LDC acquires minority stake in Zip World

The deal will enable Zip World to invest in new sites and add new attractions to its existing locations.

Following the transaction, LDC investment director Dewi Hughes and director Alistair Pendleton will take seats on the Zip World board of directors.

Debt
Zip-World's existing lender, HSBC, provided additional debt to support the transaction.

Company
Founded in 2003 and headquartered in Bethesda, north-west Wales, Zip World operates three zip-wire-focused theme parks across the Snowdonia mountain range. In addition to ziplines, it also has roller coasters and treetop assault courses. The business generates revenues of around £14m.

People
LDC – Dewi Hughes, Simon Hemley (investment directors); Alistair Pendleton (director); James Garland (investment executive).
Zip World – Sean Taylor (co-founder, director); David Stacey (managing director).

Advisers
Equity – Geldards (tax); EY (tax); Pragma (commercial due diligence); Ellis Whittam (legal); FB Systems (IT due diligence); Prelude Consulting (management due diligence); 3Sixty (financial due diligence); JLT (insurance due diligence).
Company – Stephen Hughes (corporate finance); Blake Morgan (legal); FRP Advisory (corporate finance); PwC (tax); Lanyon Bowdler (legal).
Vendor – Thrings (legal).
Debt – Addleshaw Goddard (legal).

• Tweet  
• Facebook  
• LinkedIn  
• Google plus  
• Send to  

• Topics
• Expansion
• UK / Ireland
• Consumer
• United Kingdom
• LDC
• EY (Ernst & Young)
• PwC
• Addleshaw Goddard