also revealed plans for its newest adrenaline-fueled attraction, Zip World London, scheduled to open at the Queen Elizabeth Olympic Park on Valentine’s Day. CEO Andrew Hudson expressed his excitement about the investment deal, highlighting the resilience and strategic vision that have propelled Zip World’s success despite challenges faced by the leisure and hospitality sector in recent years.
In 2018, Sean Taylor sold a 40% stake in Zip World to Lloyd’s private equity arm, LDC, valuing the company at £45 million. Since then, Zip World has experienced significant growth, expanding its sites in north Wales, introducing new adventure offerings, and venturing into accommodation with the addition of a hotel and luxury forest lodges. Currently, the company boasts eight locations across Wales and England, including the renowned Velocity zip line at Penrhyn Quarry.
The growth of Zip World has been driven by investments in merchandise, dining options, employee development, and operational enhancements. Looking ahead, Zip World aims to establish a new site in Elterwater, Cumbria, this year and is teasing a forthcoming ride at Penrhyn Quarry, touted to be the largest of its kind globally. As Zip World prepares for further expansion, the investment from Dolphin Capital signifies a significant milestone in the company’s journey towards delivering unparalleled experiences to its customers.
After a successful six-year partnership, LDC has chosen to exit Zip World, commending the company’s remarkable expansion as an important player in the UK adventure industry. The £100 million valuation of Zip World reflects its historical earnings before interest, tax, depreciation, and amortisation over a decade, showcasing the company’s financial robustness and growth trajectory.
This latest development in the adventure tourism sector underscores the continuous evolution and growth of Welsh businesses on the global stage. Zip World’s acquisition and strategic partnerships position it for further success and innovation in the years to come, reinforcing its commitment to delivering exceptional adventure experiences while driving sustainable growth in the leisure and tourism industry.