Dunedin Mergers and Acquisitions Summary

Private Equity Profile

In the last 3 years, Dunedin has acquired 1 company. It has also invested in 2 others.

Dunedin’s most common sectors for investment are business services (25%) and insurance (9%). The Firm’s most common investment types include buyout (lbo, mbo, mbi) (66%) and secondary buyout (21%). In total, Dunedin has invested in 2 US states and 3 different countries. Its largest (disclosed) acquisition occurred in 2002 when it acquired The Jessop Group for $226M.

In the last 3 years, Dunedin has exited 4 companies. The Firm’s most common exit type is trade sale (36%). Dunedin’s largest (disclosed) exit occurred in 2017 when it sold Kee Safety for $431M.

Join Mergr to view Dunedin’s full profile and discover more middle-market private equity firms just like it.

M&A Summary

  • M&A Total Activity77
    • M&A Buy Activity49
    • M&A Sell Activity28
  • Total Sectors Invested 20
  • Total Countries Invested 3
  • M&A Buy/Sell Connections 15
  • M&A Advisors 5

Dunedin LLP

Saltire Court 20, Castle Terrace,
Edinburgh, EH1 2EN
United Kingdom
+44 131 225 6699
www.dunedin.com
info@dunedin.com

Dunedin is a middle-market private equity firm focused on investments in the UK. Dunedin looks to invest in businesses with proven management, strong market positions/brands, positive cash-flow, significant barriers to entry, and strong opportunities for growth. Dunedin seeks businesses valued from £20 to £100 million. Targeted sectors include construction, building materials, consumer products/services, financial services, healthcare, leisure, specialist manufacturing, and support services. Dunedin was formed in 1983 and is based in Edinburgh with an additional office in London.


Investment Criteria

Sectors of Interest: Aerospace, Automotive, Building Materials, Business Services, Chemicals, Construction, Consumer Products, Consumer Services, Distribution, Electronics, Energy Services and Equipment, Engineering, Environmental, Financial Services, Food, Gaming, Healthcare Services, Information Technology, Insurance, Leisure, Machinery, Manufacturing, Retail, Software

Target Transaction Types: Buyout (LBO, MBO, MBI), Growth Capital, Secondary Buyout, Stake Purchase

Geographic Preferences: United Kingdom, Western Europe, Eastern Europe, Scandinavia

Transaction Criteria Min Max
Target Revenue - -
Target EBITDA - -
Investment Size - 60
Enterprise Value 20 100
values in millions of GBP

M&A Summary

Buy vs Sell

Year ≤ '16 '17 '18 '19 '20 '21 T
Buy (0.8/yr) # 45 1 2 1 - - 49
vol $1.9B $1.9B
Sell (1.2/yr) # 22 2 2 - 2 - 28
vol $684M $431M $1.1B
  77

Most Recent M&A

Company Date Value Type
Hawksford Holdings Ltd. 2020-08-19 - Secondary Buyout
Jersey, Channel Islands · www.hawksford.com
Kingsbridge Risk Solutions Ltd. 2020-03-23 - Add-on Acquisition
Liverpool, United Kingdom · www.kibl.co.uk
Acquis Insurance Management Ltd. 2019-05-14 - Buyout (LBO, MBO, MBI)
Newport, United Kingdom · www.acquisinsurance.com
Incremental Group Ltd. 2018-12-04 - Growth Capital
Glasgow, United Kingdom · www.incrementalgroup.co.uk
CET Structures Ltd. 2018-11-26 - Buyout (LBO, MBO, MBI)
Castle Donington, United Kingdom · www.cet-uk.com
CGI International Ltd. 2018-09-28 - Secondary Buyout
Haydock, United Kingdom · www.pyroguard.eu
Global Processing Services Ltd. 2018-06-19 - Growth Capital
Douglas, United Kingdom · www.globalprocessing.net
Kee Safety Ltd. 2017-10-18 431M GBP Secondary Buyout
West Midlands, United Kingdom · www.keesafetygroup.com
Black Rock Programme Management Ltd. 2017-08-07 - Sold to Management
London, United Kingdom · www.blackrockpm.co.uk
Forensic Risk Alliance 2017-03-08 - Growth Capital
Providence, Rhode Island · www.forensicrisk.com
View All >>

Portfolio M&A

Company Acquired Add-On/Sale Date #
RSL Steeper 2005-12-01 RSL Steeper - Bebionic Business 2017-02-02 1
Rochester, United Kingdom · www.rslsteeper.com , United Kingdom

M&A by Sector

Sector Current # Value All-time # Value
Business Services 3 (23%) 277M (37%) 12 (24%) 507M (27%)
Insurance 1 (8%) - 4 (8%) 31M (2%)
Aerospace - - 3 (6%) 134M (7%)
Construction - - 3 (6%) 100M (5%)
Leisure - - 3 (6%) 95M (5%)
Information Technology 3 (23%) 68M (9%) 3 (6%) 68M (4%)
Manufacturing 1 (8%) 29M (4%) 3 (6%) 66M (3%)
Healthcare Services 1 (8%) - 3 (6%) -
Building Materials - - 2 (4%) 139M (7%)
Distribution 1 (8%) 53M (7%) 2 (4%) 78M (4%)
Software - - 2 (4%) 66M (3%)
Retail - - 1 (2%) 226M (12%)
Chemicals 1 (8%) 200M (26%) 1 (2%) 200M (11%)
Energy Services and Equipment 1 (8%) 106M (14%) 1 (2%) 106M (6%)
Gaming - - 1 (2%) 29M (2%)
Consumer Products - - 1 (2%) 26M (1%)
Environmental 1 (8%) 23M (3%) 1 (2%) 23M (1%)
Information Services - - 1 (2%) 6M (< 1%)
Financial Services - - 1 (2%) -
Transportation - - 1 (2%) -
Total 13 $757M 49 $1.9B

Acquisitions By Geo

State/Country Current # Value All-time # Value
United Kingdom 12 (92%) 757M (100%) 46 (94%) 1.7B (98%)
United States 1 (8%) - 2 (4%) -
  Rhode Island 1 (8%) - 1 (2%) -
  Minnesota - - 1 (2%) -
Channel Islands - - 1 (2%) 36M (2%)
Domestic 12 (92%) 757M (100%) 46 (94%) 1.7B (98%)
Cross-border 1 (8%) - 3 (6%) 36M (2%)
Total 13 $757M 49 $1.8B

Acquisitions by Deal Type

Type Current # Value All-time # Value
Buyout (LBO, MBO, MBI) 3 (23%) 29M (4%) 32 (65%) 576M (32%)
Secondary Buyout 5 (38%) 651M (86%) 10 (20%) 1.1B (62%)
Growth Capital 3 (23%) - 5 (10%) 37M (2%)
Divestiture 1 (8%) 53M (7%) 1 (2%) 53M (3%)
Stake Purchase 1 (8%) 23M (3%) 1 (2%) 23M (1%)
Total 13 $757M 49 $1.8B

Exits by Deal Type

Type Total # Value
Secondary Sale 11 (39%) 831M (75%)
Trade Sale 7 (25%) 118M (11%)
Trade Sale - Public Company 4 (14%) 166M (15%)
IPO 3 (11%) -
Unknown 2 (7%) -
Sold to Management 1 (4%) -
Total 28 $1.1B

Top M&A Advisors

Financial Deals
PwC Corporate Finance LLC
 1
Ernst & Young Capital Advisors LLC
 1
Legal Deals
Dickson Minto W.S.
 2
Pinsent Masons LLP
 1
Gateley Plc
 1

Deal Values

buy # Total
$100M to $1B 6 $948M
< $100M 28 $952M
TOTAL $1.9B
Largest The Jessop Group Ltd.
$226M (2002-10-01)
sell # Total
$100M to $1B 2 $700M
< $100M 7 $415M
TOTAL $1.1B
Largest Kee Safety Ltd.
$431M (2017-10-18)

M&A Connections

Deals
Acquired from
Investor(s)
20%
10 (20%)
Strategic(s)
2%
1 (2%)
Exited to
Investor(s)
39%
11 (39%)
Strategic(s)
36%
10 (36%)

Investor Summary

Size

Middle-Market

PE Assets

400M GBP

Established

1983

Specialist/Generalist

Generalist

Leadership

Shaun Middleton

Managing Partner

Ross Marshall

Senior Partner

Dougal Bennett

Partner

Mark Ligertwood

Partner

Nicol Fraser

Partner

 Subscribe to unlock this and 161,366
investor and company profiles

Sign-up today to get full access

  • check  Unlimited Searches
  • check  Unlimited Profile Views
  • check  Build and Export Lists of
    • PE Backed Companies
    • Direct Investors & Acquirers
    • Advisors
    • Deals
    • & More
1 Week Free Trial Learn More

What's Mergr?

We built Mergr to save people the arduous and time-consuming process of tracking when companies are bought, sold, and who currently owns them.

Every day, new opportunities emerge around M&A and we help professionals of all types comb through transactions, investors, and corporate acquirers via an easy-to-use web database that is accessible to anyone.

Try us for 1 week free today!

Mergr, the Easiest-to-Use PE and M&A DB

Key Benefits

  • Stay informed on events in your industry
  • M&A research that takes seconds (not all afternoon)
  • Better understand your customers and prospects
  • Discover active buyers (or sellers)
Search
  • 4.1K Private Equity Firms
  • 150K M&A Transactions
  • 157K Companies Involved in M&A
    (Buyer, Seller, or Target)
  • 3.2K M&A Advisors
    (Investment Banks and Law Firms)
  • 48K M&A Contacts
    (PE and M&A Advisors)

Ready to try?

Join FREE for 1 Week

No obligation. Cancel anytime.

Mergr

Product

Company

Legal