Dunedin has backed £18m managment buyout of Gissings Advisory Services Ltd (GAS), a financial services business. GAS provides consultancy advice on flexible benefits, private medical insurance, life assurance, permanent health insurance, occupational health and employee wellness to a number of FTSE 100 and FTSE 250 businesses. This is the sixth business Dunedin has backed in the financial services space.
CIC is also fundraising for CIC Mezzanine & Unitranche 5, which launched in September and held a first closing on €150m
Round is one of the largest venture capital deals in Germany this year
Berthoux and Desmottes join as operating partners, while Philips becomes a strategic partner
Vitrulan has acquired the business for its broader product range and to expand internationally