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Zip World, the Welsh adventure company, has been sold in a deal that values the business at more than £100m. Dolphin Capital is the new owner of the Llanberis-based firm, although founder Sean Taylor retains a minority stake. Zip World has eight sites across Wales and England, including Velocity, the world’s fastest zip line, located at Penrhyn Quarry in Bethesda. Chief executive Andrew Hudson said the sale would “kickstart” plans to expand the company, upgrading existing sites and opening new attractions across the UK.
Zip World’s latest developments include Zip World London at the Queen Elizabeth Olympic Park, which is set to open in February, and a new site in Elterwater, Cumbria, due to open later this year. Dolphin Capital already owns Snowcentres, which provides indoor snow sports, and the purchase of Zip World is intended to drive further growth for both companies. Hudson said that “investment is key for us, not only in our new sites but also in adding value to our existing locations,” adding that the company will continue to “reinvest in more adventures for the area” in north Wales.
The sale of Zip World reflects increasing demand for outdoor activities in the UK, as people look to spend more time outdoors following the pandemic. It follows the sale of Go Ape to rival adventure company, Rockifi in November 2020. Despite the impact of Covid-19 on the tourism industry, Zip World has continued to thrive, and reported sales of £35m last year
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