Dunedin has joined the Alliance for Global Growth, a newly launched global network of lower mid-market private equity firms and the first of its kind to operate across Europe and the USA.
The Alliance for Global Growth currently includes ten members drawn from Western Europe and the United States. In addition to Dunedin, which targets buyouts of market-leading companies headquartered in the UK with a deal size of GBP20 -100 million, the network includes Nordic mid market specialist, Axcel; Finatem, a German private equity fund focused on the “Mittelstand”; French mid market house Nixen; Nazca, a leading Spanish mid-market firm; and US investors Harris Preston Partners, Brentwood Associates, Stone Goff, Wincove and Silver Oak Services Partners.
The formation of this network is driven by a continuing trend towards globalisation and comes at a time when significant opportunities exist for UK businesses to capitalise on increasing inbound and outbound investment.
The Alliance for Global Growth intends to support growth within its members’ portfolios of companies during the investment period, but also to enhance opportunities for sale to international buyers at the point of exit. In addition, shared knowledge and intelligence across the network will benefit member firms and contribute to members’ deal origination and the identification of overseas investment opportunities.
Internationalisation is one of the primary growth strategies that Dunedin adopts in order to add value to the businesses that it backs. This strategy is shared by other members of the Alliance for Global Growth. Of Dunedin’s last four exits, three were to international trade buyers. These were UK headquartered businesses with a market leading position in their niche, which, with Dunedin's support, achieved greater scale and operational efficiency, ultimately attracting the attention of international trade buyers. Dunedin has had particular success in helping its portfolio companies to establish a presence in international markets.
The Alliance for Global Growth is the only global alliance spanning Europe and America. Future plans include establishing relationships with new members in Eastern Europe, Asia and South America. The current member firms collectively back a total of 122 companies across Western Europe and the US. A dedicated person will be recruited to manage the day to day business of the Alliance.
Shaun Middleton (pictured), Managing Partner of Dunedin, says: “We are constantly looking for ways to add value to our companies and ultimately to our investors and this initiative illustrates our commitment to the international growth of the businesses we back.”
“Globalisation is a continuing trend and local knowledge and relationships are a critically important factor in the internationalisation of any business. Joining this newly formed Alliance gives Dunedin and its portfolio companies the benefit of a global perspective and a strong international network. We are very excited by the opportunities that the Alliance represents, especially since it is the first to secure members from Europe and the USA. We hope to bring in new international members in the coming months.”
