Blake Morgan advises Zip World on majority investment from Dolphin Capital
Blake Morgan is pleased to have advised leading UK adventure park operator Zip World on securing a majority investment from Dolphin Capital. This landmark deal, which values the company at over £100m, marks a pivotal moment in Zip World’s ambitious growth and expansion plans for 2025 and beyond. The transaction also signifies the exit of private equity firm LDC after a successful six-year partnership.
Advised by Blake Morgan, the transaction represents a significant milestone for Zip World, which has seen substantial growth since LDC’s initial minority investment in 2018. Over this period, Zip World has expanded from three sites in North Wales to eight locations across Wales and England, introduced new adventure attractions, and diversified into accommodation, including a hotel and luxury forest lodges.
Direct equity investor Dolphin Capital has extensive expertise in the hospitality and leisure industry. It will support Zip World’s management team in delivering its growth strategy, including new site developments and investments in existing locations. Dolphin Capital will also provide financing for further acquisitions and attractions.
Andrew Hudson, CEO of Zip World, said:
As we continue to build on our successes and push forward with our latest expansion plans, we are delighted to welcome Dolphin Capital as our new investment partner. Their enthusiasm for our vision, coupled with their sector expertise, makes them the ideal partner for the next stage of our journey.
Blake Morgan acted for Zip World Group’s shareholders in connection with LDC’s exit. The complex transaction required a multidisciplinary team working within tight timescales, demonstrating the firm’s expertise in advising on high-profile corporate transactions.
Richard Jones, Partner at Blake Morgan, commented:
We are delighted to have supported Zip World and its shareholders through this significant transaction. Zip World is a standout brand in the adventure tourism sector, and this investment marks an exciting new chapter in its growth story. We look forward to seeing the business continue to expand and innovate.
Blake Morgan’s team on the deal included Richard Jones, James Vaughan and Megan McBlain in the Corporate team, Property Group experts Charlotte Whitehead, Jonanthan Williams and Abbie Evans, as well as Banking & Finance Partner Paul Duggan, and Employment Associate Hannah Waterworth.
For more information about Blake Morgan’s corporate legal services, see here.
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