Zip World set to fly with LDC backing
7 Jan 2019
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.”
LDC was advised by Geldards and EY (tax), with Pragma, Ellis Whittam, FB Systems, Prelude, 3Sixty and JLT providing specialist due diligence support.
Zip World was advised by Stephen Hughes (corporate finance), Blake Morgan, FRP Advisory, PwC and Lanyon Bowdler.
HSBC UK Bank plc and their North West Corporate Banking Team was advised by Addleshaw Goddard and the exiting shareholders advised by Thrings.