UK adventure park operator Zip World, a certified B Corp, has announced a transformative majority investment from direct equity investor Dolphin Capital, marking a significant turning point in its expansion strategy for 2025 and beyond. Valued at over £100 million, the deal was struck alongside founder Sean Taylor and signifies a successful exit for LDC, part of Lloyds Banking Group, following a six-year partnership.
LDC’s initial minority investment in December 2018 helped propel Zip World’s growth strategy, during which the company nearly doubled its turnover by 95% and expanded its headcount by 200%. Starting with just three sites in North Wales, Zip World has grown into an operator with eight sites across Wales and England. The portfolio now features innovative attractions such as Velocity, the world’s fastest zip line, along with various zips, climbs, drops, and coasters that cater to adventure seekers.
In addition to its ride offerings, Zip World has diversified into accommodation, launching a hotel and luxury forest lodges. An independent report by North Wales Tourism revealed that the company has contributed an impressive £941 million to the Welsh economy over the last decade. This milestone, along with achieving B Corp Certification, places Zip World among an exclusive group of adventure tourism businesses that adhere to rigorous standards in social responsibility, environmental stewardship, and corporate governance.
Andrew Hudson, CEO of Zip World, expressed his gratitude to LDC for their support during challenging times, including the disruptions caused by the Covid-19 pandemic. “The leisure and hospitality sector has faced numerous obstacles over the past year, but our resilience and continued growth stand as a testament to our team’s vision and hard work,” Hudson said. “Welcoming Dolphin Capital as our new partner not only validates our strategy but also provides us with the resources to accelerate our expansion.”
Looking ahead, Zip World is set to welcome visitors to its newest site, Zip World London, at the Queen Elizabeth Olympic Park in February, with further expansion planned in Elterwater, Cumbria later in 2025. The company is also awaiting planning decisions for a new, world-leading attraction at Penrhyn Quarry in North Wales, along with upgrades at Zip World Llechwedd and further developments at its Manchester site.
Richard Cook, Partner at Dolphin Capital, commented on the investment: “We are delighted to support Zip World’s continued growth. Our investment reflects our confidence in the management team’s ability to expand the business and enhance the adventure tourism sector across the UK.”
Images: Zip World
