Dunedin Enterprise Investment Trust PLC, the private equity investment trust managed by Dunedin the UK mid-market private equity house, has reported a significant increase in value across its portfolio, as reflected by the uplift in net asset value announced for the year to 31 December 2011.
During 2011 Dunedin Enterprise’s net assets increased from GBP150.1 million to GBP163.0 million, an increase of 8.8%. The share price moved from 300.0p to 313.5p over the same period. Dunedin Enterprise also recently announced that it sold its entire investment in SWIP Private Equity Fund of Funds II plc to a number of third parties for an aggregate cash consideration of GBP14.5 million.
Shaun Middleton (pictured), managing partner of Dunedin, says: “We are focused on driving value creation across our portfolio through acquisitive growth and international expansion. Dunedin backed businesses made a total of eleven follow-on acquisitions in 2011 enabling them to accelerate growth on an international level. Operational improvements, strong trading and positive contributions from acquisitions, have meant that a number of our portfolio companies have experienced valuation uplifts as reported in the year end results.”
