Private equity firm acquires Queenstown’s Active Adventures
With 30 staff and 60 guides located around the world, Active Adventures offers fully-guided small group adventures in New Zealand, Nepal, Europe and South America.
The consortium, led by Blue Sky Alternative Investments, officially acquired the business on August 1. Blue Sky’s private equity investment director Nick Miller and Blue Sky investment associate Ben Milton will join the Active Adventures board.
The Blue Sky consortium also includes former co-founder and CEO of Virgin Blue and current deputy chairman of Tourism Australia and Auckland Airport Brett Godfrey, as well as investment banker Scott Malcolm.
Active Adventures major shareholders Robin Wiseley and Michelle Trapski will also join the new board, which Wiseley described as a “highly passionate, motivated and skilled group with very impressive business and governance credentials”.
“This new partnership will own and operate this company into the future, and it’s a very exciting future,” said Wiseley.
“Over the last four years we’ve enjoyed amazing growth, more than doubling our turnover, adding new destinations to our business and our new brand New Zealand Walking tours, launched in April. The company has grown to a point where we were able to attract the skills and investment capabilities of our new partners.
“There are so many options in terms of growth through acquisition, development of new niche brands and potentially new offshore destinations.”