Edison Investment Research - Dunedin Enterprise Investment Trust PLC (DNE) Update: UK buyout market expected to strengthen in 2015

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Edison Investment Research

Update: UK buyout market expected to strengthen in 2015

For the first nine months of 2014, Dunedin Enterprise Investment Trust (DNE) reported a modestly lower NAV. Two portfolio companies saw significant valuation uplifts driven by strong earnings growth, but these were offset by a net NAV reduction across other holdings. Disappointing developments at two companies in particular have been addressed, with one company sold during the period. Most portfolio companies are forecasting higher profits for 2014 and the manager reports a number of potential investments currently being considered, with the UK buyout market expected to strengthen in 2015 after a relatively quiet period.

18/11/2014 4 EN

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.

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GB0005776561 London Stock Exchange United Kingdom

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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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Update: UK buyout market expected to strengthen in 2015

Dunedin Enterprise Investment Trust: 1 director

Ford Equity International Rating and Forecast Report

Review: Realisations in prospect

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