Dunedin, the UK mid-market private equity house, has been shortlisted for ‘Small Buyout House of the Year’ at the forthcoming ‘British Private Equity Awards,’ which celebrate innovation and excellence in private equity, as well as honouring the industry's ability to help build British businesses.
The shortlist for ‘Small Buyout House of the Year’ is drawn up by a judging panel of respected industry practitioners and consists of firms that have shown consistently high standards during the period from July 2012 to June 2013. Winners will be announced on October 3rd at an event held at the Royal Garden Hotel in Kensington, London.
Shaun Middleton, managing partner of Dunedin, comments: “We are very pleased to have been shortlisted in this category in a year of particular achievement for Dunedin. It comes soon after we closed our £300 million Dunedin Buyout Fund III, significantly in excess of our target, and completed two investments in rapid succession – the £34.5 million management buyout of Premier Hytemp in December and then the £43 million buyout of Trustmarque Solutions in June. We also exited etc.venues in this period, which realised a money multiple of 3.2x for Dunedin.
“These awards honour our industry’s ability to help British businesses. Dunedin has made a significant impact in this area completing seven portfolio acquisitions in addition to the twelve executed in 2011, and our investment portfolio has reported 13% employment growth, 18% turnover growth and 10% growth in EBITDA.”