UNQUOTE

UK - Dunedin backs £30m secondary MBO of Capula Ltd

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Dunedin Capital Partners has announced that it has led the secondary management buyout of Capula Ltd, the UKт€™s leading independent provider of real time IT solutions to the energy and utility markets, from Bridgepoint. Dunedin backed the management team led by CEO Roger Turner in a transaction valued at ТЃ30m.

Dunedin provided £15.6m of equity, for a 70% equity stake, alongside a debt facility of £14.5 million provided by Barclays Leveraged Finance. Dunedin was granted exclusivity early in the sale process because of its understanding of the growth opportunities available to the company. Capula provides real time automation systems to the nuclear, power generation and utilities markets, a specialised business which involves complex software programming and systems engineering. The company was established in 1970 and now employs more than 180 staff at offices in Staffordshire, Gloucester and Cumbria.
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