A private equity company in Edinburgh has raised a multi-million pound war chest with the intention of investing in medium-sized firms throughout the UK.
Dunedin has also said that at least £60 million will be invested in Scottish firms which have an overall value between £20 million and £75 million.
In total, the firm has raised £300 million, exceeding its own target by over £50 million.
Talking about the plans, partner in the firm Mark Ligertwood said:
“We provide investors access to high quality UK SMEs and their growth potential, and the fact that our fund exceeded our £250m target is an endorsement … of the strength of opportunity available in the UK.”
Many of the country’s best performing firms will likely be targeted, with a large number having already refinanced with the help factoring and other non-traditional lending methods. It is such innovative and exciting approaches that Dunedin investors seem to be interested in.
Dunedin will also lend expertise in international business, something which many factors are also eager to help with. With exports in Scotland showing great strength at the moment, Europe in particular is expected to be a key growth area.
Whilst the company has many investors living in Scotland and across the UK, most are based overseas. In total, around 60 per cent of Dunedin’s investors are based outside of the UK. This number is three times higher than it was for the company’s last fund in 2006.