Blue Sky Private Equity Tourism Fund

Active is a fast-growing multinational adventure tourism business based in Queenstown, New Zealand. Active has been operating for 20 years and has provided over 25,000 customers with active, but comfortable, hiking and walking trips. Active’s revenue has grown at 25% per annum over the last four years, with market leading EBITDA margins of 29% due to its unique direct marketing model. Active is forecast to deliver NZ$12 million of revenue and NZ$3.5 million of normalised EBITDA.