Saturday, 22 November 2014
Last updated 23 hours ago
Jul 22 2013 | 2:04pm ET
Edinburgh-based private equity firm Dunedin has raised £300 million for a fund focused on mid-sized UK companies, exceeding its target by £50 million.
Dunedin told the BBC it would make up to £60 millon available to Scottish businesses with an enterprise value of between £20 million and £75 million.
The firm said roughly 60% of its investors are outside the UK, three times the number of non-UK investors it attracted to its previous fund, launched in 2006.
Said Dunedin partner Mark Ligertwood: "We provide investors access to high quality UK SMEs and their growth potential, and the fact that our fund exceeded our £250 million target is an endorsement both of the strength of opportunity available in the UK and of the active approach that we take to creating stronger, more profitable enterprises.
Nov 4 2014 | 9:45am ET
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