Scottish PE Firm Dunedin Raises £300M Fund

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.

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