Portfolio Update

RNS Number : 4318X

Dunedin Enterprise Inv Trust PLC

06 December 2010

 

For immediate release 6 December 2010

 

Dunedin Enterprise Investment Trust PLC

Dunedin Enterprise Investment Trust PLC ("Dunedin Enterprise") has, through the Dunedin Buyout Fund II, made a £10 million investment in CitySprint, the UK's leading SameDay distribution network. This represents 30% of Dunedin Buyout Fund II's investment in the company.

Dunedin Enterprise has a £75 million commitment to the Dunedin Buyout Fund II, 30% of the total fund size of £252.5 million.

CitySprint is the UK's market leader in the same day delivery sector with a national network of 31 service centres.  Turnover has grown through the recession from £46 million in 2007 to a forecast £61 million for the year ended 31 December 2010.

The business splits its activities into key services of same day courier, same day logistics and International and UK overnight courier to a number of different sectors, including healthcare, online retail fulfillment and parts fulfillment such as outsourced supply chain services for engineering and servicing companies, including delivery of parts and stock forwarding.

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For further information please contact:

Brian Scouler Principal Fund Manager Dunedin Enterprise         0131 225 6699 07811 262 796   [e-mail]

Jane Kirby / Corinna Osborne Partners Equity Dynamics LLP 07825 326 441/ 440 [e-mail] / [e-mail]

Notes to Editors

Dunedin Enterprise Investment Trust PLC is managed by Dunedin Capital Partners Limited. Dunedin Capital Partners Limited is an independent private equity company owned by its directors. The company specialises in providing equity finance for management buyouts and management buyins with a transaction size of £20 million to £75 million. It operates throughout the United Kingdom from its offices in Edinburgh and London.  Dunedin Capital Partners is itself the result of a management buyout which took place in 1996.

Dunedin Enterprise's investment objective is to achieve substantial long term growth in its assets through capital gains from its investments.  For more information on Dunedin Enterprise, its portfolio and investment approach, please visit the website www.dunedin.com.  Investors can buy shares in the company through regular savings, PEP/ISA and pension plans.  For further information, call the Aberdeen Asset Managers helpline on 0500 00 00 40 or visit the website at www.dunedinenterprisetrust.co.uk.

 

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