Dunedin, the UK mid-market private equity house, has expanded its investment team by hiring two new analysts. Sophie Chambers and Katie Chung will join the origination team, which focuses on identifying and assessing new investment opportunities. These appointments follow Dunedin’s recent investment in construction dispute specialist Blackrock Programme Management, an opportunity that was sourced off-market via its origination team and circumvented any formal auction process.
Dunedin has also promoted Oliver Bevan to partner and Karan Darroch to finance and operations manager. Oliver joined Dunedin in 2007 and has been instrumental in leading investment activity within the oil and gas sector and has made a huge contribution to Dunedin generally over the past eight years. Karan has significantly enhanced Dunedin’s internal operational reporting since she joined two years ago from KPMG.
Sophie Chambers was previously an associate at Ennismore Capital and prior to that was a member of EY’s corporate finance department. Katie Chung joins from PwC where she was a senior associate in the corporate finance team. Sophie and Katie will be involved in the sourcing of deals across the UK on behalf of Dunedin and will report to partner and head of origination, Giles Derry.
Shaun Middleton, managing partner at Dunedin said: “We are delighted to welcome Sophie and Katie to the team. They join Dunedin at a busy time. We are actively looking to invest our current fund in UK headquartered business with a market leading position in their niche. Strengthening our origination function will enable us to expand our pipeline of opportunities further and continue the trend with our last three deals sourced off-market.”
“We would also like to congratulate Oliver Bevan and Karan Darroch on their well deserved promotions.”
Dunedin’s investment in Blackrock Programme Management is the fourth investment that Dunedin has made from its latest fund, Dunedin Buyout Fund III, which closed on £300 million in July 2013.