Dunedin hires former Graphite partner

David Williams, who retired as a senior partner from Graphite earlier this year, has been joined Edinburgh- and London-based Dunedin.

UK mid-market private equity firm Dunedin has hired David Williams, formerly a senior partner at rival mid-market firm Graphite Capital.

Williams arrives as a director and will be responsible for sourcing and executing new investments for Dunedin’s £250 million (€284 million; $404 million) Fund III, raised in 2006. He described the firm’s prospects as “exciting”. “The portfolio is in great shape and the firm has significant firepower to invest,” he said in a statement.

Williams was a senior partner at Graphite between 2005 and 2010. The firm has five other senior partners and a managing partner, Rod Richards.

Before Williams joined Graphite he was managing director at Sand Aire Private Equity between 1997 and 2005 and was at the helm of the group when it was acquired by Dunedin.  He began his private equity career at 3i in Cardiff and London where he was an investment director.  He is a BVCA council member and chairman of its investor relations committee.

Dunedin invests in buyouts with a transaction size of between £20 million and £75 million.