Report

Review: Mature portfolio raises realisation prospects

Dunedin Enterprise Investment Trust (DNE) is a private equity investment specialist, which is differentiated from peers by its focus on UK lower mid-market buyouts. Three of the top five portfolio companies saw significant valuation uplifts driven by strong earnings growth in 2014 and, while overall performance was held back by disappointing developments at two companies in particular, these issues have been addressed. The majority of portfolio companies are budgeting higher earnings in 2015 and DNE’s relatively mature portfolio provides the prospect of an increase in realisations that could enhance NAV performance in the current year.
Underlying
Dunedin Enterprise Investment Trust PLC

Dunedin Enterprise Investment Trust is a closed-ended investment trust. Co. is engaged in the provision of private equity finance. Private equity is medium to long term finance provided in return for an equity stake in private companies. Co. invests primarily in private equity investments, either through private equity funds managed by its manager, Dunedin LLP, or directly.

Provider
Edison Investment Research
Edison Investment Research

Edison is an investment research and advisory company, with offices in North America, Europe, the Middle East and AsiaPac. The heart of Edison is our world renowned equity research platform and deep multi-sector expertise. At Edison Investment Research, our research is widely read by international investors, advisors and stakeholders. Edison Advisors leverages our core research platform to provide differentiated services including investor relations and strategic consulting.

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