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Dunedin Enterprise commits £60m to Dunedin funds

22nd Jul 2013 10:49

RNS Number : 8241J
Dunedin Enterprise Inv Trust PLC
22 July 2013
 

Dunedin Enterprise Investment Trust PLC commits a total of £60m to Dunedin funds

 

Dunedin Enterprise announces it has now committed a total of £60m to the UK lower mid-market through Dunedin's next buyout fund (Dunedin Buyout Fund III). In December 2012 the Trust announced a commitment of £50m and this further £10m brings the Trust's commitment to 20% of the fund at final close.

 

Shaun Middleton, Managing Partner of Dunedin, the manager of Dunedin Enterprise, said: "This final commitment will allow the Trust to continue to deliver on the strategy approved by shareholders and follows a number of successful realisations achieved last year."

 

- Ends -

This information is provided by RNS
The company news service from the London Stock Exchange
 
END
 
 
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