Dunedin sells equity stake in CitySprint in GBP175m secondary MBO
Dunedin, the mid-market private equity firm, has sold its original shareholding in CitySprint – the UK’s same day distribution network – in a secondary MBO backed by LDC, valuing CitySprint at GBP175 million. The deal sees Dunedin reinvesting into the business to retain an equity stake. Dunedin originally invested