Should all goes as planned, the deal will swell Dunedin’s total resources to around £300 million, with £100 million immediately available for investment in UK buyout opportunities. Though profitable, SAPE’s parent company Sand Aire Investment Management has decided to sell the business in order to focus on its wealth management activities instead.
On completion, the SAPE team will join Dunedin, with the latter intending to use this expertise to increase its presence in London and the South East. The transaction also takes Dunedin into a slightly different investment range. Historically it has focused on deals of between £10 million and £50 million, whereas SAPE focuses on buyouts in the region of £2 million to £10 million.
‘This is a real opportunity for us because we are joining a larger private equity house with exciting growth plans,’ SAPE director John Hudson gushes. ‘The combined team and increased funds under management will allow us to look at a broader range of investment opportunities.’