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LDC invests in Zip World at £45M valuation

Midmarket private equity firm LDC said it made a "significant" minority investment in U.K. outdoor adventure company Zip World.

HSBC supported LDC on the deal, which values Zip World at £45 million. LDC executives Dewi Hughes and Alistair Pendleton will join Zip World's board as nonexecutive directors.

Zip World, which offers zip lines, treetop courses and other activities, will use the capital to add new attractions to its three existing locations in northern Wales and roll out its adventure experiences within and outside the U.K.

LDC was advised by Geldards and EY and received specialist due diligence support from Pragma, Ellis Whittam, FB Systems, Prelude, 3Sixty and JLT. Zip World was advised by Stephen Hughes, Blake Morgan, FRP Advisory, PwC and Lanyon Bowdler. HSBC UK Bank plc and its North West corporate banking team was advised by Addleshaw Goddard, while the exiting shareholders were advised by Thrings.