Dunedin follows oversubscribed £300m fundraise with two new hires


interview hire job suit tieUK mid-market private equity firm Dunedin has strengthened its team in the wake of closing its £300m third fund by bringing on board two new members of staff.

Former KPMG senior manager Karan Darrach has joined the firm as financial controller responsible for fund reporting and portfolio monitoring, while ex-PwC senior associate Andrew Davidson has been hired as an analyst.

Dunedin managing partner Shaun Middleton said, “Karan and Andrew have joined Dunedin at an exciting time for the business. Over the last twelve months we have been very active.

“We recently completed a successful £300m fund raise significantly in excess of our target. “We made two investments in rapid succession – the £34.5m management buyout of Premier Hytemp in December and then the £43m buyout of Trustmarque Solutions in June.

“We also completed two exits in this period – etc.venues and Practice Plan, which realised money multiples for Dunedin of 3.2x and 2.8x respectively.

“With our new fund in place, we are ready to invest in UK headquartered businesses with a market leading position in their niche, and have a full pipeline of interesting opportunities to explore.

“These appointments demonstrate our commitment to developing our team so as to capitalise on these investment opportunities, to continue to provide hands on support to our portfolio and to provide our investors with a first rate service.”

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