Dunedin aims to invest £60m in North West firms

PRIVATE Equity house Dunedin expects to invest £60m of its lastest fund in North West businesses.

The Edinburgh and London-based firm, which sold Stockport-based military bridge firm WFEL last year, has just raised £300m to invest in mid-sized companies valued at £20m-£75m.

It is still invested in Haydock-based fire resistant glass manufacturer, CGI.

Dunedin said around 60% of the fund’s investors are from outside the UK, up from 20% last time. There has been increased interest from in France, Switzerland and Germany, and the fund has attracted investment from the US and Scandanavia for the first time.

Partner Dougal Bennett said: “As a result of our successful fund close, a further £300m will be available for investment in UK SMEs – and as much as £60m for enterprises in the North West of England.  
 
“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 both of the strength of opportunity available in the UK, and of the active approach that we take to creating stronger, more profitable enterprises.”