Dunedin Goes Live with FrontInvest Alternatives for Private Equity Investment Operations
LONDON - eFront, the leading software solutions provider for alternative assets, today announced that Dunedin, the UK mid-market private equity house, has gone live on time with eFront's FrontInvest Alternatives. FrontInvest Alternatives is the global forerunner in alternative asset management platforms.
Dunedin is an independent private equity house operating throughout the UK from offices in London and Edinburgh. The company specialises in GBP20m - GBP75m management buyouts and funding for acquisitions. Dunedin has a record of successful exits achieved by trade sale, flotation, secondary buyout and refinancing. Its focus is on UK mid-market deals, backing ambitious and talented management teams in UK businesses with strong organic roll-out or acquisition opportunities in a broad range of industry sectors.
To support its ongoing growth strategy, Dunedin decided to replace its existing platform with a more flexible solution which could better meet its needs. After an extensive selection process, FrontInvest proved to be the most complete front-to-back solution to answer the needs of direct private equity investments. The implementation project, co-led by Dunedin and eFront, was rolled out in under 6 months and includes CRM, portfolio management, user-friendly reporting and advanced accounting. FrontInvest now helps Dunedin streamline knowledge and resource that are valuable to a management team and business.
Jonathan Ma, Chief Operating Officer, commented: "We chose eFront due to the strength of their proven methodology and their extensive knowledge of the private equity industry. We were able to develop an excellent working relationship with them from the very beginning and they became an integral part of this project. eFront's web-based solution fully supports all parts of the business."
"There are many reasons for the success of this project, but foremost was the level of involvement by the Dunedin team and their desire to place quality as a top priority. This is an excellent example of how a project can be on time and on budget while achieving the core business goals of improved efficiency, expanded capabilities, as well as better customer communication and service levels," said Jeffrey Green, Head of Business Development, eFront Limited. "Dunedin is well known on the market to be very demanding in terms of business management and FrontInvest now offers the level of innovation needed to support their operations."
About Dunedin
Dunedin provides equity finance for management buyouts and management buyins with a transaction size of GBP20 million - GBP75 million. It is an independent private equity house, owned by its directors and staff, operating throughout the UK from offices in Edinburgh and London.
In 2006, it raised a GBP250 million buyout fund which was significantly oversubscribed. It also manages the quoted private equity investment trust, Dunedin Enterprise Investment Trust PLC.
Since raising its latest fund, Dunedin has made investments in Red Commerce, U-POL, CitySprint, WFEL, Fernau, Enrich, Formaplex, Hawksford and Weldex and has already successfully realised its investment in Fernau.
http://www.dunedin.com
About eFront
eFront is a leading software provider of solutions dedicated to the financial industry with a recognised expertise in Alternative Investments and Risk Management. eFront's solutions serve over 260 customers in more than 34 countries, including major companies in the Private Equity, Real-Estate Investment, Banking and Insurance sectors. Founded in 1999, eFront has offices in New York, Montreal, London, Paris (HQ), Dubai, Hong Kong, Bonn, and Jersey. eFront is a public company listed on NYSE Euronext.
http://www.efront.com
Source: eFront
Contact: Clémentine DENIEL, cdeniel@efront.com . Tel : Paris : +33-1-49-96-40-60, New York : +1-646-495-3094, Montreal : +1-514-248-3787, London : +44-207-420-06-40, Dubai : +971-4-437-0740, Hong Kong : +852-2297-2856, Beijing : +86-10-6535-0242, Bonn : +49-228-323-040, Jersey : +44-153-461-09-69. E : info@efront.com
