Welsh adventure company Zip World has been sold in a deal that values the business at more than £100m.
The Llanberis-based firm was established by Sean Taylor, who retains a minority stake alongside new owners Dolphin Capital.
Zip World has eight sites across Wales and England, including the world’s fastest zip line – Velocity – at Penrhyn Quarry in Bethesda.
Chief executive Andrew Hudson said the deal would “kickstart” plans to expand the company.
In February, it will open Zip World London at the Queen Elizabeth Olympic Park, and later this year it will open a new site in Elterwater, Cumbria.
It is also planning to upgrade existing sites and open more Zip World attractions across the UK.
New investors Dolphin Capital already own Snowcentres Ltd, which operate indoor snow sports activities.
Zip World CEO Andrew Hudson said: “This is just the beginning of what we hope will be a big year.
“Investment is key for us, not only in our new sites but also in adding value to our existing locations.
“We’re thrilled to be opening in London and expanding our offering to communities across the UK, but north Wales remains at the heart of our company – it’s where it all started and it’s why we are continuing to reinvest in more adventures for the area.”
