View all newsletters
Receive our newsletter - data, insights and analysis delivered to you
  1. News
June 17, 2022

Caledonia seeks to offload investment manager 7IM in £400m deal

London-listed Caledonia Investments is looking to offload boutique fund manager 7IM in a deal worth about £400m, reported Sky News citing people aware of the development.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

Caledonia, which own the controlling stake in the fund manager since 2015, is expected to launch the sale process later this year.

The firm has retained investment bank Evercore Partners to oversee the sale, which could be delayed if market conditions remain unattractive.

The news comes a few months after Caledonia rejected an unsolicited £300m takeover bid for 7IM by Brooks Macdonald.

Brooks Macdonald is expected to make a bid for the company in the upcoming sale process alongside other fund managers and interested private equity investors.

Caledonia acquired 93.6% of 7IM in 2015 in a deal worth about £100m.

In April this year, 7IM Jersey sold its Trust and Private client book to Smith & Williamson International, a part of Tilney Smith & Williamson.

The deal was in line with 7IM’s move to shut its Jersey branch following a strategic review of the business to focus on its core business areas and clients.

In 2019, Caledonia finalised the purchase of a minority stake in multi-family office Stonehage Fleming & Family Partners.

Other developments at 7IM

In 2019, 7IM launched a multi-asset passive model portfolio range 7IM Pathway, which consisted of five portfolios with different risk levels.

In 2018, the firm acquired Tcam Asset Management, an Edinburgh-based discretionary asset manager with  £12.5bn in assets and employs 266 staff.

Free Report
img

2022: So far In Venture Capital

Global investment in 2022 has been majorly dominated by North America, Europe, and Asia Pacific, whereas the Middle East, and South and Central America have recorded low investments comparatively. In light of this, Europe and North America have been identified as the major destinations for Private Equity and Venture Capital (PE/VC) investments.   GlobalData’s whitepaper analyzes which sectors PE/VC firms have been investing in, looking at Technology, Media, and Telecom, with these sectors recording $356 billion and a deal volume of over 10,000 deals in 2022. Healthcare, Financial Services, Business & Consumer Services, and Construction sectors have also seen high investment activity by PE/VC firms, recording a deal value of over $70 billion each.   But what can this mean for you?   Understand how the Deals Database on GlobalData Explorer can be leveraged to:  
  • Track the Aggregate Investment Volumes in PE/VC-Stage firms across geographies and sectors, in addition to viewing the specific deals that drove these volumes
  • Identify the top investors already active in any sector-Geography combinations
  • Assess the Performance of Financial and Legal Advisors, supporting the Dealmaking in any segment of choice (Customizable League tables)
  • Understand what is driving the PE/VC fundraising (Deal Rationale)
  Consult our full report here and optimize your business strategy.
by GlobalData
Enter your details here to receive your free Report.

NEWSLETTER Sign up Tick the boxes of the newsletters you would like to receive. A weekly roundup of the latest news and analysis, sent every Wednesday. The industry's most comprehensive news and information delivered every month.
I consent to GlobalData UK Limited collecting my details provided via this form in accordance with the Privacy Policy
SUBSCRIBED

THANK YOU

Thank you for subscribing to Private Banker International