Dunedin Enteprise invests in Kingsbridge

RNS Number : 7950Z

Dunedin Enterprise Inv Trust PLC

31 May 2016

 

Dunedin Enterprise invests in Kingsbridge

31 May 2016 - Dunedin Enterprise Investment Trust PLC ("Dunedin Enterprise") has, through the Dunedin Buyout Fund III, invested £4.2 million in Kingsbridge Risk Solutions ("Kingsbridge "). Dunedin Enterprise will have an interest of 13.0% in Kingsbridge.

Founded by the current CEO Steve Wynne in 2001, Kingsbridge is the UK's market-leading provider of insurance services that are tailored to meet the needs of contractors, freelancers and independent professionals, as well as the compliance requirements of partners including recruiters and accountants.  The company, which employs 55 people, is headquartered in Tewkesbury, Gloucestershire and has offices in Liverpool and Guernsey.

Working alongside its strong partner network, Kingsbridge covers the broadest range of industry sectors in its market, including aerospace, banking and finance, rail, automotive, nuclear, oil and gas and information technology. 

Over the last two years, the business has more than doubled EBITDA and almost doubled revenues to c. £7 million.

 

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