Dunedin Capital Partners has led the £48m management buyout of WFEL Ltd, a designer and manufacturer of mobile bridging systems and related products. Dunedin provided £21m of equity, for a majority stake, alongside a debt package of £27.5m provided by Barclays Leveraged Finance and Kaupthing Singer & Friedlander Ltd.
Charcoal and natural additives company saw final bids from two banks and one direct lender
VCs including the Swiss Entrepreneurs Fund, BtoV and Ringier Digital Ventures also participated
Around 40 existing and new LPs, including British Patient Capital and the EIF, participated
Fund will invest in buyouts, recapitalisations and carve-outs of both profitable and underperforming businesses