Dunedin acquires Weldex for £100m

NVM Private Equity had invested £600,000 in the company in 1996. It will receive £3.7m in cash, £3.2m in unsecured loan notes, and retain a 5% stake in the company. The total proceeds for NVM represent a money multiple of 13.3x and an IRR of 25% per annum.

Founded in 1979, Weldex operates around 100 cranes, including two of the UK's biggest. It posted a £7.89m EBIT for 2009.

The unquote" team is currently researching this transaction. In-depth deal information for subscribers will follow shortly.

If you have any information regarding this transaction, please contact Grégoire Gille on +44 20 7484 9824 or gregoire.gille@incisivemedia.com

 

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