The personal fairness backer of Zip World, the operator of the world’s quickest zip line trip, is placing its stake within the enterprise up on the market.
Sky Information understands that LDC, which is a part of Lloyds Banking Group, has appointed company financiers at KPMG to supervise an public sale.
Zip World operates seven websites in Wales, Cumbria and Manchester, providing actions equivalent to indoor climbing, underground golf and treetop-trekking.
It targets the rising company market in addition to households.
Zip World offered a stake to LDC in 2018 in a deal which valued the corporate at £45m.
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Final 12 months, it appointed Andrew Hudson, who had been with the corporate for 5 years, as chief govt to drive its progress.
It has been chaired since 2019 by Giles Thorley, a veteran of the UK leisure sector and former boss of the pubs operator Punch Taverns.
Trade sources stated different personal fairness companies have been anticipated to precise an curiosity in bidding for Zip World.
The dimensions of LDC’s stake within the firm is undisclosed aside from being a minority place.
A spokesperson for LDC declined to remark.
