UNQUOTE

UK - Dunedin backs £21m MBO of etc.venues

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Dunedin Capital Partners announces that it has backed the ТЃ21m management buyout of ETC Venues Ltd, one of Londonт€™s leading independent providers of meeting, training and event space. Dunedin is initially providing ТЃ6m of funding with a further ТЃ4m follow-on investment. Allied Irish Bank has provided bank debt of ТЃ10.5m.

ETC Venues was founded in 1992 by Sally Wilton when the first venue, Avonmouth House, was opened in South London. Wilton has expanded the business with six training and conference venues now in operation across London. All venues are purpose designed and renowned for their well resourced facilities, range of flexible rooms and layouts, central locations and high levels of service. The conference and meetings sector has been estimated to be worth £12 billion for venues in the UK. The company has plans to grow the business through a rollout into regions including Birmingham, Bristol, Manchester and Edinburgh.
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